This GRADE II listed home is currently offices in the popular and prestigious SOUTHERNHAY area of Exeter. It has got planning to be a three-bedroom spacious family home with its own outside patio garden. Situated in the heart of Exeter, it is perfect for work and leisure. It is light and airy with high ceilings and large sash windows. It has its own outside patio area, parking space and bike storage.
The location is right in the heart of Exeter in the prestigious SOUTHERNHAY area. A short walk to the cathedral and river as well as bars restaurants and shops. Everything that Exeter has to offer. Urban living at its best.
Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing 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 of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This 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 complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Entrance Hallway
Main entrance into hall, stairs to first floor, security alarm, doorstop.
Cloakroom
Sash window to front, W.C, wash hand basin, tiling, radiator
Lobby
13' 5" x 11' 9" ( 4.09m x 3.58m )
Radiator, under stairs cupboard
Reception Room One
18' 6" x 16' 7" ( 5.64m x 5.05m )
3 sash windows to rear, radiator, kitchen area, stainless steel sink, tiling, wall and base units, work surface,
Reception Room Two
10' x 7' 4" ( 3.05m x 2.24m )
Sash window to rear, radiator
Reception Room Three
10' 7" x 7' 3" ( 3.23m x 2.21m )
Two sash windows to front, radiator
First Floor Landing
2 sash windows to rear, radiator, loft access, storage cupboard
Bedroom 1
11' 4" x 10' 4" ( 3.45m x 3.15m )
Sash window to front, radiator
Bedroom 2
15' x 11' 4" ( 4.57m x 3.45m )
2 Sash windows to front, radiator,
Bedroom 3
11' 8" x 9' 8" ( 3.56m x 2.95m )
Sash window to front, radiator
Shower Room
Shower cubicle with electric shower, radiator, tiling,
W.C
Low level WC, wash hand basin, radiator, tiling
Loft
Large Loft with 'Velux' windows
Rear Garden
Patio, established trees and shrubs, boundary wall
Communal Areas
Bike Store & Bin Store
Parking
1 allocated parking space at front
Agent's Note 1:
This property does not pay Council Tax. It pays business rates as it has been classed as a commercial building. A planning application has been approved to change the use from offices to a family home.
Planning Reference: 23/1021/FUL
Alternative Reference: PP-12112649
Business Rates 2023/24 for the office and car parking space: £2388.08
Agent's Note 2:
The property is opted to tax, and the price is excluding VAT. However, the vendors will accept a certificate (VAT1614D) to disapply the option to tax from the buyer if the buyer intends to convert the property to a dwelling.
In order for your option to tax to be disapplied, the buyer MUST issue the sellers with a signed certificate VAT1614D before the sale completes. The form can be found here https://assets.publishing.service.gov.uk/media/5a7f1cdee5274a2e8ab4a310/vat1614d.pdf.
The effect of the disapplication of the option to tax is that the sale of the building will be exempt from VAT.
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