House For Sale £275,000
Auction to End 28/02/2023 12:00
This is truly an exceptional offering with a wealth of potential and development opportunity all within walking distance of the sought after town of Wadebridge. This freehold building is currently split over three levels, offering versatile and vast space ripe for conversion. The property has a prominent retail/commercial premises offering a storage room and cloakroom with mains water connection and three phase electric and an additional ground floor room that is currently utilised as storage/ an office with a cloakroom too. The first floor is current leased as a successful restaurant and takeaway with a large kitchen area, bar and cloakroom. The second floor has the potential to be a spacious flat, subject to obtaining the necessary consents, enjoying stunning views over the Camel Estuary. As you can imagine this property demands a viewing to fully appreciate everything on offer and the true size of its potential.
Agents Note- Tiny Thai currently occupy part of the property and have five years remaining on their lease. For more information please give the office a call. Please note the business is not for sale.
Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
This is truly an exceptional offering with a wealth of potential and development opportunity all within walking distance of the sought after town of Wadebridge. This freehold building is currently split over three levels, offering versatile and vast space ripe for conversion. The property has a prominent retail/commercial premises offering a storage room and cloakroom with mains water connection and three phase electric and an additional ground floor room that is currently utilised as storage/ an office with a cloakroom too. The first floor is current leased as a successful restaurant and takeaway with a large kitchen area, bar and cloakroom. The second floor has the potential to be a spacious flat, subject to obtaining the necessary consents, enjoying stunning views over the Camel Estuary. As you can imagine this property demands a viewing to fully appreciate everything on offer and the true size of its potential.
Agents Note- Tiny Thai currently occupy part of the property and have five years remaining on their lease. For more information please give the office a call. Please note the business is not for sale.
Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
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