Lot 29 Substantial Town Centre Premises With Planning To Create Ten UnitsAuction Date:
15th June 2023
29-31 Fore Street, Tiverton, Devon, EX16 6NA
On the instruction of the Trustees
Situated in the heart of Tiverton town centre with nearby national retailers including Argos, Superdrug and Holland & Barrett, this four storey terraced property is currently arranged as a substantial commercial unit (most recently occupied by HSBC) and a good sized two- bedroom maisonette.
The property requires a programme of refurbishment, including repair works to the party wall, while Planning Consent has been approved for conversion of the existing building into two commercial units at ground floor level with four one-bedroom flats above and a detached two storey townhouse to rear. In addition the approval allows for the construction of a single storey terrace in order to create three one-bedroom dwellings with communal garden.
Set in the Devon countryside and conveniently located for the M5 motorway Tiverton is steeped in history and character with local attractions including Tiverton Castle and the nearby Knightshayes Court. Local amenities include Tiverton Pannier Market, Blundells Independent School, Exe Valley Leisure Centre and Tiverton Golf Club.
Existing Accommodation
Commercial - 29-31 Fore Street
Ground Floor
Customer area, cashier counters, meeting room (no windows), meeting room (internal windows only), office, inner hallway, boiler room, gas meter room, office, store room, strong room (door removed) and separate ladies and gents cloakrooms with W.C.s.
First Floor
Staff room with kitchenette, landing, store room, conference room, additional room and cloakroom with W.C.
Second Floor
Split level landing, office with store cupboard, office and further room.
Third Floor
Landing and two rooms.
Outside
Substantial area of hardstanding to rear providing off-road parking for multiple vehicles with access via Phoenix Lane.
Maisonette
31A Fore Street - Ground Floor
Separate access point via Fore Street.
First Floor
Living room.
Second Floor
Kitchen, two bedrooms, bathroom (no W.C.) and cloakroom with W.C.
Third Floor
Two interconnecting store rooms.
Council Tax Band A
EPC Information
The EPC states the total floor area for the commercial unit to be 413 sq.m. (Energy Performance Rating D - 93) while the EPC states the total floor area for the maisonette to be 98 sq.m. (Energy Performance Rating F - 22).
Planning
Planning Permission has been granted by Mid Devon District Council under reference 21/01796/FULL, dated 25th March 2022, for the conversion of bank to two commercial units with four flats over, conversion of rear building to dwelling and construction of three new dwellings, subject to conditions.
A copy of the Planning Consent and accompanying documents, including existing and proposed floor plans, may be downloaded from the Local Planning Authority website, middevon.gov.uk. Tel: 01884 255255.
Site Measurements
The site extends to approximately 0.09 hectares (0.24 acres).
Proposed Accommodation
Ground Floor
Each commercial unit fronting onto the Fore Street and having rear access will comprise; retail space, rear hallway, staff room/store room and cloakroom with W.C.
First Floor
Each of the two flats above the commercial units will comprise; entrance hall, open plan living/dining/kitchen space, bedroom with en-suite bathroom/W.C.
Second Floor
Each of the two flats at second floor level will comprise; entrance hall, open plan living/dining/kitchen space, bedroom with en-suite bathroom and W.C.
Third Floor
Collection of store rooms.
Two Storey Townhouse
Ground Floor
Entrance hall, open plan living/dining/kitchen space and cloakroom with W.C.
First Floor
Small landing, bedroom with en-suite bathroom and W.C.
Terrace of Three Units to Rear
Each single storey dwelling will comprise; entrance hall, open plan living/dining/kitchen space, bedroom with en-suite wet room.
Outside
Hardstanding vehicular access with turning area for delivery vehicles. Communal garden and shed/scooter store.
Auctioneer’s Note
For information relating to the rateable value and other available data go to gov.uk/correct-your-business-rates and enter the postcode for the property into the appropriate search field.
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
