Mixed Use Investment Property

Mixed use investment property. Mid terrace Grade II Listed building. With ground floor shop (Ellis bakery in situ) and self-contained one bedroom flat above with tenant in situ. Total current gross yield £9,670 per annum. Set in prominent trading position.

Tenure

Freehold

Lot Details

Shop measuring approximately 8.44m x 3.36m plus small store area to rear and toilet with wash basin. Flat (not inspected by auctioneers as tenant is shielding). The flat is accessed via a pedestrian passageway with a locked gate to the high street. Entrance door to staircase leading to FIRST FLOOR hallway leading to reception room with stairs to SECOND FLOOR with kitchen, bedroom and bathroom

Outside

There is no outside space.

Viewings

Viewings only external viewings available. Of course, you may pop into the shop as a customer.

Notice to Bidder

Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction. As part of the Online Auction process, Bidders will be required to register online and provide proof of ID documents (Passport and Photo Driving License) and proof of source of funds for all Buyers. For a full list of Auction Day requirements please either see the Legal Pack documents or contact Auction House Devon & Cornwall.

Full Details

Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale.

Energy Efficiency Rating (EPC)

Current Rating C (Flat)

Local Authority

West Devon Borough Council

Solicitors

Pam Johns, Coodes Solicitors, 4 Bodmin Street, Holsworthy, EX22 6BB, Tel: 01409 253425

Additional Fees

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.