This property is no longer on the market
7 bedroom terraced house
Key information
Property description & features
- Auction end date 23rd Feb at 5pm
- Ground Floor Bar/Restaurant with Beer Gdn (business unaffected)
- Further development potential (STPP)
- Town centre location
- 3 bedroom apartment above
- Mixed use investment
- Freehold
- Council tax band C
Method Of Sale - The property will be offered for sale by Online Traditional auction (unless sold prior.) Auction end date Thursday 23rd February 2023 at 5pm. The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. The property can be accessed via our website stags.co.uk.
Situation - Situated at the centre of the historic High Street, Honiton offers a range of amenities including supermarkets, an out of town retail park and a diverse and interesting range of independent shops. The A30 is easily accessible and provides links to the M5 and A303. Honiton is on the Exeter to London Waterloo line, and the London Paddington line is available from Taunton. Exeter International airport is 12.5 miles away with daily flights to London.
A number of popular beaches on the Jurassic Coast, such as Sidmouth and Lyme Regis, are within easy driving distance.
Description - Fantastic opportunity to acquire the freehold for 102 High Street with ground floor let to successful and popular bar/restaurant on a 10 year lease commencing December 2021 at £15,000 +VAT per annum and 3 storey apartment above.
Please refer to floorplan for room sizes and layout, PDF copies available from the agent.
Please follow link to Bruv's Bar webpage for further details and images;
Planning Permission - East Devon District Council granted planning permission on 12th May 2022 for "Change of use of the upper floors from a dwelling to a 7-bed 'room only' guest house (Use Class C1), installation of replacement windows and blocking up of one window" and "Demolition of part of the rear storage building, construction of an infill extension and erection of a pool/meeting room within the garden of Bruvs Bar" - further details and plans can be found on the East Devon District Council planning portal; reference 22/0497/FUL and 22/0496/FUL
The property has potential to be developed further with conversion of the upper levels into 2 residential flats, subject to the necessary consents.
Services - It is understood that all mains services are connected including 3-phase for use of the bar.
Proof Of Identity - Under Money Laundering Regulations 2017 it is a requirement for all Estate Agents to perform due to due diligence checks on any person that intends to bid at auction. There will be a requirement for all bidders to register via Bamboo's website and complete the ID checks. There is no charge for registration.
Buyers Reservation And Administration Fee - At the end of the auction the successful purchaser(s) will pay the sum of £5,000. From this a buyers fee of £2,400 (including VAT) is retained by Stags/Bamboo Auctions as a contribution towards the online platform costs, and the remaining £2,600 is paid towards the deposit.
The remainder of the deposit (being 10% of the purchase price less £2,600) must be paid by 12pm on the next business day following the auction.
An additional 'administration fee' of £1,200 including VAT will be payable by the successful purchaser immediately after the auction. This will be separately invoiced by Stags.
Auction Legal Pack - Copies of the legal pack and specialist conditions of sale are available online to be downloaded, via the tab on the online auction property listing page.
Prospective purchasers will need to register with the Bamboo online platform in order to download the legal pack. It is the purchasers responsibility to make all necessary enquiries prior to the auction.
Prospective purchasers are strongly advised to inspect the legal documentation and to consult legal advice prior to bidding.
Solicitor Acting - Mr Alister Pilling of Alister Pilling Solicitors, 45 Cross St, Camborne TR14 8ET, UK, [use Contact Agent Button],[use Contact Agent Button]
Completion Date - The completion date will be 20 working days after the auction or as dictated by the solicitor.
Definition Of Auction And Reserve - Guide price(s) are an indication of the seller's expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction.
We expect the reserve will be set within 10% of the guide price. Guide prices may change at any time prior to the auction.
Special Conditions Of Sale - Particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale/auction information pack and in case of any inconsistencies the provisions of the latter shall prevail. Special conditions of sale/auction information pack is available online. It is assumed that the Purchaser will have made all necessary enquiries prior to the auction.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 31777931. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Stags - Honiton.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 27, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 5, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on January 12, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.