LOT
5

Land Adjoining 1 Alexandra Terrace, Penzance, Cornwall TR18 4NX

Sold Prior

About this property

A purpose built block of four freehold garages conveniently situated for Penzance town centre, the Promenade, Newlyn and the harbour. The garages are currently let and generating a modest income of £193 pcm/£2,316 pae and are likely to appeal to portfolio investors, local trades people and residents looking for secure storage/parking facilities.

Addendum To Printed Catalogue

Correct address is: Land Adjoining 1 Alexandra Terrace Penzance Cornwall TR18 4NX


Location

The garages at Laregan Hill are located just off New Road, being conveniently situated for Penzance town centre, the Promenade and in turn Newlyn and the harbour.

Notes

Current Rental Income:
Garage 1 - £52.00 pcm
Garage 2 - £45.50 pcm
Garage 3 - £45.50 pcm
Garage 4 - £50.00 pcm

EPC

Exempt

Auction Valuer

Wendy Alexander

Viewing

Strictly by appointment with Countrywide Property Auctions 0151 734 7509 (Monday - Friday); Miller Countrywide Penzance 01736 364260 (Weekends).

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 Adjoining 1 Alexandra Terrace, Penzance, Cornwall TR18 4NX

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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).