A substantial Grade II Listed town house with river frontage. The accommodation is arranged over 4 storeys and currently arranged as four separate units of accommodation, which would now benefit from a programme of modernisation. The property is conveniently situated for the town centre, with private car parking by permit available nearby and has the benefit of a well kept, large terraced garden leading down to the River Exe. Whilst the property is likely to be of interest to the career residential lettings fraternity as a post works investment opportunity, it will also appeal as a post works break-up and resale venture, or the potential to restore the property back to it's former glory as a sizeable family home, subject to any requisite consents, upon which interested parties must make and rely upon their own planning enquiries of Mid Devon District Council.
Note: We understand that the property is to be sold with vacant possession. Please refer to the legal pack and the addendum for clarification prior to bidding.
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).