Property for sale

Rolle Street, Exmouth EX8

Being sold at auction
A large three storey, mid-terrace, commercial investment property being located in the heart of the town centre. This property is currently let, with rents reserved of £1,000 per calendar month, although the tenant is now holding over, so some applicants may envisage alternative future residential or commercial schemes and uses, subject to all necessary consents being obtainable.
Property Auctions | Cornwall, Devon & Somerset | 247 Property Auctions — 247PropertyAuctions

accommodation

Ground floor: Main retail area.

First floor: Landing, lobby, reception, two offices.

Second floor: Landing, lobby, four offices.

Tenancy information

The property is let on a full repairing and insuring lease to ara Architects. The current rents reserved are £1,000pcm although they are now in a holding over period. We understand that the new proposed rent is £1,500pcm although this is not yet formally agreed.

EPC

Rating: D

///WHAT3WORDS

puns.lazy.pushed

mobile & broadband coverage

Broadband: Ultrafast available

Mobile: Likely inside. Likely outside.

Source:

Fees apply

Buyer's fee: £3,600

Admin fee: £600

All fees include VAT at 20%

Holding Deposit:
£1,400

Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional

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 or contact us on for up to date information. At the fall of the hammer contracts are exchanged and there is no going back!

Auctioneer notes
* Please check the auction pack and special conditions of sale in particular which may or may not detail additional charges or reimbursement costs being applicable.
247 Property Auctions
†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.