* 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.
Property Auctions South West
2 Cotton Street
t. 01395 275 691
2 Cotton Street
Tel: 01395 275 691
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 £1,500 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).