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Lot 5

Freehold Vacant Former Bank & 3 Bed Flat
In the same family ownership for approx 25 years
6 week completion

Situation

Close to the junction with Mill Street in the heart of the town centre nearby multiples such as The Edinburgh Woollen Mill, Oxfam, Peacocks, Co-op, Hays Travel and Timpson and a wide variety of independent retailers, coffee shops and restaurants.
Sidmouth is a thriving, beautiful coastal town on the picturesque East Devon coast located approximately 17 miles from Exeter and benefits from good road access being 10 miles from the M5 (Junction 30).

Property

An attractive and imposing mid-terrace building comprising a Former Bank on ground floor and basement level with internal access to an Ancillary Storeroom on part first floor level.
In addition, there is separate rear access via Church Lane to a Large 3 Bed Self-Contained Flat on part first floor.
The property includes a Rear Courtyard, Terrace and a separate brick-built Store.

Refer to the Auctioneers for the floor plans and video tours of the Former Bank and Flat.

Accommodation

Ground Floor Former Bank
Gross Frontage 38'0"
Banking Hall Width 33'10"
Banking Hall Depth 46'0"
Built Depth 71'0"
Banking Hall Area Approx. 1,410 sq ft
Store Areas Approx. 310 sq ft
3 WCs
Basement
Boiler Room - not inspected.
First Floor Storeroom
Area Approx. 210 sq ft
First Floor Flat
3 Bedrooms, 2 Living Rooms, 2 Kitchens, Bathroom/WC

GIA of Flat Approx. 1,450 sq ft

VAT is NOT applicable to this Lot

FREEHOLD offered with VACANT POSSESSION

Note: There may be potential to convert the remaining First Floor Commercial Space to Residential Use, subject to obtaining the necessary consents.

*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.

39 High Street & Lloyds Bank House, Church Lane, Sidmouth, Devon EX10 8LQ