A substantial high street premises with the main accommodation arranged over four floors, with additional cellarage, store rooms and ladies and gents cloakrooms below. The property currently comprises of a vacant ground floor licensed public bar having access to the attractive enclosed paved courtyard area with servery and additional gated pedestrian access to the side of the property, a first floor restaurant with bar, wc and commercial kitchen, along with a second and third floor four bedroom apartment providing owners/staff accommodation, with private sitting room, kitchen/diner, bathroom and separate wc, along with two further useful attic/through rooms, one being dual aspect and the other having natural light. This versatile property would lend itself for continued use as is, particularly with the public areas being very well presented and ready for the coming holiday season, as a multi-faceted floor by floor investment opportunity, subject to any requisite consents, with some small internal tweaks the internal staircase could be accessed from the rear courtyard thereby giving the potential for a three bed apartment on the first floor, a four bed apartment on the second floor, and a commercial element to the ground floor. Thus providing three potential income streams, or for change of use to a sizeable retail high street premises with accommodation above again subject to any requisite consents.
Property Auctions South West
2 Cotton Street
t. 01395 275 691
2 Cotton Street
Tel: 01395 275 691
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,500 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.
You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees).