Online auction

Freehold Mixed Use, Stoke Sub Hamdon, TA14 6PP

5 High Street, Stoke-sub-Hamdon, UK

Auction Starts

October 22, 2019 12:00 pm

Auction Ends

October 24, 2019 1:00 pm

(Unless Sold Prior)

  • To do so, please contact the auction team and put forward your absolute best bid. As you are asking the seller to close the auction early your offer should be very strong, at the top end or above the guide price. If all terms are agreed, the purchase will adhere to auction rules and terms of the sale.

Guide Price

£ 275,000

(Fees Apply)
The sale of this lot is subject to an auction administration fee, the greater of £2,500 + VAT or 1.75% +VAT of the purchase price

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  • Freehold
  • 6 Bedrooms
  • 3 Reception Room
  • 3 Bathrooms
  • Self Contained Upper Parts
  • Possible HMO
  • Recently Refurbished
Orchards Estates
01935277977

Orchard House, 17 North Street, Stoke-sub-Hamdon, TA14 6QR

  • Freehold
  • 6 Bedrooms
  • 3 Reception Room
  • 3 Bathrooms
  • Self Contained Upper Parts
  • Possible HMO
  • Recently Refurbished
Orchards Estates
01935277977

Orchard House, 17 North Street, Stoke-sub-Hamdon, TA14 6QR

5 High Street, Stoke-sub-Hamdon, Somerset, TA14 6PP

Guide Price - £275,000 +

A FREEHOLD MIXED USE WITH GROUND FLOOR RETAILS AND 3x TWO BEDROOM SELF CONTAINED FLATS ON UPPER PARTS.

 

Property Description

An exciting opportunity to purchase a portfolio of 3 flats and a shop in the heart of picturesque Stoke Sub Hamdon.  Offered as a freehold purchase with no chain.  This lovely character building was originally a bakery and now comprises three 2 bedroom flats and a shop unit previously used as a vets and prior to that a carpet shop. The 3 flats and shop are currently tenanted generating an annual income of £22,860, giving a yield of over 8%- an ideal for anyone looking to expand or create a portfolio.

 

Tenure

Freehold - See Legal Pack

 

Deposit Amount

If the reserve is met or exceeded when the auction ends, the successful bidder will be charged a 5% deposit (subject to a minimum of £5,000) and exchange of contracts will take place immediately. The deposit will contribute towards the purchase price.

 

Starting Bid and Reserve Price

*The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. The Reserve Price will only be disclosed once it has been met during bidding and not before. Reserve prices are subject to change up to the date of the auction. Please note that Lots may be withdrawn prior to the end of auction

 

Fees

Additional Fees / Costs / Charges MAY be payable by the buyer in addition to the purchase price. These MAY include sellers search costs/disbursements, reimbursement of sellers solicitors & auctioneers costs, outstanding service charge, ground rent payments, rent arrears / apportionment of rent, Value Added Tax (VAT), Stamp Duty, etc. and all prospective purchasers are advised to inspect the Legal Documents including the Sale Contract / Special Conditions and seek their own independent legal advice as to the full cost of purchasing a specific property.

 

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the property.

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