Commercial Property
A vacant, ground floor commercial premises in Hatherleigh, Devon.
A ground floor commercial premises situated in the heart of Hatherleigh, a popular market town located between Exeter, Okehampton, Bude and Bideford, in West Devon. Formally, the property was occupied by a restaurant/bar and comprised a dining area, kitchen, office and cloakroom. The property now remains vacant, offering potential for various uses, subject to the relevant consents. Market Street connects directly to High Street and Bridge Street in the centre of Hatherleigh and is host to a mixture of both residential and commercial premises, including shops, pubs, bars and eateries. There are good road links surrounding the area with the A386 easily accessible, providing a direct route to the A30 and to Okehampton Train Station.
These sales details are awaiting vendor approval.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Please be advised that key information regarding Water supply, Electricity supply, Sewerage arrangements, Heating supply, Broadband and Mobile Phone Coverage is currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
Leasehold. Vacant possession upon completion.
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Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
