FOR SALE BY ONLINE AUCTION – AUCTION DEADLINE DATE WEDNESDAY 9TH OF JULY 2025 AT 12PM LOCATION

In a prime tourist holiday hotspot that attracts thousands of tourists every year. This pedestrianised thoroughfare is lined with independent retailers, gift shops and eateries connecting the top of the street down to the harbour. This is the main shopping street in Lynmouth and is car-free, allowing pedestrians to freely explore the shops and cafes. The village stands where the East and West Lyn Rivers meet and meander down to the sea.

THE PROPERTY

This is a mid-terraced commercial shop with living quarters over. Freehold properties of this nature rarely become available in Lynmouth. Offered for sale as a 4 bedroom apartment in need of modernisation above a self-contained lock-up shop of about 680 sq ft plus stock rooms above the rear retail area, shop and stock rooms currently let on a month to month basis at a monthly rental of £916.67 trading as an art gallery. The vacant apartment is approached from the rear at first floor level via a shared pedestrian pathway via Granny's Lane and benefits from a large patio with decking and a conservatory. There are sea glimpses across the rooftops from the upper floor bedrooms.

SERVICES

All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting https://checker.ofcom.org.uk VAT We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

VIEWING

Strictly by appointment through the selling agents.

RATEABLE VALUE

£9,900 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

COUNCIL TAX BAND A

LEGAL ADVICE

We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.

PLANNING

It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.

TRADITIONAL ONLINE AUCTION INFORMATION

Please note: this property is for sale Via Webbers traditional online auction powered by Bamboo Auctions. This means that exchange will occur when the online timer reaches zero (provided the seller's reserve price has been met or exceeded). The winning buyer will be legally obliged to purchase the property at this price. Auction end date and time: TBC The auction registration process is simple and free. Please head to our website (Webbers.co.uk) and click on the ‘auctions’ tab. From here you can create an account, download the legal pack and complete the steps to bid if you wish.

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. Where there is a conflict between the fees stated in the particulars, the bid information box 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.

BUYER’S PREMIUM & OTHER CHARGES

The winning buyer is charged a sum of £5,000. From this a buyers fee of £3,960 (including VAT) is retained by Webbers/Bamboo Auctions as a contribution towards online platform costs and £1,040 is payable towards the purchase price. On completion the Buyer will pay the sum of £x (including vat) to the Seller’s solicitors in reimbursement of search fees. Pre-Auction offers Some Vendors may consider offers prior to the auction. These offers can only be submitted via 'agents name' and under auction conditions. The complete legal pack would need to be inspected before an offer would be considered. Please get in touch if you have any questions regarding Online auctions or would like to arrange a viewing.