Lot 5 - 80 High Street, Bideford, Devon, EX39 2AA

  • Unconditional Online Auction Sale
  • Guide Price* : 230,000
  • Bedrooms: 7
  • Bathrooms: 2

Mixed-use investment opportunity - Vacant 7 bedroom HMO with ground floor office premises

Description

• Mixed-use freehold property with ground floor commercial unit with 3 upper floors compromising a fully refurbished 7 bedroom HMO
• Ready to tenant HMO with 7 individual bedrooms and 2 shared bathrooms
• Planning approval in place for Sui Generis HMO
• Ground floor office space of 23.26sqm, providing potential for commercial rental income

Location

80 High Street is located on the High Street in Bideford town centre and the River Torridge waterfront. Access to the A39 is a 10-minute drive away, providing routes to Barnstaple, Bude, and the wider North Devon area.

Within walking distance is a range of independent shops, cafés, and local amenities. A short drive away are the scenic beaches of Westward Ho!, the Tarka Trail, and the historic village of Clovelly.

Transport links are provided by Barnstaple Railway Station.

Planning

Planning permission has been granted for the conversion of the upper floors from B1 (Office) to sui generis use as a 7-bedroom HMO under:

Application Ref: 1/0279/2019/FUL – Approved 14th October 2019

Listed Building Consent: 1/0730/2019/LBC – Approved 14th October 2019

Non-Material Amendment: 1/0034/2019/NMAT – Approved 3rd February 2020 (to include a rear pedestrian access)

Vendors Solicitor

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.

The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).

Please note that Lots may be sold or withdrawn prior to auction without prior notice.

Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.

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