Description
An investment opportunity which comprises of a very well presented and maintained semi-detached dwelling situated within a favourable area of Shepton Mallet. The property provides well-proportioned living accommodation over ground and first floor levels, together with enclosed rear garden and an area of off-road parking to the side.
Constructed of part rendered brick/block cavity wall elevations under pitched clay tile roof. UPVC windows and doors throughout.
A video tour of the internal accommodation is available on request.
Tenancy
The existing tenant has occupied the property for in excess of 40 years with a current rent payable of £100 per week, exclusive of Council tax and utility bills. Landlord insures. No written agreement and the tenancy falls under the legislation of the Rent Act 1977, which provides security of tenure to the existing tenant. Interested parties are advised to seek professional advice and to satisfy their own enquiries with regard to any tenancy matters prior to bidding
Designations and Covenants
The property is not listed, nor within any conservation areas or AONB.
Registering to bid and Administration fee
Cooper and Tanner require all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1395 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased and applicable to all pre-auction sales. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.
Fees
Potential buyers should be aware that there may be additional fees payable to the Vendor’s solicitor on completion of the sale, details of which will be contained within the auction pack for each lot. At the launch of the property onto the market this information is not always available and so interested parties must refer to the auction pack and satisfy their enquiries.
Deposit
Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.
Viewing
To book on to one of the two scheduled viewing dates, please contact Cooper and Tanner 01458 834 288 (Option 2)
Local Council: Somerset Council
Telephone: 0300 303 8588
Council Tax Band: C
Services: We understand mains water, electricity, gas and drainage are connected. Purchasers must rely on their own enquiries regarding compliance, location of services and connections into them.
Tenure: Freehold subject to existing lease.
VAT: The purchase price is not subject to VAT
Solicitors: Mogers Drewett, Bath
Ethan Birtwistle acting.
Telephone: 01225 750 022
Completion
Completion has been set for 9th July 2026 or earlier by mutual consent.
Website tags: auction-property, june-auction
Simply fill out the form below or alternatively call us on 020 7839 0888
