Globe Court, Dowell Street, Honiton

Sale by Online Auction. Fantastic yield. Well presented and spacious top floor apartment in the heart of the town. Leasehold. Council Tax Band A. EPC Band C

Method Of Sale - The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Thursday 3rd July 2025 at 4pm.
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 - stags.co.uk on the Auction Page.

Situation - Globe Court is an imposing Grade II listed three storey building of rendered elevations under a slate roof, enjoying a prime central location on the corner of the High Street and Dowell Street at the heart and conservation area of the market town of Honiton.

Honiton offers a range of amenities including Tesco, Aldi and Lidl supermarkets, an out of town retail park and a diverse and interesting range of independent shops including many antique, bookshops and a twice weekly street market. Mainline rail link for direct trains to London Waterloo and Exeter. The A30 dual carriageway provides quick access to Exeter and Exeter regional airport.

The Regency town of Sidmouth along with popular beaches of Branscombe, Seaton and Lyme Regis are within easy driving distance. Taunton, the County Town of Somerset, lies to the north east and provides a wide range of cultural and educational facilities as well as mainline station on the London (Paddington) line.

Description - This two bedroom apartment it situated in the heart of Honiton. There is an external staircase to the rear which rises to the second floor 'gantry/external landing' with private entrance door into the apartment. Entering the hallway, there are rooms off of to include the shower room with double walk in shower. Open living accommodation with modern fitted kitchen and two bedrooms. Being sold with no onward chain.

Outside - There is no allocated outside space or parking with the property however Lace Walk Car Park lies on the opposite side of Dowell Street for which annual permits are available from East Devon District Council.

Services - Mains electric, gas, water and drainage, Council Tax Band A

Tenure - The property is held on a long leasehold until 3016, with a share of the freehold, which forms part of a management company. The property pays about £500 per year maintenance and ground rent, with a 10% share of the costs of maintaining the property.

Residential Lettings - If you are considering investing in a Buy To Let or letting another property and require advice on current rents, yields or general lettings information to ensure you comply, please contact a member of our lettings team on .
 
This property has been let by Stags for a number of years. Estimated rental value of £800 - £825 pcm per calendar month with a gross yield of approximately 9.6 - 9.97%.

Directions - From Stags High Street offices proceed down the High Street in an easterly direction. At the traffic lights turn right into Dowell Street, and the entrance to Globe Court can be found immediately on the left hand side. Apartment 1 can be found at the top of the stairs.

Proof Of Identity - Under 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 And Administration Fees - 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.

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.

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.

Solicitor Acting - Alison Lock - Scott Rowe Solicitors
36A Fore Street, Chard, TA20 1PT


Completion Date - Completion date will be 6 weeks after 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.