LOT
97
Sold After
Sold After
A unique opportunity to acquire a sizeable Grade II listed freehold investment property comprising of a ground floor shop with basement rooms and a shower room, three x two bedroom maisonettes currently utilised as student lets and fully let for the 2021 and 2022 academic years, the whole generating an income of £3,280 pcm/£39,360 pae. The upper floors maisonettes enjoy panoramic views of the estuary and harbour, with a private lawned garden area to the rear of the property.
The vibrant harbour town of Falmouth offers a super range of bespoke shops and galleries, cafes and restaurants, with regular passenger ferries from the Pince of Wales pier to Flushing and St Mawes, with a full range of marina facilities on North Parade.
The Gallery: Two viewing/display rooms with steps down to two storage rooms and a shower room.
Flat C: Accessed from Barracks Ope: External staircase leads to an open plan living/dining/kitchen area, steps down to two bedrooms and a bathroom.
Communal hallway with stairs rising to the first floor.
Flat A: First Floor: Entrance hall, sitting room, kitchen/diner. Second Floor: Two bedrooms and bathroom.
Flat B: First Floor: Entrance hall, sitting room, kitchen/diner. Second Floor: Two bedrooms and bathroom.
Private lawned garden area.
Strictly by prior appointment with Miller Countrywide Falmouth 01326 318181. General enquiries Countrywide Property Auctions 01395 275691.
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GUIDE PRICES & RESERVE PRICES
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 the case, 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. A guide 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. 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.
49 High Street, Falmouth, Cornwall TR11 2AF
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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 the case, 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. A guide 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.
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. 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.
You will also pay a Buyers Administration Charge, to the auctioneers of 1.35%+VAT of the purchase price subject to a minimum fee of £1,800 + VAT (unless otherwise stated in the property description in the catalogue or addendum).
You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees).
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