Industrial unit

DESCRIPTION
The property comprises the access road to the site, along with a yard and buildings that were extensively damaged by a fire in late 2007; restoration of the buildings started but extensive refurbishment is now required.

We understand the property is Grade II Listed and further information can be found via the Historic England website, List Entry Number: 1266185.

All within a site extending approximately 0.67 acres / 0.27 hectares.

A list of building materials, available as part of the purchase, is available upon request. Most recently used for B2 General Industrial Purposes, potential for a variety of different uses once restored, subject to obtaining any necessary planning consents. Information on planning history available on Somerset Planning website, Unique Property Reference Number:[use Contact Agent Button].

Rights of Way / Flying Freehold
Neighbouring owners benefit from all necessary rights of way over the estate roads to access their properties, with a fair proportion of costs of maintenance recoverable from each.

There is a waterwheel marked by a ‘star’ on the site plan. We understand an adjacent owner has a flying Freehold above it – further details will be available in the legal pack.

Completion: Completion has been set for 14th July 2023 or earlier by agreement.

Registering to bid and Administration fee
Cooper and Tanner requires all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1295 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased and for all pre-auction sales. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.

Deposit
Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.

Solicitors
Amicus Law
James Armstrong acting.
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SERVICES
3 phase electricity and mains water connected; septic tank; no gas to the building but gas available elsewhere site. Potential purchasers are advised to make their own enquiries into the adequacy and availability of any services.

OUTGOINGS
Removed from the rating list and will need to be re-assessed once rebuilt.

VAT
The purchase price is not subject to VAT

VIEWING
Due to health and safety concerns, viewings are strictly by appointment on one of scheduled viewing days – enquire for available slots via Cooper and Tanner Glastonbury Office[use Contact Agent Button]