Commercial Property for saleFormer Premises of Nat West Bank, 55-57 Fore Street, Heavitree, Exeter
Guide Price* £150,000
- For Sale by Public Auction at The St Mellion International Resort
- Auction Date : 16 December 2016
- Lot Number : 109
- Commercial Investment/residential Re-development Opportunity
- Vacant Commercial
- Current Rental : £3,000 Per Annum
- *Guide Price : £150,000 - £175,000
Full descriptionA rare opportunity to acquire a substantial and extensive building comprising the former premises of NatWest enjoying a prominent position in this popular neighbourhood centre not far from the Royal Devon and Exeter Hospital, part of the University campus and the heart of Exeter itself.
The property is likely to appeal to investors and developers of either or both a commercial and/or residential persuasion as the substantial floor space, subject to all necessary consents being obtainable, offers potential for a variety of schemes. Interested applicants are advised to make their own enquiries with the Local Planning Authority, the Exeter City Council: Tel: 01392 265223. Website: exeter.gov.uk.
The Bank operated over two floors including a strong room on the ground floor and a roof terrace at first floor level. A copy of illustrative floor plans are available from the Auctioneer's Office.
To the rear accessed from the first floor accommodation is an extensive roof terrace from where far reaching views are enjoyed.
For information relating to the rateable value and other available data go to www.2010.voa.gov.uk and enter the postcode for the property into the appropriate search field.
The cashpoint (ATM) on the front elevation will be let to Nat West Plc at £3,000 per annum for a term of five years from completion.
Freehold with Vacant Possession
Commercial EPC: F
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Clive Emson Auctioneers, Maidstone on 0345 8500333.
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