About this property

Addendum To Printed Catalogue

The Courtyard - Energy Efficiency Rating - E
We are advised that a new tenancy will be in place for The Nook as from Thursday 25th April.
The guide price has been amended to £275,000+


A selection of six rental apartments with tenants in situ on an assured short hold tenancies, managed by our sister department Mid Cornwall Lets. The property benefits from six apartments with a gross yield of approximately £2,701 PCM/£32,412 PAE when fully let. At the time of instruction, five of the six units were tenanted.

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

Located within the historic market town of St Austell, the town offers a good variety of retail outlets and supermarkets. There are both junior and secondary schools within the town along with a leisure centre and cinema. The mainline railway station provides rail links to London Paddington and the cathedral city of Truro is approximately 16 miles distant.

Accommodation

Studios

Studio 2: One bedroom apartment with a rental income of £416 PCM/£4,992 PAE. Energy Efficiency Rating – C
Studio 3: One bedroom apartment with a rental income of £460 PCM/£5,520 PAE. Energy Efficiency Rating - C. The unit was vacant at the time of instruction, and may be re-let on a new AST when offered. Please check for an addendum on this entry.
Studio 4: One bedroom apartment with a rental income of £450 PCM/£5,400 PAE. Energy Efficiency Rating - C

The Nook

One bedroom apartment with a rental income of £455 PCM/£5,460 PAE. Energy Efficiency Rating - B (named as the previous name of “The Shop” on the EPC register)

The Courtyard

One bedroom apartment with a rental income of £450 PCM/£5,400 PAE Energy Efficiency Rating – TBC

The Loft

One bedroom apartment with a rental income of £470 PCM/£5,640 PAE. Energy Efficiency Rating - C

Notes

The three “Studio” apartments have their Council Tax is included in their rent. All apartments have their utility bills included in their rent. The gross annual income is £32,412 PAE when fully let. For further information regarding the tenancy agreements please refer to the legal pack.

Auction Valuer

Lucy Fuller

Viewing Arrangements

Strictly by appointment only with Stratton Creber St. Austell 01726 73254. General enquiries Countrywide Property Auctions 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

9 & 9a, North Street, St. Austell, 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).