Commercial Property for saleFormer Premises of NatWest Bank, Bedford House, The Square, Chagford, Newton Abbot, Devon
Guide Price* £100,000
- Available Post Auction
- Auction Date : 16 December 2016
- Lot Number : 106
- Freehold Commercial Investment And Residential Re-development Opportunity
- Vacant Commercial
- Current Rental : £500 Per Annum
- *Guide Price : £100,000 - £125,000
A rare opportunity to acquire a substantial building, comprising the former premises of NatWest, located just off the centre of this much sought after Dartmoor town offering a wealth of shopping facilities and amenities.
The property is likely to appeal to investors and developers of either, or both, a commercial and/or residential persuasion as the floor space offers potential for a variety of schemes, subject to all necessary consents being obtainable. Interested applicants are advised to make their own enquiries with the Local Planning Authority, the Dartmoor National Park Authority. Tel: 01626 832093. Website: dartmoor.gov.uk.
The Bank, operated predominantly on the ground floor, includes a strong room complemented by offices above at first floor level. A copy of illustrative floor plans are available for inspection at the Auctioneer's Office.
Good sized courtyard to rear giving access to the side as well as to the long leasehold flat that is at the northern end of the property.
The cashpoint (ATM) at the southern end of the front elevation will be let to NatWest Plc at a rental of £500 per annum for a term of five years from completion. Further details will be available for inspection at the Auctioneer’s Office.
Auctioneer’s Note 1
The upper floor flat that occupies part of the first floor and second floor has been sold on a long lease.
Auctioneer's Note 2
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
Commercial EPC: C
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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