Postponed till our next auction on Thursday 8th December 2022

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Freehold block of 5 flats (1 x 2 bedroom, 4 x 1 bedroom) with stunning views across Newquay Bay from upper floors. Let on ASTs producing £35,340 pa.

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Description/Location

A substantial 3 storey, semi detached building comprising 4 x 1 bedroom flats and a 2 bedroom flat. We estimate the current collective value of the flats is in the region of £680,000. The property is let on Assured Shorthold Tenancies producing a total rent of £35,340 p.a. The property also benefits from a driveway to the front and a rear garden. Great potential to increase the rental income through holiday / Airbnb short term lets.

Tenure

Freehold

Local Authority

Cornwall Council 0300 1234 100

Viewing

Network Auctions - 020 7871 0420

Accommodation

Flat 1: Living room/kitchen, bedroom, bathroom. Let on an AST for 6 months from 26/8/2022. Rent £430 pcm. Flat 2: Living room/kitchen, bedroom, bathroom, off road parking to the front, rear garden. Let on an AST for 6 months from 20/12/2021. Rent £750 pcm Flat 3: Living room/kitchen, bedroom bathroom. Let on an AST for 6 months from 20/09/2022. Rent £545 pcm Flat 4: Living room/kitchen, bedroom, bathroom. Let on an AST for 1 year from 21/07/2019. Rent £425 pcm Flat 5: Living room/kitchen, 2 bedrooms, bathroom. Let on an AST for 6 months from 17/08/2022. Rent £795 pcm

Rent

£35,340 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.