COMMERCIAL
Little Bickington Lane, High Bickington, Umberleigh
Guide Price
£415,000
- PROPERTY TYPE
Commercial Property
- BEDROOMS
13
- SIZE
Ask agent
Key features
- Online Auction DATE Wednesday 14th May 2025
- Investment Opportunity / Monthly Income £3,167.33
- Block of 6 Apartments over three floors
- 1 x 1 Bed - 2 x 3 Beds - 3 x 2 Beds
- Majority of Apartments currently Tenanted
- Constructed in 2012
- District Heating System fuelled by Biomass Boiler
- Subject to an affordable housing scheme and local occupancy restriction
- Council Tax Bands A & B
- Freehold
Description
An investment opportunity to purchase a block of 6 apartments, including the freehold. Subject to a section 106.
Method Of Sale - The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Wednesday 14th May 2025.
The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. The property can be accessed via our website - on the Auctions page.
Section 106 - The property is subject to a local occupancy restriction. Further details can be obtained via the sole selling agent.
Proof Of Identity - Under the Money Laundering Regulations 2017 it is a requirement for Estate Agents to perform due diligence checks on any person that intends to bid at auction. There will be a requirement for all bidders to register via the online sales site and complete the ID checks. There is no charge for registration.
Buyers & Administration Fee - The successful purchaser(s) will be liable to pay the sum of £5,000. From this a buyer’s fee of £2,400 inc VAT is retained by Stags/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.
An additional administration fee of £1,200 inc VAT will be payable by the successful purchaser immediately after the auction.
Auction Legal Pack - Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. Prospective purchasers will need to register with the Bamboo online platform in order to download the legal pack. It is the purchaser’s responsibility to make all necessary enquiries prior to the auction. Prospective purchasers are strongly advised to inspect the legal documentation, this will/may contain material information regarding the property, and to consult legal advice prior to bidding.
Deposit Payment - The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly. The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.
Definition Of Auction Guide And Reserve - Guide price(s) are an indication of the seller’s expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Guide prices may change at any time prior to the auction.
Special Conditions Of Sale - Particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale/auction information pack and in case of any inconsistencies the provisions of the latter shall prevail. Special conditions of sale/auction information pack is available online. It is assumed that the Purchaser will have made all necessary enquiries prior to the auction.
Services - Mains electricity, water and drainage. District Heating System fuelled by Biomass Boiler. Radiators and hot water tank with immersion heater.
Maintenance charge of £45.00 per month for the upkeep of the communal areas; including, parking, shared grounds, lighting, external window cleaning.
According to Ofcom, Ultrafast broadband is available at the property and there is the likelihood of coverage from several mobile phone networks. For more information please see the Ofcom website:
Viewings - Strictly by prior appointment with the vendor's appointed agents, Stags Barnstaple Office - or
Seller's Solicitor - Slee Blackwell Solicitors, 10 Cross Street, Barnstaple, Devon EX31 1BA. .
Tenure & Completion - The property is sold freehold with vacant possession on completion 28 working days after the auction or earlier by agreement.
Situation & Amenities - High Bickington is a thriving village with many amenities including; a well regarded primary school, public house, Church of England and Methodist Chapel, community shop, community centre, post office, two playing fields/parks, community woodland, allotments, golf club at Libbaton nearby and bus services. The Mole Resort, Golf Club is also within around 15 minutes’ drive and has facilities including swimming pools, gym, spa, tea room, restaurant etc. Umberleigh train station is within 3 miles and provides a regular service between Barnstaple and Exeter.
Description - An investment opportunity to purchase 6 apartments, including the freehold. The properties comprises on the ground floor, a one bedroom and a two bedroom apartment, on the first floor there is a two bedroom and a three bedroom apartment with a balcony. The second floor also has a two bedroom and a three bedroom apartment. Outside there is a communal drying area, bicycle parking and car parking spaces.
Rents applicable from 1st October 2024, are as follows:
2 bed ground floor disabled access flat - £514.59
1 bed ground floor flat - £386.94
3 bed first floor flat - £618.31
2 bed first floor flat – £514.59
3 bed second floor flat - £618.31
2 bed second floor flat – £514.59
A two bedroom mid terraced house is also being offered for sale on the development. Please contact us for more information.
The property is subject to a Section 106 for an affordable housing scheme and a local occupancy restriction, covering the following areas: High Bickington, Atherington, Yarnscombe, St. Giles in the Wood, Roborough, Ashreigney, Burrington, Chittlehampton, Chittlehamholt and some parts of Umberleigh.
APARTMENTS
14 Ridgeway Green
ENTRANCE LOBBY. LOUNGE/DINER with 2 sets of French doors to front with Juliette railings. KITCHEN AREA. OPEN PLAN HALLWAY leading to Bedrooms. BEDROOM 1. WET ROOM. AIRING CUPBOARD. BEDROOM 2. EN-SUITE SHOWER ROOM.
15 Ridgeway Green
Accessed via COMMUNAL ENTRANCE HALL. ENTRANCE LOBBY. BEDROOM. BATHROOM. AIRING CUPBOARD. OPEN PLAN LIVING/DINING/KITCHEN.
16 Ridgeway Green
(no description available at this time)
17 Ridgeway Green
A 1st Floor Apartment accessed via Service stairwell. ENTRANCE HALL. AIRING CUPBOARD. OPEN PLAN LIVING/DINING/KITCHEN ROOM. BEDROOM 1 with 2 sets of French doors with balcony. EN-SUITE SHOWER ROOM. BEDROOM 2. BEDROOM. BATHROOM.
18 Ridgeway Green
(no description available at this time)
19 Ridgeway Green
A 2nd Floor Apartment accessed via Service stairwell. ENTRANCE HALL. AIRING CUPBOARD. OPEN PLAN LIVING/DINING/KITCHEN ROOM. BEDROOM 1 with 2 sets of French doors with Juliette balcony. EN-SUITE SHOWER ROOM. BEDROOM 2. BEDROOM 3. BATHROOM.
Method Of Sale - The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Wednesday 14th May 2025.
The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. The property can be accessed via our website - on the Auctions page.
Section 106 - The property is subject to a local occupancy restriction. Further details can be obtained via the sole selling agent.
Proof Of Identity - Under the Money Laundering Regulations 2017 it is a requirement for Estate Agents to perform due diligence checks on any person that intends to bid at auction. There will be a requirement for all bidders to register via the online sales site and complete the ID checks. There is no charge for registration.
Buyers & Administration Fee - The successful purchaser(s) will be liable to pay the sum of £5,000. From this a buyer’s fee of £2,400 inc VAT is retained by Stags/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.
An additional administration fee of £1,200 inc VAT will be payable by the successful purchaser immediately after the auction.
Auction Legal Pack - Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. Prospective purchasers will need to register with the Bamboo online platform in order to download the legal pack. It is the purchaser’s responsibility to make all necessary enquiries prior to the auction. Prospective purchasers are strongly advised to inspect the legal documentation, this will/may contain material information regarding the property, and to consult legal advice prior to bidding.
Deposit Payment - The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly. The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.
Definition Of Auction Guide And Reserve - Guide price(s) are an indication of the seller’s expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Guide prices may change at any time prior to the auction.
Special Conditions Of Sale - Particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale/auction information pack and in case of any inconsistencies the provisions of the latter shall prevail. Special conditions of sale/auction information pack is available online. It is assumed that the Purchaser will have made all necessary enquiries prior to the auction.
Services - Mains electricity, water and drainage. District Heating System fuelled by Biomass Boiler. Radiators and hot water tank with immersion heater.
Maintenance charge of £45.00 per month for the upkeep of the communal areas; including, parking, shared grounds, lighting, external window cleaning.
According to Ofcom, Ultrafast broadband is available at the property and there is the likelihood of coverage from several mobile phone networks. For more information please see the Ofcom website:
Viewings - Strictly by prior appointment with the vendor's appointed agents, Stags Barnstaple Office - or
Seller's Solicitor - Slee Blackwell Solicitors, 10 Cross Street, Barnstaple, Devon EX31 1BA. .
Tenure & Completion - The property is sold freehold with vacant possession on completion 28 working days after the auction or earlier by agreement.
Situation & Amenities - High Bickington is a thriving village with many amenities including; a well regarded primary school, public house, Church of England and Methodist Chapel, community shop, community centre, post office, two playing fields/parks, community woodland, allotments, golf club at Libbaton nearby and bus services. The Mole Resort, Golf Club is also within around 15 minutes’ drive and has facilities including swimming pools, gym, spa, tea room, restaurant etc. Umberleigh train station is within 3 miles and provides a regular service between Barnstaple and Exeter.
Description - An investment opportunity to purchase 6 apartments, including the freehold. The properties comprises on the ground floor, a one bedroom and a two bedroom apartment, on the first floor there is a two bedroom and a three bedroom apartment with a balcony. The second floor also has a two bedroom and a three bedroom apartment. Outside there is a communal drying area, bicycle parking and car parking spaces.
Rents applicable from 1st October 2024, are as follows:
2 bed ground floor disabled access flat - £514.59
1 bed ground floor flat - £386.94
3 bed first floor flat - £618.31
2 bed first floor flat – £514.59
3 bed second floor flat - £618.31
2 bed second floor flat – £514.59
A two bedroom mid terraced house is also being offered for sale on the development. Please contact us for more information.
The property is subject to a Section 106 for an affordable housing scheme and a local occupancy restriction, covering the following areas: High Bickington, Atherington, Yarnscombe, St. Giles in the Wood, Roborough, Ashreigney, Burrington, Chittlehampton, Chittlehamholt and some parts of Umberleigh.
APARTMENTS
14 Ridgeway Green
ENTRANCE LOBBY. LOUNGE/DINER with 2 sets of French doors to front with Juliette railings. KITCHEN AREA. OPEN PLAN HALLWAY leading to Bedrooms. BEDROOM 1. WET ROOM. AIRING CUPBOARD. BEDROOM 2. EN-SUITE SHOWER ROOM.
15 Ridgeway Green
Accessed via COMMUNAL ENTRANCE HALL. ENTRANCE LOBBY. BEDROOM. BATHROOM. AIRING CUPBOARD. OPEN PLAN LIVING/DINING/KITCHEN.
16 Ridgeway Green
(no description available at this time)
17 Ridgeway Green
A 1st Floor Apartment accessed via Service stairwell. ENTRANCE HALL. AIRING CUPBOARD. OPEN PLAN LIVING/DINING/KITCHEN ROOM. BEDROOM 1 with 2 sets of French doors with balcony. EN-SUITE SHOWER ROOM. BEDROOM 2. BEDROOM. BATHROOM.
18 Ridgeway Green
(no description available at this time)
19 Ridgeway Green
A 2nd Floor Apartment accessed via Service stairwell. ENTRANCE HALL. AIRING CUPBOARD. OPEN PLAN LIVING/DINING/KITCHEN ROOM. BEDROOM 1 with 2 sets of French doors with Juliette balcony. EN-SUITE SHOWER ROOM. BEDROOM 2. BEDROOM 3. BATHROOM.
Brochures
Block Of 6 Apartments 8 Page Brochure.pdfLittle Bickington Lane, High Bickington, Umberleigh
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Portsmouth Arms Station2.0 miles
- Umberleigh Station2.3 miles
- Chapleton Station3.8 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference 33794551. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stags, Barnstaple. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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 Stags, Barnstaple on 01271 441158.
*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.”
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