Lot 108

FORMER BANK PREMISES WITH RESIDENTIAL AND COMMERCIAL DEVELOPMENT POTENTIAL

Former NatWest Bank, 25 High Street, Shepton Mallet, Somerset, BA4 5AF
Sold £158,000

A handsome property comprising the former premises of the NatWest Bank offering good sized accommodation (predominantly over three floors) located in the very heart of the town.

There is clear potential, subject to all necessary consents being obtainable, for a mixed residential and commercial re-development scheme, particularly by virtue of the various points of entry and the much prized benefit of off-street parking.

Ground Floor

Vestibule, large banking hall, office space and safe room along with areas of storage.

First Floor

Training, staff, store and locker rooms and W.C. facilities.

Second Floor

Staff room, large office, kitchen and W.C.

Outside

Useful area of yard space to the side along with six off-street parking spaces on land adjoining being the premises of Phillips Tyres.

Tenure

Freehold with vacant possession, the six parking spaces being long leasehold by virtue of a lease at nil rent for 999 years dated 23rd December 2008.

Auctioneer's Note 1

For information relating to the commercial element’s rateable value and other available data go to www.gov.uk/correct-your-business-rates and enter the postcode BA4 5LD into the appropriate search field.

Auctioneer’s Note 2

Indicative floor plans are available from the Auctioneer’s Office.

Local Planning Authority

Mendip District Council. Tel: 0300 303 8588. Website: mendip.gov.uk.

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/