Sold prior to auction, for an undisclosed amount

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Freehold 3 storey building comprising 3 x 2 bedroom maisonettes (one sold off) each with a private garden, let producing £15,600 pa + ground rent.

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Description/Location

Situated in a tree lined road to the south of the town centre the property is arranged as 3 self contained maisonettes across the lower ground, ground and first floors. The ground and first floor maisonettes are let on assured shorthold tenancies at a rent of £650 p.c.m each. The lower ground floor flat has been sold on a 999 year lease from 2007 at a ground rent of £25 p.a. and a service charge of £600 p.a.

Tenure

Freehold

Local Authority

Cornwall Council 0300 1234 100

Viewing

Network Auctions - 020 7871 0420

Accommodation

Flat 1, LGF: 55 sqm, energy rating D - Open plan living room/kitchen, 2 bedrooms, bathroom, garden to the rear. Flat 2, GF 56 sqm, energy rating D - Open plan living room/kitchen, 2 bedrooms, bathroom, garden to the rear. Flat 3, FF 52 sqm, energy rating C - Open plan living room/kitchen, 2 bedrooms, bathroom, garden to the rear.

Rent

Rent £15,625 p.a

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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.