LARGE VACANT COMMERCIAL PROPERTY

A large and prominently located two storey former bank premises now for improvement but offering huge scope and potential to create a high-yielding rental investment. The property, which is on the edge of the Anchor shopping centre, will appeal to investor landlords and business occupiers alike but also those from the residential sector may have an eye on some form of conversion, subject to all the necessary consents being obtainable. ACCOMMODATION (all areas and dimensions are approximate and are measured on a net internal basis unless otherwise stated) Ground Floor 165.7 sq m 1783.59 sq ft First Floor 128.6 sq m 1384.25 sq ft Total: 294.30 sq m 3167.85 sq ft LOCATION Kingsbridge is the shopping/business and cultural hub of the South Hams and is also an important tourist destination. The town benefits from a resident population of 5,800 and attracts consumers from the surrounding villages. The resident population increases during the summer months with an influx of tourists and second home owners. Kingsbridge is approximately 20 miles east of Plymouth, 40 miles south-west of Exeter with the Devon Expressway (A38)approximately 12 miles north-west of the subject Premises. TENURE Freehold with vacant possession. RATEABLE VALUE We understand that the property is shown in the 2023 Rating List as having a rateable value of £16,500. Guidance can be obtained at www.voa.gov.uk. EPC Rating: D80. WHAT3WORDS fended.grove.inquest 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, planning 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 at www.247propertyauctions.co.uk or contact us on 01395 247000 for up to date information. At the fall of the hammer contracts are exchanged and there is no going back!