2 bedroom property for sale
Key information
Property description & features
- Tenure: Freehold
- On Line Auction
- 2 bedroom Flat
- Four Bedroom House
- 1 Bedroom House
- 2 x Commercial Units
- Great Investment Yield
- NO Chain
- Tenants in Situ
We are pleased to offer to auction this exciting investment opportunity to purchase a size-able property consisting of three residential properties and two commercial units being sold as a whole lot.
The commercial units are currently run as a post office/off license, and garden shop, with tenants already in situ.
The residential properties consist of a two bedroom flat, a one bedroom house and a four bedroom house. All of the properties have tenants in place.
The combined return offers a very favourable yield on investment.
Please note we have not inspected this property
Rooms
Location
The historic market town of Hatherleigh, (known as the smallest town in Devon) has a thriving community offering a good range of shops and amenities including a supermarket, post office, café's, art gallery, two food serving public houses, fish & chip shop, hairdressers, and a local garage. The town also benefits from having a primary school, health care centre, veterinary surgery and a very popular weekly farmers market. There are various sporting facilities together with a well maintained modern community hall where many groups and classes meet. The larger town of Okehampton is located just 8 miles away having an excellent range of shops and facilities including 3 supermarkets which includes a Waitrose, local businesses, a leisure centre, schools ranging from infant to A-level standard and recently re-opened train station providing easy access to Exeter. From Okehampton, the A30 can be...
Accommodation: Commercial Units
Commercial Unit One
Post Office/Off Licence
Shop Front 10.91m x 6.52m (35' 10" x 21' 5")
Back Office & w.c 2.90m x 1.92m (9' 6" x 6' 4")
Kitchen 2.96m x 2.44m (9' 9" x 8' )
Commercial Unit 2 -Shop Front
6.34m x 2.92m (20' 10" x 9' 7") (Approximate measurements) Note: There is no water connection to the unit.
Accommodation: Residential (Property One)
Property One - Four Bedroom House
Kitchen 4.39m x 2.81m (14' 5" x 9' 3")
Lounge/Dining Room 5.65m x 3.92m (18' 6" x 12' 10")
Bedroom On 3.20m x 4.73m (10' 6" x 15' 6")
Bedroom Two 3.88m x 2.12m (12' 9" x 6' 11")
Bedroom Three 3.75m x 2.65m (12' 4" x 8' 8")
Bedroom Four 4.03m x 2.78m (13' 3" x 9' 1")
Bathroom 2.01m x 1.79m (6' 7" x 5' 10")
Shower Room 1.99m x 1.50m (6' 6" x 4' 11")
Outside
Courtyard Garden. Parking Space to rear
Accommodation: Residential (Property Two)
Property Two - One Bedroom House
Kitchen/Diner 3.68m x 3.00m (12' 1" x 9' 10")
Lounge 3.94m x 4.04m (12' 11" x 13' 3")
Bedroom 3.12m x 2.55m (10' 3" x 8' 4")
Bathroom 3.20m x 1.68m (10' 6" x 5' 6")
Outside
Laid to lawn garden. Parking space to rear.
Accommodation: Residential (Property Three)
Property Three - Two Bedroom Flat
Lounge/Diner 4.66m x 3.68m (15' 3" x 12' 1")
Kitchen 3.88m x 3.06m (12' 9" x 10' )
Bedroom One 2.92m x 2.75m (9' 7" x 9' )
Bedroom Two 2.88m x 2.14m (9' 5" x 7' )
Bathroom 1.75m x 1.55m (5' 9" x 5' 1")
Ancillery large stone and brick Store to the rear 8.00m x 5.00m (26'2" x 16'.4")
Services
Mains Water/Mains Drainage/Mains Electricity
Tenure
Freehold. Title number DN265885
Rateable Value
The current rateable value is as of 1 April 2023.
Sourced from VOA.
EPC
Available Upon Request (Rating C).
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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Property reference 444497. 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 Pattinson - Commercial.
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Broadband availability and predicted speed: obtained from Ofcom on March 23, 2023
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 23, 2023
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
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