LOT
83
Sold for £130,000
A one bedroom first floor flat requiring refurbishment/repair enjoying an elevated position in a no-through road, with far reaching panoramic views of the harbour, estuary, the Roseland Peninsula, along with Pendennis Castle and Keep from the bay window. The flat is one of four flats in this converted Victorian Villa, having the benefit of a 999 year lease which commenced in 2004 plus a quarter share of the freehold and management company. The property can be let on an assured shorthold tenancy basis but cannot be used for holiday lettings. Cash buyers only.
Pikes Hill is a no-through road, set between Gylling Street and Wodehouse Terrace, with on street parking available and just three streets back from the favoured waterside district of Falmouth, in proximity of the harbour, dockyard and Arwenack Street with a comprehensive range of bespoke shops, cafés and restaurants.
Communal entrance hall with stairs rising to the first floor landing.
Entrance hall, lounge/diner, galley kitchen, double bedroom and bathroom.
A copy of the building survey will be available within the legal pack. Whilst the damp and timber issues have been addressed and treatment has taken place to resolve these issues, there is evidence of some structural movement affecting the building, with remedial works estimated to repair the structure currently at circa £50,000, the cost of which would be divided equally between the four leaseholders.
The maintenance/service charge is £75 per month. Ground rent £10 per annum.
Strictly by prior appointment with Miller Countrywide Falmouth 01326 318181. General enquiries Countrywide Property Auctions 01395 275691.
EPC - E
A
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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.
4 Mount Wise, Pikes Hill, Falmouth, Cornwall TR11 3JS
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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.
A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,800 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.
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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