7 bedroom terraced house for saleFore Street, Ilfracombe
Under Offer £200,000
- Auction, unless sold
- Friday 11th November
- Auction Guide £200 - £250,000
- between High Street and
- Harbour area
- ground floor shop
- 4 flats, basement flat
- rear yard area
Ilfracombe, a coastal resort town, is set between the National Park of Exmoor to the east and North Devon's golden coast at Woolacombe, Croyde and Saunton with sandy surfing beaches to the west. The town owes much of of its heritage to the Victorians who transformed it from a modest fishing port to becoming a fashionable holiday destination visited by the rich and famous. Today the town is still bustling and is enjoying considerable national publicity owing to the internationally renowned artist Damien Hurst opening a premier restaurant on the main quay. The town has a wide variety of services and facilities both business and leisure and there are outlets for both Tesco and Lidl within the town. The property for sale is a substantial double fronted freehold investment property located between the towns busy High Street and the popular harbour, sea front and Landmark Theatre. The property is over four floors with on the ground floor a double fronted shop to the front and Flat 1, a double bed flat to the rear. On the first floor a double bedroom flat and on the second floor 2 further double bedroom flats. Below a large basement unit that is currently in need of refurbishment. The property has a potential gross income when all let in order of £25,000 per annum. Externally, to the rear is a level gravelled area and a fire escape.
Viewing by appointment through the Agents, Phillips Smith & Dunn on 01271 327878 or through Michael Challacombe on 07970 445204.
Method of Offering
The property is to be offered by Public Auction, unless sold, on Friday 11th November 2016, at The Barnstaple Hotel, Braunton Road, Barnstaple EX31 1LE
Please note that any person buying or bidding at auction must produce documentation to confirm their name and residential address. These documents will be requested at the time of registration and, if you are successful, copies will be taken for our reference. The Bidders registration form is included within our auction catalogue.
Buyers Administration Fee
In addition to the deposit payable upon exchange of contracts, purchasers will be required to pay a buyers administration fee of £300 (three hundred pounds) (including VAT) which can be paid by separate cheque or added to the deposit.
Guide prices are provided as an indication of each seller's minimum expectation. They're not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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 of no more than 10% above a single figure guide.
The reserve offered subject to a reserve price. The Auctioneers reserve the right to bid on behalf of the vendors or to withdraw the property from auction in the event of it not reaching its reserve.
Special Conditions of Sale
The particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale but in case of any inconsistencies the provisions of the latter shall prevail. If not attached to these sale particulars, copies of the special conditions of sale shall be obtained either from the vendors solicitors or the auctioneers. It is assumed that the purchaser has made all the necessary enquiries prior to auct6ion.
North Devon District Council 01271 388288
Slee Blackwell, 2 Lime Court, Pathfields Business Park, South Molton, Devon, EX36 3LH - Brett Lawrence - 01769 573711
Approaching Ilfracombe on the A361 as though from Barnstaple enter the town and proceed into the busy High Street. Proceed towards the far/eastern end and there left into Fore Street the property then being on the left hand side within 100 yards or so.
More information from this agent
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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 Phillips, Smith & Dunn, Barnstaple on 01271 327878.
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