Withdrawn prior to auction

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Freehold building comprising ground floor retail unit with return frontage let and producing £12,500 pa increasing to £15,000 p.a. Residential upper parts (sold off) producing ground rent of £25 pa.

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Description/Location

The property occupies a prominent corner site and is held on a 7 year lease commencing November 2019. Current rent payable £12,500 per annum rising to £14,000 pa 11/2024 and £15,000 pa in 11/2025 for the remainder of the term. The upper flat is sold on a lease for 125 years from 31/01/1991 and produces ground rent of £25 pa.

VAT IS APPLICABLE TO THIS LOT

Tenure

Freehold
EPC rating C

Local Authority

Cornwall Council 0300 1234 100

Viewing

Please contact Charles Darrow Network Auctions on 01626 330022

Accommodation

Ground floor: Retail net internal area 574 sq.ft. Storage area to the rear, kitchenette and w.c.

Rent

Current rent £12,525 per annum

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.