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Mixed use investment opportunity for sale in St Austell

17-25 Truro Road, St Austell, PL25 5JE
For sale
£480,000 Guide Price

COMMON USE CLASS: A1 Shops, C3 Dwelling Houses

247-property-auctions
This property is marketed by:
247 Property Auctions

Auction End 30th June at 14:00

Description

An attractive investment opportunity to acquire this mixed residential and commercial investment property being located in a popular position within the town centre.

This large and versatile detached property offers a wealth of accommodation briefly comprising four residential flats, street-fronting offices and four garages located to the rear of the buildings.

The property enjoys a solid rental income but with a rental uplift potential to c.£40,000 per annum and so naturally will of course appeal to the investor/lettings investor marketplace. There is of course scope for uplifting the current rent roll by virtue of the ground floor office accommodation.

Tenure

Freehold subject to tenancies

Current Rents

The rents reserved are £29,040 with the shop and three garages currently un-let offering scope to improve the income significantly.

EPC

Ratings; Please refer to legal documents section.

Accommodation

No.17 Truro Road;

Ground floor flat; Entrance hallway, kitchen, living room, two bedrooms, shower room/WC.

No.21 Truro Road;

First floor; Flat 1; Kitchen, living room, bedroom, bathroom. Flat 2; Kitchen, living room, two bedrooms, bathroom leading to balcony area.

Second floor; Flat 3; Kitchen, living room, two bedrooms, bathroom.

No.25 Truro Road;

Ground floor; Main retail/office area, second office, kitchen/staffroom, WC.

Outside; Access along the adjacent driveway leads to the courtyard behind

Important Information

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum (if applicable), which will be available on Auction Day.

Auction Legal Pack and Finance

Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. It is the purchaser’s responsibility to make all necessary legal, planning and finance enquiries prior to the auction.

Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve price (a figure below which the Auctioneer cannot sell the Lot during the Auction). This reserve figure cannot be higher than 10% above a single figure guide.

Following the fall of the hammer contracts are exchanged and there is no going back!

Auction Information

†Traditional auction

Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.

  • Pricing information
  • The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.

Bamboo Auctions and 247 Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.

Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.

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Disclaimer

All information relating to this property, including descriptions, pictures and other related information has been provided by 247 Property Auctions. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.

These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.


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