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Lot A

Freehold Unbroken Block comprising 18 Flats (17 let on ASTs & 1 Vacant) + Development Potential
6 week completion

Situation

Located close to the junction with Blundell's Road and conveniently situated within easy walking distance of the extensive shopping facilities in the town centre.
Tiverton Parkway Railway Station lies approx. 61/2 miles to the east providing direct links to London in approx 2 hours.
Tiverton is a historic market town located just off the main A361 which gives easy access to the M5 (Junction 27) some 7 miles distant and being 14 miles north of Exeter.

Property

An attractive detached purpose-built block comprising 18 Self-Contained Flats (6 × Studio, 10 × 1 Bed and 2 × 2 Bed) on ground, first and second floors. 12 of the Flats have Balconies.

Each flat benefits from electric heating, an independent hot water system and an entryphone.
The block is set within well-maintained Communal Gardens.
The property includes a Garage and 4 Parking Spaces.
Entire Site Area Approx. 0.968 acres.

Video tour

Click here to view the video tour of Flat 14.

Planning

Planning Permission was granted on 13th November 2020 by Mid Devon District Council for ‘Conversion of loft to 2 flats'. Ref: 20/00526/FULL. A Notice of Intention to Start Work on 01/11/2023 was issued to the Council on 18/10/2023, which was then actioned.
Click here to view the Plans and Documentation.
There is potential for additional residential development on extensive land within the freehold adjoining the communal garden, subject to obtaining the necessary consents.

VAT is NOT applicable to this Lot

FREEHOLD

Note 1: There is a 6 week completion.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

Ford House, Station Road, Tiverton, Devon EX16 4JY