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LOT
123

7 Lescudjack Road, Penzance, Cornwall TR18 3AD

Postponed
 

About this property

A fully licensed and well maintained end of terrace eight bedroom HMO, with accommodation set over three floors, situated in close proximity of Penzance town centre, the mainline railway station and having the benefit of sea views from the first and second floors. The property offers a tremendous investment opportunity, currently generating £35,040 pae, with the potential for rooms 7 & 8 to be individually let in order to provide an income of circa £40,000 pae.

Addendum To Printed Catalogue

This property has been postponed.


Situated

Lescudjack Road enjoys an elevated position in close proximity of Penzance town centre, the mainline railway station & the A30, offering glorious sndy beaches, along with the Promenade and Lido. Penzance is a thriving coastal town, offering a range of bespoke shops, art galleries, cafes and recreational facilities.

Ground Floor

Entrance porch, hallway, communal sitting room, kitchen, shower room, boiler room, bedroom one with en-suite shower room, bedroom two.

First Floor

Landing, four bedrooms, bathroom and separate WC.

Second Floor

Landing, two bedrooms and storage room.

Outside

Courtyard garden and bin storage.

Viewings

Strictly by prior appointment with Miller Countrywide Penzance 01736 364260. General enquiries Countrywide Property Auctions 01395 275691.

EPC Rating

E

Council Tax Band

D

GET READY TO BID BY VISITING THE AUCTIONEERS WEBSITE

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.

7 Lescudjack Road, Penzance, Cornwall TR18 3AD

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* 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.

Buyers Fee

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.

Legal Packs

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).