LOT
18

Land Adj To 1 St. Marys Terrace, Penzance, Cornwall TR18 4DZ

Sold for £88,000

About this property

An opportunity to acquire a residential building plot with planning permission already in place to build a four bedroom townhouse, set over three floors with the added benefits of a garden and parking, located on the seaward side of Penzance.

Addendum To Printed Catalogue

Please note the searches have been carried out on the whole of title CL145508 – only part of that property is being sold.


Location

St. Marys Terrace is located on the seaward side of the coastal market town of Penzance which provides excellent transport links to London Paddington and boasts the only seashore promenade in Cornwall alongside the open-air seawater Jubilee Bathing Pool, one of the oldest surviving Art Deco lidos in the country. Penzance is also home to the sub tropical Morrab Gardens, art galleries, cafes, restaurants and bars.

Planning

A Grant of Conditional Planning Permission was issued by Cornwall Council Planning Department, under application number PA17/11504, on the 15th March 2018 for 'Construction of new dwelling and associated works on land adjacent 1 St Mary's Terrace, Penzance. Demolition of 3.4m section of rear boundary wall'. Interested parties must make and rely upon their own planning enquiries of Cornwall Council Planning Department on 0300 1234 151.

EPC

Exempt

Auction Valuer

Lucy Fuller.

Viewing

Strictly by appointment only with Miller Countrywide Penzance 01736 364260. General enquiries Countrywide Property Auctions 01395 275691. To register for the online legal pack for this property please visit our website www.countrywidepropertyauctions.co.uk

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.

Land Adj To 1 St. Marys Terrace, Penzance, Cornwall TR18 4DZ

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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 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.

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).