Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £450,000 Auction Date 17/12/2024 at 1pm
Fantastic location just 200 yards from the sea is this deceptively spacious guest house with car park.

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £450,000
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

A fantastic opportunity to purchase this deceptively spacious 8 bedroom (7 en-suite) guest house in this popular seaside coastal village, on the doorstep of Exmoor National Park and South West coastal path.

From the property Combe Martin Bay is within just a couple hundred yards which is popular with both kayakers and holidaymakers, There are a range of facilities just beyond within the village including pubs, shops and restaurants.

The property is currently arranged with a private lounge, bedroom with en-suite and office as owners accommodation. The main accommodation is arranged as 8 guest bedrooms with 7 en-suite and one which has its own separate bathroom on the landing.
For guests there is a lounge, bar and breakfast room and well equipped kitchen to the rear.

To the rear of the property is a covered area with space for washing machine and additional store. In addition is a first floor outside decked area which makes a great sun terrace for al-fresco dining.

Just a short distance from the property itself is a large private 8 space car park which also has 2 single garages and open fronted double car port.

AGENTS NOTES:
The business has been trading for approximately 14 years and run by the couple who own the property, they are selling due to retirement.

The property is part council tax being band ‘A’ for the owners accommodation, The remainder of the property is on business rates as well as the car park. Small business rate relief (100%) may apply as the ratable value (3,800) is below £12,000 threshold. We understand there are business rates payable on the car park of circa £250 per annum.

We understand the property is EPC band ‘B’ further details will be within the auction pack via Pattinsons web site.

All main services are connected. The property benefits from having solar panels which we understand are fully owned by our vendors. This gives reduced electricity costs and approximately £2000 back from the feed in tariff per annum.

We understand the current owners have not opted to charge Vat as income falls just below the threshold. They advise further scope to increase bookings by opening such times and Christmas and New Year. All interested parties should make their own enquiries of HMRC

Viewing strictly by appointment only via Douglas and Dean Estate Agents.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as ‘The Auctioneer’.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers? obligations and sellers? commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer.