Lot 93 Substantial Mixed Use PropertyAuction Date:
2nd November 2022
152 High Street, Ilfracombe, Devon, EX34 9EZ
Estimated rental income when refurbishment works completed £32,000 per annum
A prominent four storey building situated in the heart of this popular North Devon coastal town with local retail and other amenities located on its doorstep. The property is arranged as a ground floor shop with three well-proportioned self-contained flats occupying the upper floors and having a small yard area with elevated garden space to rear.
Individuals will most likely consider retention of the building as part of a letting portfolio or individual re-sale of the units back into the local market, although it is considered there may be potential for sub-division of the existing flats to create a greater number of residential units, subject to all necessary consents being obtainable.
Ground Floor
Commercial
Shop/retail area, walk-in store cupboard, kitchen area and W.C.
Residential
Communal ground floor front access leading to flats.
First Floor
Communal bin store.
Flat One
Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C.
Council Tax Band A
Second Floor - Flat Two
Entrance hall, kitchen/living room, three bedrooms and bathroom with W.C.
Council Tax Band A
Third Floor
Flat Three
Entrance hall, living room, kitchen, three bedrooms, bathroom (no W.C.) and cloakroom with W.C.
Council Tax Band A
Outside
Yard to rear.
Auctioneers' Note 1
The current owner has conducted a programme of refurbishment works on each of the three flats and the Auctioneers have been informed that these works, in conjunction with clearance of the shop unit, will be completed prior to completion.
Auctioneer's Note 2
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 for the property into the appropriate search field.
Local Planning Authority
North Devon Council. Tel: 01271 388288. Website: northdevon.gov.uk.
Freehold with Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
