New Street, Torrington, Devon, EX38

Situated on the popular New Street in Torrington, this substantial and highly individual terraced property offers a rare and exciting opportunity, combining generous living space, off street parking and significant potential for improvement or redevelopment.

The ground floor is notably quirky and versatile, with the front portion currently arranged as commercial space. The remainder of the ground floor comprises three one bedroom flats. Although the flats are currently uninhabitable, they offer excellent scope for refurbishment, reconfiguration or investment, subject to the necessary consents. The ground floor also benefits from a large car port providing valuable off street parking, which is a rare feature on New Street, along with extensive storage running the full length of the property. To the rear there is a small courtyard garden, providing a low maintenance outdoor space. And also provides individual access to the three flats.
The main residential accommodation is located on the first floor, where the current vendor resides. This level is spacious, well presented and full of character, offering four well proportioned double bedrooms, along with both a family bathroom and a separate shower room. The large sitting room features attractive exposed beams, creating a warm and inviting living space.

The kitchen is well appointed and connects directly into the dining room, making it ideal for both everyday living and entertaining. From the kitchen there is further access into a separate utility room, adding to the practicality of the layout.

A particularly appealing feature is the generous external terrace, which provides excellent outdoor space for seating and entertaining. External stairs lead directly down from the terrace to the ground floor flats.

Located in a central and convenient position within Torrington, the property offers exceptional flexibility and would suit a range of uses, including a substantial family home, mixed use investment or redevelopment opportunity. With its size, character, off street parking and outdoor space, this is a rare opportunity to acquire a terraced property of this nature on New Street.

TRADITIONAL ONLINE AUCTION INFORMATION
Please note: this property is for sale by traditional online auction. This means that exchange will occur when the online timer reaches zero (provided the seller's reserve price has been met or exceeded). The winning buyer will be legally obliged to purchase the property at this price.

PRICING INFORMATION
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount. Webbers and Bamboo Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail. Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.

BUYER’S PREMIUM & OTHER CHARGES
The winning buyer is charged a sum of £5,000. From this a buyers fee of £3,960 (including VAT) is retained by Webbers/Bamboo Auctions as a contribution towards online platform costs and £1,040 is payable towards the purchase price. On completion, the Buyer will reimburse the Seller’s solicitors for a proportion of the search fees (including VAT), calculated based on the number of lodges sold at auction. The buyer will be required to reimburse the seller for an apportionment of the costs of sewerage and bin services provided to the 5 lodges.

SELLER’S SOLICITOR
Emma Pearce - Coodes Solicitors, 4 Bodmin Street, Holsworthy, Devon, EX22 6BB emma.pearce@coodes.co.uk Tel: 01409 253425

TENURE
Freehold.

SERVICES
Mains water, drainage and electric.

VIEWING
Strictly by appointment through the selling agents.

LEGAL ADVICE
We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.