56 Queen Street, Newton Abbot, Devon TQ12 2EW

The building is approximately 2,447 sq ft gross internal over ground, first and second floors, with a loft above.

The ground floor shop is let to Wellbeing in Action, a registered charity, on a periodic tenancy at a rent presently below market to reflect the tenant's charitable status. Let on a periodic year to year tenancy. We understand that notice has been served to the tenant and that the shop will be vacant upon completion. We refer bidders to the auction legal pack for details.

Flat 1 on the first floor is let on an assured periodic tenancy at £600 per calendar month.

Flat 2 on the second floor is available with vacant possession.

Two further parts of the building are vacant. The rear offices at the rear of the property has its own access from the rear and do not form part of the charity's lease. They are currently being used for temporary storage. They comprise two rooms with a kitchenette and w.c. and would potentially suit letting as a self-contained office suite at an estimated rent £350 per calendar month.

On the first floor, the bedsit has its own kitchen area (sink, water heater and base cupboards) and w.c. but no shower. Fitted out with one, it could potentially let at around £500 per calendar month, or alternatively it could be let as a small self-contained office at approximately £250 per calendar month.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of £2,700 inc. VAT

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.