About this property

A SET OF SIX COTTAGES FOR SALE FOR THE FIRST TIME SINCE THE 18TH C. CURRENTLY GENERATING AN INCOME CIRCA. £41,984 PA.

A unique opportunity to acquire a portfolio of six cottages. The cottages were originally built on the edge of farmland and were believed to be used by the farm workers. Over the course of time they have varied in size and layout. Currently arranged as two sets of three cottages with a parking area in the centre of the properties. Each property benefits from its own garden area and achieves a combined rental income when fully tenanted of circa £41,984 PAE. The cottages are to be sold as one Lot, with tenants in situ as at the time of instruction.

Listed By

Property Auctions South West
Head Office
2 Cotton Street
Liverpool
L3 7DY

t. 01395 275 691
auctions@countrywide.co.uk

Full Description

Location

The hamlet of St Erth Praze is set a short distance from A30. Local towns within driving distance include Hayle and St. Ives. Train stations within a short driving distance from St Erth Praze are located in Hayle and St Erth. A retail shopping outlet centre is circa 3.4 miles from the property.

Accommodation

Number 2: End terrace cottage: Two bedrooms, lounge, kitchen and bathroom. Double glazing. Auction surveyor unable to inspect this property at the time of instruction. Rental income at the time of instruction: AST agreement for £600 PCM/£7,200 PAE. Energy Efficiency Rating - F.

Number 4: Mid terrace cottage: Three bedrooms, kitchen/diner, lounge, bathroom. Double glazing. Rental income at the time of instruction: AST agreement for £563 PCM/£6,756 PAE. Energy Efficiency Rating - F.

Number 6: End terrace cottage: Three bedrooms, kitchen, lounge, dining room, workshop, utility area, shower room. Double glazing. Rental income at the time of instruction: AST agreement for £520 every four weeks/£6,760 PAE. Energy Efficiency Rating - F.

Number 10: End terrace cottage: Three bedrooms, kitchen/diner, lounge, bathroom. Double glazing. Rental income at the time of instruction: Rental act of 1977 tenants for £576 every four weeks/£7,488 PAE. Energy Efficiency Rating - E.

Number 12: Mid terrace cottage. Two bedrooms, kitchen, lounge, bathroom. Double glazing. Rental income at the time of instruction: Rental act 1977 tenants for £260 every fourteen days/£6,760 PAE. Energy Efficiency Rating - F.

Number 14: End terrace cottage. Two bedrooms, kitchen, lounge, dining room, bathroom. Double glazing. Auction surveyor unable to inspect this property at the time of instruction. Rental income at the time of instruction: AST agreement for £585 PCM/£7,020 PAE. Energy Efficiency Rating - E.

Parking

Please note that there is a section of parking between the two sets of cottages which can be used by the current tenants in the properties. Number 6 has a parking space next to that property for its own use.

Auction Valuer

Lucy Fuller

Viewing

Strictly by appointment with Miller Countrywide Penryn at pre-arranged times, details of which are available by contacting the branch on 01326 377077. General auction enquires 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.

Photos
Map

2, 4, 6, 10, 12, 14 Calais Road, St. Erth Praze, Hayle, Cornwall

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Countrywide Property Auctions

Head Office
2 Cotton Street
Liverpool
L3 7DY

Tel: 01395 275 691

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* 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.

Buyers Fee

A successful purchaser will also be required to pay a Buyer's Administration charge of £750+VAT (£900 including VAT @ 20%) (unless stated otherwise within the property description in the catalogue) by cheque made payable to Countrywide.

Legal Packs

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).