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A Mixed Use Commercial Property.
A mixed-use development/investment opportunity comprising of two dwellings, centrally located in St Austell Town Centre. One property comprises of three modern apartments, all let on ASTs (Assured Shorthold Tenancy Agreements) currently producing a gross income in the region of £18,540pa (per annum). The adjoining building is currently vacant office spaces. There are two tandem parking spaces allocated to the office building.
Tenure
Freehold
AUCTIONEERS NOTE
Please note, we are selling the freehold interest of both dwellings. The building with office space above has lapsed prior approval for a proposed change of use of a building from Office Use (Class B1(a)) to a dwellinghouse (Class C3) - planning reference number - PA19/02361. The apartments are on separate utilities and the current rental income breakdown is - Flat 1 - GFF - £495pcm. Flat 2 - FFF - £525pcm. Flat 3 - 2nd FF - £525pcm. There is also a management company in place.
ACCOMMODATION
The building with vacant office space - Access via a communal door, stairs leading to the first floor - Office Space 1 Inner Hallway W.C Office Space 2 Office Space 3 Stairs to Second Floor Office Space/Kitchen Area W.C Building with three flats Ground Floor Flat - Flat 1 - Bedsit - Living Room/Kitchen/Bedroom. Modern Shower Room. First Floor Flat - Flat 2 - Living Room, Double Bedroom, Kitchen, Shower Room. Second Floor Flat - Flat 3 - Living Room/Kitchen. Double Bedroom. Shower Room.
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.
VIEWINGS
Please telephone Auction House South West on 03456 461361 to request a viewing.
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 C75
Local Authority
Cornwall County Council
Solicitors
Devall Law, Ref: Michael Devall, Tel: 01489 579 804
Offered in association with
Miller Commercial
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £480 inc VAT payable on exchange of contracts.
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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.