Lot 111

COMMERCIAL INVESTMENT WITH FUTURE POTENTIAL

Strand Mews, Customs House Yard, The Strand, Barnstaple, Devon, EX31 1EU
Strand Mews, Customs House Yard, The Strand, Barnstaple, Devon, EX31 1EU
Sold Prior

Currently part let at £4,992.92 per annum

A substantial two storey property located in a central but tucked away location within the town of Barnstaple which is North Devon's principle commercial hub.

Believed to originally have been a cottage, the building has been reconfigured over time to provide commercial accommodation and is currently being part used as an artist studio.

The property requires significant improvement works although individuals may consider future conversion, sub-division or a variety of alternative uses, subject to all necessary consents being obtainable.

Local Planning Authority

North Devon Council. Tel: 01271 327711. Website: northdevon.gov.uk.

Tenancy

The area known as 'The First Floor Studio Suite' is subject to a Licence to Occupy from the 5th November 2011 at a rental of £416.66 per calendar month. A copy of the licence agreement will be available to download from the Clive Emson website.

Freehold with Part Vacant Possession

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/