Sidford

£375,000

Guide price

  • Bedrooms: 13
Development opportunity - Victorian industrial buildings with planning to convert into 3 unique homes & a new B1 unit in 0.67 acres (0.27 ha)

SITUATION

This unique development opportunity is set back from the main road and positioned on the edge of Sidford, just outside of the Regency town of Sidmouth. Located next to the cycle path, there is easy access into the town via The Byes.

The Regency town of Sidmouth, located along the stunning Jurassic Coastline in East Devon, is famed for its range of historic buildings, fine hotels, wide promenade and clean beaches. With a lively local community, the town supports a wide range of facilities including independent shops, banks, theatre, cinema and sports centre with swimming pool.

DESCRIPTION

Built in the Victorian era this substantial brick building and outhouses has full planning consent to convert into 4 unique homes looking over the Sid Vale. Operated at one time as a laundry, this former industrial building has a wonderful character and heritage that blends perfectly with a modern conversion and development.

The planning permission granted under ref 18/1169/FUL dated 18 January 2019 illustrates a conversion scheme with three homes in the main building, a live/work unit and a modern 1,593 sq ft space for B1 office use. Japanese Knotweed on the site, which is 3 years through a treatment program.

In all the site extends to approximately 0.41 Acres

Full plans can be downloaded from the EDDC planning website or the agents.

SERVICES

Private water from a borehole on site (although mains is thought to be nearby). Mains drainage connection. Mains electric and gas thought to be nearby. Purchasers to make their own enquiries.

BOUNDARY

A new boundary is to be erected by the purchasers within 28 days of completion.

VIEWINGS

Viewings strictly by appointment only after calling Stags. 01404 45885. Access will not be permitted without an appointment.

AGENTS NOTE

It is envisaged that a buyer would wish to change/improve the plans. The vendors (who live next door) are happy for buyers to make changes, subject to the necessary consents and maintaining the vendors privacy of the retained property.

DIRECTIONS

From the Rising Sun Crossroads, stay on the A3052 past the church on the left and immediately turn left into England's Close, this turns into Laundry Lane and the buildings are straight in front.

METHOD OF SALE

The property will be offered for sale by Online Traditional auction. The auction end date 20th October 5pm. 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.

BUYERS & ADMINISTRATIVE FEE - ONLINE AUCTION

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. This will be separately invoiced by Stags.

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.

DEFINITION OF AUCTION AND RESERVE

-Guide price is an indication of the seller's expectation.

-Reserve Price is 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.

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. 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 and to consult legal advice prior to bidding.

SOLICITOR ACTING

Cameron Evans-Grainger - Everys Solicitors, The Laurrels, 46 New Street, Honiton EX14 1BY

COMPLETION DATE

The completion date will be as dictated by the solicitor and included in the legal pack, likely to be 20 working days following exchange.

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 provision 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.

Arrange viewing 01404 758007

Stags - Honiton Sales

Bank House, 66 High Street, Honiton, Devon, EX14 1PS

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