LOT
221
Sold Prior
* A substantial three storey, Grade II Listed mixed residential/commercial property with additional basement rooms.
* Currently comprising of 3 x two bedroom, two storey apartments and an art gallery with basement rooms
* Currently let and generating a modest gross income of £2680 pcm/£32,160 pae
* Enjoying views over the harbour and estuary from the upper levels
* Private garden to the rear
A superb opportunity to acquire a substantial and multi faceted property located in the highly sought after historic harbour town of Falmouth. The property currently comprises of three x two bedroom, two storey apartments with the two upper apartments enjoying glorious panoramic views over the harbour and estuary, the lower apartment enjoying a private lawned garden area accessed via Barracks Ope and an art gallery accessed from High Street with additional basement rooms below. Whilst already being a very attractive investment opportunity the property would also offer the opportunity for further residential conversion of the gallery and a break up and resale opportunity of the apartments, subject to any requisite consents, upon which interested parties must make and rely upon their own enquiries of Cornwall Council Planning Department.
The vibrant harbour town of Falmouth offers a superb range of shops, cafés and restaurants, with regular passenger ferries from Prince of Wales Pier to Flushing and St Mawes, along with the National Maritime Museum, and full range of marina facilities on North Parade. Falmouth was recently voted, once again, as one of the best places to live anywhere in the country by The Sunday Times and has a thriving student population.
Two viewing/display rooms with steps down to two storage rooms and a shower room.
Accessed from Barracks Ope: An external staircase leads to an open plan living/dining/kitchen area, with staircase down to two bedrooms and a bathroom.
Private lawned garden area. Communal hallway located to the right hand side of the gallery. Stairs rising to
Entrance hall, sitting room with views over the estuary, kitchen/dining room.
Two bedrooms and bathroom.
Entrance hall, sitting room with views over the estuary, kitchen/dining room.
Two bedrooms and bathroom.
Freehold subject to any tenancies which may be in place
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 & 49a 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.
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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