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Lot 170 Freehold Mixed Use Investment In Town CentreAuction Date:
1st November 2024
54 Bampton Street, Tiverton, Devon, EX16 6AH
Currently let at £32,799.96 per annum
A mixed use property in the centre of Tiverton, arranged as three self-contained one-bedroom flats and two shop units, currently fully let.
Commercial
54 Bampton Street
A large retail unit with windows to the front and currently used as a barbers with nail technician located to the rear, with W.C.
Tenancy
Let on a 3-year lease from 1st May 2024 at a current rental of £650 per calendar month.
54A Bampton Street
A smaller retail unit with windows to the front and side, currently used as a clothes shop, small kitchenette to the rear and W.C.
Tenancy
Let on a one-year lease from 1st May 2024 at a current rental of £433.33 per calendar month.
Residential
Ground Floor
Flat 54B
Entrance hall, open-plan kitchen/dining room/living room, double bedroom and shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £525 per calendar month.
First Floor
Flat 54E
Spacious entrance hall with utility area, open-plan living room/dining room/kitchen, large double bedroom, shower room and separate W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £575 per calendar month.
54F Bampton Street
Living room, kitchen/dining room, double bedroom and shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar month.
Each Flat Council Tax Band A
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
