Freehold with 5 ground rents & 2 Pixies Holt Flats, Buller Street, Looe, Cornwall, PL13 1AR

Guide Price: £125,000

For sale by unconditional online auction starting on 24th April at 10:00 and ending on 24th April at 12:00

NO AUCTION FEE'S FOR THE BUYER
For Sale by online Auction, This two-bedroom flat offers a rare opportunity to acquire a beautifully refurbished property in one of Cornwall's most desirable locations. Just minutes from East Looe beach and the harbour, with modern features, a balcony, and a number of recent improvements to the building, this property is perfect for both personal use and as a holiday let. Additionally, the auction lot includes the block freehold under title number CL62103, which returns £250 per annum from the five ground rents. This added benefit makes the property an even more attractive investment opportunity. bidding opens Thursday 24th April at 10:00am

BUY IT NOW PRICE:
Please call our office to find out the BUY IT NOW PRICE for this lot

We are delighted to offer this beautifully refurbished two-bedroom flat in the heart of East Looe, Cornwall, going to auction. The property has been meticulously renovated in 2023, offering modern features and a fresh, stylish living space. With its prime location just a stone's throw from the beach and harbour, this flat is an ideal opportunity for anyone seeking a seaside retreat or holiday let investment.

INCLUDED IN THIS LOT:
Exceptional Investment Opportunity: Block Freehold with Steady Ground Rent Income

This auction lot includes the block freehold under title number CL62103, offering a consistent annual income of £250 from five ground rents. This attractive additional income stream enhances the property's investment potential, making it a highly appealing opportunity for investors.

Ground Rent Details:

1 Pixies Holt Flats, Buller Street, LOOE, PL13 1AR: £50 per annum
2 Pixies Holt Flats, Buller Street, LOOE, PL13 1AR: £50 per annum
3 Pixies Holt Flats, Buller Street, LOOE, PL13 1AR: £50 per annum
4 Pixies Holt Flats, Buller Street, LOOE, PL13 1AR: £50 per annum
The Wishing Well, Buller Street, LOOE, PL13 1AR: £50 per annum

Key Features: 2 Pixies Holt Flats, Buller Street, LOOE, PL13 1AR

Full Refurbishment (2023) The flat has undergone a complete renovation, ensuring a modern, high-quality finish throughout.

Brand New Wooden Double Glazing All windows have been upgraded to brand-new wooden double glazing, offering enhanced insulation and aesthetics.

Fully Re-Wired & Re-Plumbed The flat has been fully re-wired and has had LED spotlights fitted, and the plumbing system has been re-plumbed to ensure safety, efficiency, and reliability.

Fully Re-Plastered Throughout The property has been re-plastered throughout, providing smooth, modern walls and a fresh feel to every room.

New Kitchen with Integrated Fridge & Ice Box A stylish new kitchen has been fitted, complete with an integrated fridge with an ice box for added convenience.

New Bathroom Suite with Shower A newly fitted bathroom suite includes a modern electric shower, perfect for both comfort and practicality.

Smart TCP Wi-Fi Electric Oil-Filled Radiators Energy-efficient heating is provided by smart TCP Wi-Fi electric oil-filled radiators, which can be controlled from smart phones, allowing for easy control and maximum comfort.

New Skirting Boards & Oak Internal Doors The flat benefits from all-new skirting boards and beautiful oak internal doors, adding to the property's refined, contemporary finish.

Small Balcony The property enjoys the added benefit of a balcony, with space for a table and two chairs. Please note, the balcony's ironwork is ready for replacement, offering a potential opportunity to enhance the space.

Location & Parking:

Location Situated just 2 minute's walk from East Looe beach, which is popular with families, and less than 30 seconds from the harbour/riverfront, this flat is ideally located for those wanting to enjoy the best of Cornwall's stunning coastal scenery and vibrant town life.

Parking While the flat does not have dedicated parking, vehicles can pull up at the side of the building for easy drop-offs. In addition, there are several public parking areas within a short walk, providing ample parking options for residents and visitors.

Block Improvements:

Since 2023, the building has undergone several key improvements, ensuring its continued upkeep and safety:

New Communal Fire Alarm Providing an added layer of safety for all residents.
External Pointing Ensuring the building's exterior is in good condition.
Roof Maintenance Recent maintenance in 2025 has been carried out.
We have been informed that there are no current maintenance works due for the block, ensuring peace of mind for the new owners. However this can change at any point.

Viewing Information:

Due to the vendor's location, there will be no in-person viewings available for this property. Interested parties are advised to view the full video tour of the property, which gives an in-depth look at the flat and its features. Should you have difficulty locating the video, please feel free to contact our office, and we will be happy to assist you.

Summary:

This two-bedroom flat offers a rare opportunity to acquire a beautifully refurbished property in one of Cornwall's most desirable locations. Just minutes from East Looe beach and the harbour, with modern features, a balcony, and a number of recent improvements to the building, this property is perfect for both personal use and as a holiday let.

The property is to be sold fully furnished including the 40" smart tv, however some personal effects will be taken.

Don't miss the chance to bid on this exceptional flat at auctionan ideal seaside retreat in the heart of Looe!

Outstanding works on flat: The bathroom sink waste need connecting & the brand new Ariston under sink water heater needs connecting in Kitchen.

The property has the added bonus of an electric smart meter & Water meter been fitted.

Tenure:
Leasehold
Lease Start date: 05/03/1991 , Lease Duration 995 year, 961 Years left

Annual Ground Rent £50
Annual Service Charge: Done on when due basis

EPC Rating: D (57)

Council Tax:
Cornwall Council
Band: A (£1,588.77)

Disclaimer
This property is owned by an employee of OLAPA Ltd.

Title Numbers included in Lot: CL68532 & CL62103

UNCONDITIONAL LOT - The Purchaser shall pay a 10% deposit and the contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.