LOT
80
£475,000+*
Guide price (+ fees)
A fabulous opportunity to acquire a semi detached period property in Carbis Bay, having been recently converted to a high standard and now comprising of four fully self contained and individually metered apartments, three having glorious sea views, communal garden to the front of the property and land currently used as multiple car parking spaces to the rear of the property, possibly with plot potential subject to any requisite consents. Three of the apartments are currently let on assured shorthold tenancies, generating an income of £2,850 pcm/£34,200 pae, with the first floor flat being vacant and offering the potential for a home with income, or a combined residential lettings venture when fully let of circa £48,000 per annum.
Carbis Bay offers beautiful sandy beaches and access to the coastal path, with regular public transport links to the nearby seaside town of St Ives, offering a wealth of art galleries, restaurants and bespoke shops.
Entrance hall, lounge with sea views, kitchen, two bedrooms and shower room. Currently let and generating an income of £1,150 pcm/£13,800 pae.
Entrance hall, lounge/kitchen/diner with sea views, two bedrooms and shower room. Currently vacant and having planning permission in place for a roof top amenity balcony.
Entrance hall, lounge/kitchen/diner with sea views, bedroom, shower room and utility room. Currently let and generating an income of £950 pcm/£11,400 pae.
Entrance hall, lounge/kitchen/diner, bedroom and shower room. Currently let and generating an income of £750 pcm/£9,000 pae.
Strictly by prior appointment with Miller Countrywide St Ives 01736 797331. General enquiries Countrywide Property Auctions 01395 275691.
Flat 1 - EPC D
Flat 2 - EPC E
Flat 3 - EPC D
Flat 4 - EPC C
Flat 1 - TBC
Flat 2 - TBC
Flat 3 - TBC
Flat 4 - TBC
The council tax bands to be allocated to the individual flats is currently under review by the Valuations Office and are yet to be confirmed. The building overall is on a temporary band B rating.
The individual flats can only be utilised for residential use and not for holiday lettings/second home use. Interested parties must make and rely upon their own planning enquiries with regards to any development potential within the car parking area.
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.
Ocean Heights, St. Ives Road, Carbis Bay, St. Ives, Cornwall TR26 2SB
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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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