LOT
88
Sold for £151,000
A sizeable mixed commercial/residential investment opportunity comprising of eight lock up retail units set within a secure shopping arcade, with a kitchenette and four cloak rooms/WC's, along with two one bedroom flats and a one bedroom maisonette requiring finishing works on the upper floors. Five of the units are currently let on a month by month basis, along with the two one bedroom flats currently giving an income of £24,960 pae, with the potential when fully let and refurbished of around £35,000 pae.
Callington town centre offers a selection of bespoke shops, a supermarket and superstore, with educational and recreational facilities catering for all age groups. Readily commutable to Tavistock, Plymouth and the picturesque Tamar valley with riverside walks and a railway station at the neighbouring town of Gunnislake.
Shopping arcade with 8 lock up retail units, kitchenette and four cloak rooms/WC's.
Accessed via a separate communal entrance hall located to the side of the property:
Flat 1: Entrance hall, sitting room, kitchen, bedroom and bathroom.
Flat 2 - Requiring finishing works: Entrance hall, bedroom and bathroom. Top Floor - Open plan lounge/kitchen/diner.
Flat 3: Entrance hall, sitting room, kitchen, bedroom and bathroom.
Strictly by prior appointment with Fulfords Tavistock 01822 616121. General enquries Countrywide Property Auctions 01395 275691.
Commerical - E
Flat 1 - E
Flats 2 & 3 - G
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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.
Pilgrims Way Shopping Arcade & Flats, 60 Fore Street, Callington PL17 7AQ
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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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