MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT PROPERTY
3 Fore Street, Torpoint, PL11 2AA
- 12
Key features
Guide Price: *
£130,000
Fees apply
Buyer's fee:£2,400
All fees include VAT at 20%
Holding Deposit: *£2,600
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£129,000Bid history
3 bidsNThis is an automatic bid as the bidder has set a maximum bid for this lot
03/11/2022 13:47:45 - £129,000
H
03/11/2022 13:07:46 - £127,000
S
03/11/2022 12:43:02 - £125,000
The property comprises the vacant ground and garden-level retail and commercial accommodation whilst there is a two bedroom maisonette above that is let with rents reserved of £575pcm.
TENURE
Freehold with part-vacant possession
TENANCY SCHEDULE
Residential maisonette; Let on an Assured Short-hold Tenancy basis with rents reserved of £575pcm.
EPC
Commercial rating; E.
Residential rating; D.
ACCOMMODATION
COMMERCIAL
Ground floor; Main retail area.
Lower ground floor; Kitchen, office, cloakroom/WC.
RESIDENTIAL
First floor; Landing, kitchen, living room/dining room, family bathroom.
Second floor; Landing, two bedrooms.
OUTSIDE
Garden to the rear of the property which would beneift from landscaping and formalisation.
IMPORTANT INFORMATION
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.
AUCTION LEGAL PACK & FINANCE
Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.
Summary
- Auction end
- 3rd Nov at 14:00
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- 2
- Bathrooms
- 1
- Council tax band
- Ask Agent
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and 247 Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by 247 Property Auctions. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
