Lot 1 – 1 & 1A New Road, Ilminster

Guide Price: £150,000 - 170,000

Tenure: Sold by Auction

Call: (0)1278 458 241 Request details

Key Details

A great investment opportunity with this Grade II listed period building, currently split to provide two 2 double bedroom apartments with one currently being let on an assured shorthold tenancy. Both apartments require renovation and improvement  ***VIEWING SLOTS AVAILABLE VIA MAYFAIR TOWN & COUNTRY, CREWKERNE**

Location

The town offers an adequate variety of shops and supermarkets. There is a primary school.  For those that are looking to move to a great community there are groups and meetings of every kind. Craft and musical events at the Meeting House which also sports a day time cafe and art gallery, Theatre group with regular productions, Town Crier competitions, childrens carnival. Somersets famous Illuminated Carnival, Youth Club, Walking club, Mid summer Festival, Victorian evening, and so many more events.

Ground Floor

Entrance Hall

Airing Cupboard

Sitting Room 18′ 5” x 14′ 5” (5.61m x 4.39m) – Three windows to the front and side aspects.

Kitchen 11′ 8” x 5′ 0” (3.55m x 1.52m) – Window and door to the rear.

Bedroom One 18′ 1” x 8′ 3” (5.51m x 2.51m) – Window to the front aspect.

Bedroom Two 11′ 4” x 9′ 11” (3.45m x 3.02m) – Window to the rear aspect.

Bathroom – Bath, wash hand basin, WC.

First Floor – Let Apartment

Door to the side of the building, stairs up to:

Landing Area & Loft access

Sitting Room 18′ 1” x 12′ 6” (5.51m x 3.81m) – Windows to the front and side aspects, cupboard.

Kitchen 8′ 11” x 8′ 8” (2.72m x 2.64m) – Window to the rear aspect.

Bedroom One 12′ 4” x 10′ 1” (3.76m x 3.07m) – Window to the front aspect.

Bedroom Two 10′ 10” x 10′ 3” (3.30m x 3.12m) – Window to the front aspect.

Bathroom – Bath, wash hand basin, WC.

Outside

Rear courtyard storage area.

Agents Note

The property is registered as one address and it will be offered to the new owner to decide if to renovate it back to an impressive four bedroom home or to keep it as two apartments and improve them to provide an income, subject to any necessary consents and permissions.

Method of Sale

The property is being offered by Online Auction on Thursday 16th February 2023 with bidding starting from 8:00am ending at 6.00pm. Unless sold prior to auction.

Completion

28 days following the date of the online auction.

Registration

Tamlyns requires all bidders who wish to bid at our Auction to register online beforehand.   A commitment to a fixed Bidder’s Registration Fee of £3,000 including VAT must be confirmed on registration, comprising of £2,100 contribution towards the deposit plus the Auctioneer’s Buyer’s Administration Charge of £900 (£750 + VAT).  The Registration Fee is retained by Tamlyns at the fall of the electronic gavel if a bidder is successful. The fee will be returned to all unsuccessful bidders.  To register online to bid for this property please click the “bid now” button in the bottom right hand corner of the screen.

Money Laundering

As part of the Online Registration process before prior approval to bid will be granted, in order to fulfil responsibilities under the current Anti -Money Laundering Regulations, all prospective bidders will be asked to provide proof of identity.   Acceptable documents include: Passport , Driving Licence or Birth Certificate (at least one photo ID) as well as Council Tax or utility bill.  Further guidance will be provided at Online Registration.

Deposit

On conclusion of the auction, Tamlyns will invoice the successful bidder within 24 hours of the fall of the electronic gavel . A deposit of 10% of the purchase price, less the £2,100 deposit contribution taken at Online Registration.

Solicitors

McHale & Co Solicitors 19-21 High Street  Altrincham WA14 1QP 01619 283848 Rofaida White

Services

Mains water, drainage and electricity. Potential purchasers are advised to make their own enquiries.

Viewings

The property may be viewed at any reasonable time and with the tenants consent. The Selling Agents will be pleased to meet any interested parties on site by prior arranged appointment by calling us on 01460 74200 or Email Mayfair Town & Country – Crewkerne

Legal Pack

A Legal Pack will be available to view online. Alternatively, they can be obtained from the vendor ‘s solicitors, for which there maybe be a charge. Potential purchasers are deemed to have made all necessary enquires and purchase with full knowledge of the contact of the Legal Pack. A data room has been set up at the solicitors and interested parties are invited to register to access the information contained therein and make their own investigations.