Lot 61 - RESTAURANT PREMISES WITH RE-DEVELOPMENT POTENTIAL IN TOWN CENTRE LOCATION

Sold £181,000

An interesting opportunity to acquire this substantial mid-terrace property situated within the pedestrianised zone of Bideford town centre. The property was most recently trading as a licensed restaurant and takeaway premises with living accommodation on the upper three floors.

Individuals may wish to make use of the property in its current guise or consider a range of re-development schemes including sub-division to create a ground floor commercial unit with multiple self-contained flats occupying the upper floors (see Auctioneers Note 2). Any conversion works would be subject to all necessary consents being obtainable.

Ground Floor

Counter/servery area, customer seating area, food preparation room and commercial kitchen.

First Floor

Landing, kitchen, dining room, living room, bathroom with W.C., master bedroom with dressing room leading to rear balcony, shower room with W.C and two further bedrooms.

Second Floor

Kitchen, open plan living/dining room and bathroom with W.C.

Third Floor

Attic room.

Outside

Courtyard to rear with store outbuilding consisting of two rooms. Separate ladies and gents cloakrooms with W.C.s

Auctioneer's Note 1

For information relating to the property's rateable value and other available data, go to www.gov.uk/correct-your-business-rates and enter the postcode for the property into the appropriate search field.

Auctioneer's Note 2

Indicative architect drawings illustrating potential conversion schemes for the property will be available from the auctioneers.

Local Planning Authority

Torridge District Council. Tel: 01237 428700. Website: torridge.gov.uk.

Freehold with 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/