Investment for sale in Crediton

AUCTION PROPERTY A unique opportunity located on the outskirts of the historic town of Crediton. This property benefits from a convenient location, providing easy access to local amenities, reputable schools, and the city of Exeter.

The site currently houses a former public house and offers significant potential for development. Planning has been granted for the conversion of part of the site into three residential dwellings. While the main building requires substantial structural renovations/repair, it presents an excellent opportunity for further development, subject to all necessary consents being obtainable.

This property is ideal for developers looking to invest in a growing area with a rich history and community feel.

Existing Accommodation
Ground Floor
Public bar area, restaurant/lounge bar, skittle alley, toilets and kitchen area.
First Floor
Owners accommodation with several bedrooms, kitchen and bathroom.
Outside
Large car park.

Planning
Planning Permission has been granted by Mid Devon District Council under ref: 21/01403/FULL dated 24th November 2022 for refurbishment of public house and conversion of outbuildings to the rear to 3 dwellings with associated amenity space, parking and pub garden.

A copy of the Planning Permission and accompanying documentation may be downloaded from the Local Planning Authority website, middevon.gov.uk. Tel; 01884 255 255.

Proposed Accommodation
Plot 1
Ground Floor
Hallway, open-plan living room/kitchen, utility and W.C.
First Floor
Bedroom and bathroom.

Plot 2
Ground Floor
open-plan living room/dining room/kitchen, utility and W.C.
First Floor
Three bedrooms (one with en-suite) and family bathroom.

Plot 3
Ground Floor
Open-plan living room/dining room/kitchen, utility and W.C.
First Floor
Three bedrooms (one with en-suite) and family bathroom.

Auctioneer's Note
Further information regarding the structural issues will be available in the legal documentation, available to download from the Clive Emson website.

Viewing
Interested applicants may view the property externally as it is deemed to be unsafe due to various scaffolding props, etc. However, an internal video walkthrough is available on the Clive Emson website.

Freehold with Vacant Possession

Important:
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, which will be available on the Auction Day.

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 (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/