The Old Fire Station - South Molton

METHOD OF SALE

The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Tuesday 5th August 2025 at 5pm.

The vendors reserve the right to withdraw or alter the property for sale prior to the auction end date.

SITUATION

The Old Fire Station is situated in the traditional market town of South Molton, and is only a short walk to the town Square. South Molton offers a comprehensive range of amenities including schooling from nursery to secondary level, Sainsbury's supermarket, Post Office, pubs, cafes and an abundance of independent and artisan shops. The town also bustles when the popular twice-weekly and award-winning pannier market and weekly stock markets take place. The A361 bypasses the town and provides an excellent road link to Barnstaple and the North Devon coast to the west and the M5 and Tiverton Parkway train station (London Paddington 1h 57m) to the east.

DESCRIPTION

The Old Fire Station is of part stone, brick and timber framed construction with corrugated iron cladding and a corrugated (believed to be asbestos) roof. As the name suggests, the building used to be the town's fire station before it was relocated a short distance away along North Street. More recently it was used for general storage and has now fallen into some disrepair. The property site extends to approximately 1,275 sqft and offers offers considerable potential, whether for general storage/commercial use or for development (stp). Historical planning permission In 1992, the site had outline planning permission for demolishing the existing building and replacing with a 3 bedroom detached house. This permission has now lapsed. The approved plans provided for a hall, cloakroom, kitchen, utility and living/dining room on the ground floor with three bedrooms and a bathroom on the first floor. There was also provision for a garage and parking for one vehicle. North Devon Council Planning Ref: 12803.

SERVICES

We understand that mains water, electricity and drainage are connected to the site.

VIEWING

Strictly by confirmed prior appointment through the sole selling agents, Stags on 01769 572263.

DIRECTIONS

From Stags' office in South Molton Square, pass the office on your left and then take the immediate left turn into Duke Street, continue up the hill to the top of Duke Street and turn right onto North Street. The Old Fire Station will be clearly seen on the right. What3words Ref: headrest.newly.faces

PROOF OF IDENTITY

Under Money Laundering Regulations 2017 it is a requirement for Estate Agents to perform due diligence checks on any person that intends to bid at auction. There will be a requirement for all bidders to register via the online sales site and complete the ID checks. There is no charge for this registration.

BUYERS AND AMINISTRATION FEES

The successful purchaser(s) will be liable to pay the sum of £5,000 at the end of the auction. From this a buyer’s fee of £2,400 (inc VAT) is retained by Stags/Bamboo Auctions as a contribution towards the online platform costs and £2.600 is payable towards the purchase price. An additional administration fee of £600 (inc VAT) will be payable by the successful purchaser immediately after the auction.

DEPOSIT PAYMENT

The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly. The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.

LEGAL PACK

Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. Prospective purchasers will need to register with the Bamboo online platform in order to download the legal pack. It is the purchaser’s responsibility to make all necessary enquiries prior to the auction. Prospective purchasers are strongly advised to inspect the legal documentation, this will/may contain material information regarding the property, and to consult legal advice prior to bidding.

SOLICITOR ACTING

Crosse Wyatt Solicitors, 7 East Street, South Molton, Devon EX36 3BX Email: [email protected] Tel: 01769 572157

COMPLETION

The completion date will be 28 day from exchange as included in the legal pack.

DEFINITION OF AUCTION GUIDE AND RESERVE

Guide price(s) are an indication of the seller's expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. We expect the reserve will be set within the guide range or no more than 10% above a single guide figure. Guide prices may change at any time prior to the auction.

SPECIAL CONDITIONS OF SALE

Particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale/auction information pack and in case of any inconsistencies the provisions of the latter shall prevail. Special conditions of sale/auction information pack is available online. It is assumed that the Purchaser will have made all necessary enquiries prior to the auction.

IMPORTANT

Stags gives notice that: 1. These particulars are a general guide to the description of the property and are not to be relied upon for any purpose. 2. These particulars do not constitute part of an offer or contract. 3. We have not carried out a structural survey and the services, appliances and fittings have not been tested or assessed. Purchasers must satisfy themselves. 4. All photographs, measurements, floorplans and distances referred to are given as a guide only. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. 6. Whilst we have tried to describe the property as accurately as possible, if there is anything you have particular concerns over or sensitivities to, or would like further information about, please ask prior to arranging a viewing.

BUYERS AND AMINISTRATION FEES

The successful purchaser(s) will be liable to pay the sum of £5,000 at the end of the auction. From this a buyer’s fee of £2,400 (inc VAT) is retained by Stags/Bamboo Auctions as a contribution towards the online platform costs and £2.600 is payable towards the purchase price. An additional administration fee of £600 (inc VAT) will be payable by the successful purchaser immediately after the auction.

DEPOSIT PAYMENT

The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly. The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.