Unsold, but is available at £275,000

---

A prominent 3 storey mixed use building (5,453 sq.ft. in total) situated in the heart of Barnstaple town centre with planning permission for 4 x 1 bed and 2 x 2 bed flats to the upper floors, vacant

---

Description/Location

This attractive Grade II listed building occupies a prime town centre site. The ground floor commercial space (approx 1,872 sq.ft) was previously let to Co-Op supermarket and Spar at £20,000 pa. Planning granted by North Devon Council, application Ref. 66058 for conversion of the 2 upper floors into 6 flats (4 x 1 bed and 2 x 2 bed). Prospective purchasers should refer to the legal pack for details. We estimate the current rental value of the 1 bedroom flats is £475 p.c.m. and 2 bedroom flats £550 p.c.m.

Tenure

Freehold.

Local Authority

Viewing

Charles Darrow Network Auctions on 01271 321122

Rent

ERV: £56,000 p.a.

Virtual Tour

Virtual Tour Ground floor
Additional Virtual Tour video

View Larger Map

View larger map on Google Maps.

*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.