Exeter Road, Exmouth

*** To be Sold via On-Line Auction 30th September '24 *** An exciting opportunity to acquire three flats that form the upper parts of this three storey end of terrace period property being located close to the town centre.

The property briefly comprises a generally well presented vacant first floor self-contained one bedroom flat long with two studio flats on the first and second floors respectively and both being let on assured shorthold tenancy agreements.

Auction Ending at midday 30th September 2024

Accommodation

Flat 1
Ground floor: Communal entrance hall with stairs leading to landing. Private flat entrance.

First floor: Landing, kitchen/living room, bedroom, bathroom/WC.

Flat 2
Privately accessed from rear external staircase.

First Floor: Kitchen/living room, bedroom with en-suite shower cubicle, cloakroom/WC.

Flat 3
Ground floor: Communal entrance hall with stairs leading to landing.

First floor: Private flat entrance, kitchen /living room with en-suite shower, cloakroom/WC.

Tenure
Leasehold with part vacant possession. Remainder of a 99 year lease dated from 25th December 1969. For further information regarding the lease, please refer to the auction legal pack.

Tenancy Information
First floor flat to rear: Let on an assured shorthold tenancy agreement with rents reserved of £475 per calendar month.

First floor flat to front: Currently unoccupied

Top floor flat: Let on an assured shorthold tenancy agreement with rents reserved of £525 per calendar month.



For further tenancy information, please refer to the auction Legal pack.For further information, please refer to the auction legal pack.

EPC Ratings
Full access to the EPC`s can be found by visitng www.epcregister.co.uk and searching the post code: EX8 1QF

All 3 flats (First Floor Flat, Rear Flat and Flat 2) are rated E

Important Information
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.

Auction Legal Pack & Finance
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. It is the purchaser`s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.

Price Information
Guides are provided as an indication of each Seller`s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide. Please check our website regularly at www.247propertyauctions.co.uk or contact us on 01395 247000 for up to date information. Following the fall of the hammer contracts are exchanged and there is no going back!

Auctioneers Note
We understand that there are only two leases for the three flats and therefore buyers must make and rely upon their own investigations in this regard.

Traditional Auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.

Pricing Information
The Guide Price amount specified is an indication of each seller`s minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.

Bamboo Auctions and 247 Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.

Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances

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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by 247 Property Auctions. All legal documents in relation to this property have been provided by the Vendor`s solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.

These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.

Directions
From our prominent Town Centre office, proceed into Rolle Street, passing The Strand and turning right at the roundabout into The Parade. This in turn leads into Exeter Road where the property will be found on the left hand side, past the Church, clearly identified by our For Sale sign.

Council Tax
East Devon District Council, To Be Confirmed

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.