Investment property in Devon to go under hammer

The freehold of a property in Barnstaple town centre has a freehold guide price of £160,000 to £170,000 at auction.

Located at 55 Boutport Street, it benefits from existing lets to a commercial occupier on the ground floor and residential tenant on the first floor.

It is among the lots in fourth sale of 2023 by regional land and property auctioneers Clive Emson. 

Senior auction appraiser David Henwood said: “This is an investment property for someone seeking to start or add to their portfolio.

“It is well located in a prime position in north Devon’s largest town and offers potential for enhancement of the roof space in order to extend the first floor flat, subject to the necessary consents.”

The ground floor commercial unit includes a waiting area, three additional rooms, WC and kitchenette.  There is separate access to the one-bedroom flat above.

It is being auctioned in arrangement with Midwinter Koval of Barnstaple.

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Holiday apartment set for auction

A top floor holiday apartment in a modern development in north Devon is going under the hammer.

The two-bedroom flat at Westbeach Resort Holiday Park Resort, near Westward Ho!, Bideford, has a leasehold guide price of £115,000 plus.

It is among the lots in fourth sale of 2023 by regional land and property auctioneers Clive Emson. 

Senior auction appraiser Russell Hawkes said: “This is a ready-made investment property on a modern development with sea views.

“It is close to Westward Ho! Beach and within easy reach of local shopping and amenities.

“We have been informed by the seller that income generated from the property between July 2021 and July 2022 was about £25,000.”

It has the remainder of a 125-year lease from February 2012.

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Devon development site on offer at auction

A former bank in Tiverton town centre with planning permission for 10 residential and commercial units is going under the auctioneer’s hammer.

The four-storey property at 29-31 Fore Street has a freehold guide price of £325,000 to £375,000.

It is among the lots in fourth sale of 2023 by regional land and property auctioneers Clive Emson. 

The property comprises a commercial unit most recently occupied by HSBC and a two-bedroom maisonette.

Planning permission has been given for conversion into two commercial units on the ground floor with four one-bedrooms flats above and a detached two-storey townhouse to the rear.

The planning approval also includes construction of a single storey terrace for three one-bedroom homes.

Senior auction appraiser David Henwood said: “This is a well-known building at the heart of Tiverton town centre.

“It comes to auction with the benefit of planning consent for a major regeneration scheme although there may be other schemes possible subject to the necessary consents.

“This is an exciting opportunity to breathe fresh life into a substantial building in the town centre.”

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Property and land for auction in Torbay

Land and property with potential in Torbay and south Devon are waiting to be snapped up at auction.

They are among the lots in the fourth sale of 2023 by the regional land and property auctioneers Clive Emson. 

A property previously arranged as four flats with a large cellar, courtyard and parking in Torquay has a freehold guide price of £125,000 plus.

Located at 125 Babbacombe Road, three of its apartments have been stripped for refurbishment while the fourth requires modernisation.

Senior auction appraiser Audrey Smith said: “This property has plenty of potential close to Babbacombe Downs, Oddicombe Beach and local amenities.

“We expect it to draw interest from builders and developers for post-works onward sale with potential for further subdivision or even reconfiguration into a family home, subject to the necessary consents.”

The property is being auctioned jointly with Winkworth of Dartmouth.

Also available is a garden plot and brick built store in the grounds of Denby House in Belle Vue Road, Paignton, with a freehold guide of £90,000 plus.

It has planning consent for demolition and construction of a two-bedroom, two story chalet with driveway access and a garden.

The lot is being auctioned jointly with Property Ladder of Paignton.

In Torquay, a top floor flat in Babbacombe Road has a leasehold guide of £40,000 plus. It has been partially renovated and is being auctioned with the remainder of a 999-year lease.

Winkworth of Dartmouth is joint auctioneer.

Also, going under the gavel is a bungalow at 14 Compton Road in West Charleton, Kingsbridge, with a freehold guide of £375,000 to £400,000.

Audrey said: “This is a rare opportunity to acquire a spacious three-bedroom bungalow.

“It stands in an elevated position in a popular residential area and has outstanding views of the Kingsbridge and Salcombe Estuary.”

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Clive Emson Auctioneers holds auctions eight times a year, with offices in Essex, Kent, Sussex, Hampshire and the West Country.

One of the top five property auctioneers in the UK, it has 134 lots on offer in its fourth auction of 2023, which ends on Thursday June 15.

Visit https://www.cliveemson.co.uk for more details.