Freehold Property With Leased Restaurant and Three Tenanted Flats

41 The Strand, EX8 1AH

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SOLD

Guide Price: *

£300,000

Fees apply

Reservation fee:4.2% (min. £6,000)

All fees include VAT at 20%

Auction Type:

Conditional

Sold for:

£383,000
Reserve met

Bid history

20 bids

M

15/10/2021 11:08:44 - £383,000

A

15/10/2021 11:06:39 - £380,000

M

15/10/2021 11:04:03 - £377,000

Description
Location
Floorplans
EPC
Legal docs
This property is being sold by conditional online auction, place a bid on www.bradleys-online-auctions.co.uk by 12pm on 15th October 2021. This Freehold property is currently fully tenanted with long term tenants so this is an ideal opportunity to purchase profitable on-going concern being offered with no on-going chain.
The Buyer and Seller agree that Clause R5.5 and R5.6 of the Reservation Contract shall be removed and shall not apply in relation to this Property. For the avoidance of doubt, the Buyer agrees that the Reservation Fee shall be non-refundable in all circumstances.

Summary

Auction end
15th Oct at 11:13
Property type
Commercial
Tenure
Ask Agent
Bedrooms
-
Bathrooms
-
Council tax band
Ask Agent

Summary

Auction end
15th Oct at 11:13
Property type
Commercial
Tenure
Ask Agent
Bedrooms
-
Bathrooms
-
Council tax band
Ask Agent

This property is being sold by:

Bradleys - Exmouth

Bradleys - Exmouth

01395 222300

33 Rolle Street Exmouth Devon EX8 2SN

Conditional auction

If the reserve is met or exceeded and the auction timer reaches zero, an exclusivity period begins in relation to that property. The successful bidder is contractually required to exchange on the property on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above). All properties sold by conditional auction are sold subject to a reservation fee which is clearly stated in the terms and conditions attached to the property and in the bidding box before a bid is placed. The reservation fee is payable in addition to the final purchase price and is received on a non-refundable basis, subject to the terms of the Reservation Agreement. To ensure that the successful bidder proceeds, the winning buyer is automatically charged a reservation fee and agrees prior to making their bid, to pay any outstanding amount of the property reservation fee immediately at the end of the auction. The auctioneer will be authorised to sign the reservation agreement on both the buyer’s and seller’s behalf. If by the seller’s act, exchange does not occur on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), the reservation fee shall be fully refunded to the buyer. If the buyer fails to exchange on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), they will forfeit the full amount of the reservation fee.Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.

* 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 Bradleys Online Auction 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 Bradleys Online Auction. 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.