Lot 109 Property With Consent For Conversion Into Two Retail Units And Three FlatsAuction Date:
8th February 2023
53-55 Fore Street, Brixham, Devon, TQ5 8AG
A substantial town centre three storey property in a prominent location within the retail heart of Brixham and close to its renowned harbour and seafront. The property, which includes two flats (each sold on a long lease), has permission to convert the rest of the building into two retail units, two one-bedroom flats and a two-bedroom flat.
Existing Accommodation
Ground Floor
Principal retail area with cloakroom/W.C.
First Floor
Additional retail area, office and stock rooms.
Second Floor
Offices, ancillary rooms and ladies and gents W.C.
Outside
Rear garden area with access to the rear of the property via Shinners Lane off Mount Pleasant.
Flat 55A
Tenure
Sold on a 999-year lease from 25th October 2022 with a peppercorn ground rent payable.
Flat 55B
Tenure
Sold on a 999-year lease from 4th March 2022 with a current ground rental of £100 per annum.
Auctioneer’s Note
Section 5B Notices under the Landlord and Tenant Act 1987 (as amended) have been served on Flats 55A and 55B and the leaseholders have not reserved their rights under this legislation.
Proposed Accommodation
Ground Floor
Two retail units, both with cloakroom/W.C.
First Floor
Communal stairs and landing to Flat 1.
Flat 1
Inner lobby, open-plan kitchen/dining/living room, bedroom/dressing room and bathroom.
Flat 2
Inner lobby, open-plan kitchen/dining/living room, bedroom and bathroom.
Second Floor
Flat 3
Inner hall, open-plan kitchen/living room, two bedrooms (master with en-suite) and separate bathroom.
Planning
Planning Permission has been granted by Torbay Council, under ref: P/2021/0353, dated
7th June 2021, for sub-division of retail shop into two retail units with internal and external alterations, subject to conditions.
A further Planning Permission was granted under ref: P/2021/0449, dated
19th August 2021, for conversion of the retail space to form three residential flats at first and second floor levels, subject to conditions. A copy of the Planning Consent and accompanying documents may be downloaded from the Local Planning Authority website torbay.gov.uk. Tel: 01803 207801.
Freehold with Part 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
