Ferndale Road, Exeter, EX2

Guide price £55,000

**THIS PROPERTY IS BEING SOLD BY CONDITIONAL ON-LINE AUCTION** End date 20.08.2021 at 12.00pm A single storey, detached former workshop unit which has been upgraded to good quality offices with kitchen and shower room. Electric underfloor heating. Accessed by pedestrian footpath (no vehicular access). BCD

Agent's Note Planning permission was sought in 2004 for conversion to Residential which was refused. Buyers must make their own enquiries with the Planning Dept as to whether this situation has changed.

Energy Performance Certificate The property is exempt from requiring a Non-Domestic Energy Performance Certificate on the basis that it is a detached building with a total floor space under 50 square metres (source: https://www.gov.uk/energy-performance-certificate-commercial-property/exemptions)

Business Rates Information Rated as Workshop & premises. The rateable value being £3,050. (2017 list) Please note: this is not the amount you pay; qualifying business can apply for Small Business Rate Relief - see https://www.gov.uk/apply-for-business-rate-relief/small-business-rate-relief for more information. Or speak to Exeter City Council Business Rates Dept - 01392 277888

AGENT'S NOTE This property is being sold by conditional online auction and a non refundable reservation fee of £5000 or 3.5% + VAT applies (in addition to the purchase price). If you are the successful bidder, you will be charged the amount of £5,000 + VAT (£6,000), which will be processed online, immediately at the end of the auction, only if you are the successful bidder. You must pay any outstanding amounts of the reservation fee immediately at the end of the auction. You will then have 20 working days within which to exchange contracts, and a further 28 days to complete the purchase.Terms and conditions apply to the modern auction method of sale, which is operated by Bradleys Property Auctions.Definition of a guide price and a reserve price.Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. Aguide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.Reserve Price: the seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. Bids may be accepted by the system but the property will not sell if the bidding does not reach the reserve. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Directions
For Satnav: EX2 9BW The property is located in Ferndale Road, behind Ferndale Garage which faces towards Regent Street. The property is located down the footpath that runs down the right hand side of the garage.

EPC Rating

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Floorplan for Ferndale Road, Exeter, EX2