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House For Sale £600,000
Oakside, Main Street, Rye, East Sussex TN31


Description
For sale by traditional online auction, with bids invited by 1pm on June 24th 2021, is this rare and exciting opportunity to acquire this large detached period property, now offering vast potential, being located in the stunningly quintessential and sought-after village of Northiam.

Our Joint Auctioneers; The Letting Specialist will carry out viewings; call to arrange.

Stunning period buildings with potential

A rare and exciting opportunity to acquire this large detached period property, now offering vast potential, being located in the stunningly quintessential and sought-after village of Northiam.

This Listed property was previously an established care home and more recently has enjoyed a grant of planning consent for change of use into a combined residential dwelling & boutique Bed & Breakfast venture.

However with the sheer size and scale of both the main building and detached barn to the rear then perhaps investors may consider other alternative schemes and uses, such as residential conversion or wedding venue for example, subject to all the necessary consents being obtainable.

There is the added benefit with part of the property being let to a firm of Estate Agents and therefore receiving a useful income stream.
Tenure

Freehold with part vacant possession.
Tenancy

The Estate Office who occupy the adjoining shop are paying £6,000 per annum. Please refer to auction legal pack for further information.
Planning

A grant of planning consent was issued by Rother District Council on the 19th March 2019, under application number: 'rr/2018/2190/L' for the 'Change of use from care home (C2) into a residential dwelling and Bed and Breakfast (C3). Demolition of utility and kitchen extension and external and internal alterations to main building'.
EPC

The property is exempt.

Accommodation

Main building

Ground Floor; Reception hallway, multiple offices and reception rooms, utility annexe and cloakrooms/WC's.

First Floor; 10 bedrooms with 6 being en-suite.

Second Floor; 8 bedrooms with 4 being en-suite.
Commercial premises


Ground floor; Retail premises currently leased to a firm of Estate Agents.
Outside


Paved terrace to the front with the principal outside space being to the rear and provides plentiful off-street parking.

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 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 or contact us by phone for up-to-date information.

Following the fall of the hammer contracts are exchanged and there is no going back!

Auction Information

†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.

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