Lot 6 Freehold Property For InvestmentAuction Date:
15th June 2023
55 Boutport Street, Barnstaple, Devon, EX31 1SH
Currently let at £24,000 per annum
A two storey mixed use property currently arranged as a ground floor commercial unit with one-bedroom flat on the first floor. Individuals may wish to consider development of the roof space to enhance the existing accommodation of the first floor flat, subject to all necessary consents being obtainable.
Barnstaple is North Devon's largest settlement and has a broad range of retail and hospitality facilities. The property is situated in the town centre which, thanks to the Government's national Future High Streets Fund (FHSF), is currently subject to a range of potential regeneration projects which aim to improve the community's experience of the town, drive growth and ensure future sustainability.
Commercial Unit
Ground Floor
Customer waiting area with counter, barber room, two treatment rooms, kitchenette area and W.C.
Tenancy
Let on a licence agreement at a current rental of £1,250 per calendar month. The auctioneers have been informed that the current tenant has no history of arrears and has intimated they would wish to stay beyond their current term.
Flat
Ground Floor
Separate access to front.
First Floor
Kitchen, living room, bedroom and shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £750 per calendar month.
Council Tax Band A
Local Planning Authority
North Devon Council. Tel: 01271 327711. Website: northdevon.gov.uk.
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
