Globe Court

1 bedroom maisonette with own entrance within a prominent Grade II listed building at the heart of the town. Kitchen/dining room with sleeping deck mezzanine, lounge, fitted shower room. Council Tax Band A. Leasehold. EPC Band B

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 4.30pm.
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 enjoying a prime central location on the corner of the High Street and Dowell Street at the heart 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.
There is a main line 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 - Globe Court is a grade II listed three storey historic Georgian building having been divided into a number of individual and interesting one and two bedroomed apartments. Each is fitted with gas fired central heating and designed to fit the unique character of this historic building. Apartments 1-5 are housed within the main building at first and second floor levels and accessed via a wrought iron external staircase to the rear of the building.

Apartment 7 - A character ground floor apartment accessed directly from the rear courtyard and cleverly architected with separate Living Room and Kitchen/Dining Room, the latter fitted with a range of units, electric cooker, hob and extractor with space for an automatic washing machine and upright fridge freezer.

There is a fitted shower room whilst stairs climb to a mezzanine double bedroom with character sloping ceilings and velux roof windows. A gas fired combination boiler serves the domestic hot water and central heating system.

Outside - There is shared forecourt/courtyard access to the rear of Globe Court. Parking can be found in the nearby Lace Walk public car park with annual permits available from East Devon District Council.

Services - Mains Electric, Gas, Water and Drainage. Council Tax Band: A.

Tenure - The apartments are available to purchase with a 999 year lease. Service charge to include building insurance and sinking fund for building repairs and maintenance. Apartment is currently £500 per annum plus a ground rent £50 per annum.

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 £700 - £725 pcm per calendar month with a gross yield of approximately 9.3 - 9.67%.

Directions - From Stags High Street offices proceed along the High Street in a westerly 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. Apartments 1,2,3,and 5 are arranged across the first and second floors whilst apartment 7 is part of a ground floor projection to the rear of the main building.

Proof Of Idenity - 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 & Adminstration 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 Auctions as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.
An additional administration fee of £1200 (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.

Searches - Please note the searches were carried out in July 2024.

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.