Income Producing Residential Property

This three storey Victorian property is located in this popular area of Newquay, close to town and all beaches. The property has been arranged into four individual apartments. Currently two flats are tenanted, on periodic assured shorthold tenancy agreements. The two studio apartments are operated as emergency housing, with a contract in place with the Council via a management company. The property, as a whole, can achieve a combined yearly income of approx. £88,000PA. Accommodation in brief comprises; ground floor two bedroom apartment (not inspected), to the first floor there is a recently refurbished studio apartment to the rear and a one bedroom apartment to the front. To the second floor, there is a recently refurbished studio apartment, with sea views across Newquay Bay towards Watergate.

Tenure

Freehold

VIEWINGS

Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on 03456 461361 to request a viewing.

FULL DETAILS

Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale.

NOTICE TO BIDDER

Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.

Energy Efficiency Rating (EPC)

Current Rating D63, D62, C74, C72

Local Authority

Cornwall County Council

Additional Fees

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.