LOT
14
Sold for £266,000
A three storey period property set in a favoured location within Penzance. The property has been converted into three one bedroom apartments and two studio apartments. To the rear is a communal courtyard area. Nancothan House has proved to be a reliable residential lettings venture over the years generating an income of approximately £25,440 PAE when fully let. The property is likely to appeal to an investor as a continuing income or a break up and re-sale opportunity.
Alexander Road is situated on the sought after seaward side of Penzance, just a short distance from the promenade which is conveniently located in close proximity to the town centre facilities and amenities.
Entrance hallway. Inner hallway. Communal storage area and access to the courtyard at the rear. Apartment one which contains a lounge, bedroom, kitchen and bathroom. Half landing to apartment two from the first set of stairs. Apartment two features a hallway, open plan living/bedroom, kitchen and bathroom.
Landing leading to apartments three and four. Apartment three features a hallway, lounge, bedroom, kitchen and bathroom. Apartment four contains an open plan living/bedroom, kitchen and bathroom.
Landing area leading to apartment five which features internal stairs to a landing area, kitchen, open plan living/bedroom and bathroom.
To the rear of the property is an enclosed communal courtyard. To the front is a walled frontage.
Energy Efficiency Ratings as follows:
Flat 1 - E. Flat 2 - F. Flat 3 - E. Flat 4 - E. Flat 5 - D.
Lucy Fuller
Strictly by appointment only with Miller Countrywide Penzance 01736 364260. General enquiries Countrywide Property Auctions 01395 275691.
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.
Nancothan House, Alexandra Road, Penzance, Cornwall TR18 4LX
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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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