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Lot 12
Guide Price: £150,000*

Auction Date: Thursday 5th September 2019

Auction Venue: Sandy Park Conference Centre, Exeter, Devon EX2 7NN

Auction Time: 13:00


24 & 24b St. Davids Hill, Exeter

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Addendum To Printed Catalogue

Revised Energy Efficiency Ratings: 24 - B 24b - C

Property Description

An opportunity to acquire a dual faceted commercial premises occupying a prominent corner position on St Davids Hill and currently comprising of a ground and basement floors self service launderette, with the upper floor currently leased as a hairdressing salon and generating £301 pcm/£3,612 pae. The property would lend itself to a variety of uses subject to any requisite consents upon which interested parties must make and rely upon their own enquiries of Exeter City Council.


Location

St Davids Hill is located in proximity of Exeter city centre, mainline railway stations at Exeter St Davids and Exeter Central and in turn the Guildhall shopping centre. There are excellent commuter links to the A30, A38 and M5. The vibrant cathedral city of Exeter offers excellent shopping, leisure and recreational facilities catering for all age groups.

Ground Floor

Main launderette area with 5 washing machines and 5 tumble driers being fitted self service appliances and a payment facility, currently generating circa £300 per week.

Basement

Currently housing boilers and floor safe, with WC facility and storage.

First Floor

Independently accessed self contained premises operating as a hairdressing salon, currently let at £301 pcm/£3612 pae.

Notes

Please refer to the legal pack regarding the existing tenancy agreement.

EPC

24 - Energy Efficiency Rating - TBC 24b - Energy Efficiency Rating - F

Auction Valuer

Wendy Alexander

Viewing Arrangements

Strictly by prior appointment with Fulfords Exeter 01392 252666. General enquiries Countrywide Property Auctions 01395 275691.


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* Guide Price

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve Price

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Buyers Fee

A successful purchaser will also be required to pay a Buyer's Administration charge:
Blundells Property Auctions - £950+VAT (£1140 including VAT @ 20%)
Sutton Kersh Auctions - £850+VAT (£1020 including VAT @ 20%)
Countrywide Property Auctions - £750+VAT (£900 including VAT @ 20%)
(unless stated otherwise within the property description in the catalogue) by cheque, bankers draft or debit card made payable to Countrywide.

Legal Packs

You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees).

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