Western Road, Launceston, Cornwall, PL15

For sale by public auction on Wednesday 18th June 2025 at 7pm to be held at Strawberry Fields, Lifton, PL16 0DE. Freehold sale of investment property comprising of eight one / two bedroom good size flats with a Turnover of £50,000. Fantastic opportunity within walking distance to Launceston town.

For sale by Public Auction on Wednesday 18th June 2025 at Lifton Strawberry Fields, Lifton Devon, PL16 0DE.

An outstanding opportunity to acquire a Freehold investment property comprising eight generously sized one or two bedroom flats, all currently let on Assured Shorthold Tenancies offering strong income.

This well-positioned property is set back from the main road, while still being within walking distance of Launceston town centre and parking available nearby.

With a proven annual income of £50,000, this property presents a fantastic investment opportunity for those seeking a high-yield asset in a desirable area.

There is also a rear storage room with tap, socket and light.

LOCATION
The property is positioned within walking distance of the many facilities nearby and conveniently placed for the secondary school, Coronation park and town centre. Launceston is an historic market town, situated in North Cornwall and right on the Cornwall / Devon border offering good access to the north coast, including numerous beaches and towns including Bude, Widemouth Bay and Crackington Haven. 4 miles to the south is the Tamar Valley, an Area of Outstanding Natural Beauty (AONB) starting at Greystone bridge. Launceston sits astride the A30 dual carriageway spine road for Cornwall and Devon, literally 5 minutes away, providing a superb balance of travel distance to all parts of the two counties. The town is brimming with history, as Cornwall’s ancient capital, with many historic and several churches, has a rich architectural heritage and is famous for its Castle which dates back to medieval times and dominates the landscape. The city of Plymouth is within easy reach at approximately 26 miles, whilst the city of Truro is approximately 47 miles and the city of Exeter 41 miles. The nearest train stations can be found in Gunnislake and Liskeard, being approximately 13 and 15 miles respectively from Launceston.

OUTSIDE
Steps from the main road lead up to the main entrance. At the rear of the building there is an area laid to lawn which is shared between each flat.

OCCUPANCY
• Flat 1 - The current tenant pays £500 per calendar month on an Assured Shorthold Tenancy which commenced 13th July 2024.

• Flat 2 - The current tenant pays £370 per calendar month on an Assured Shorthold Tenancy which commenced 1st June 2021.

• Flat 3 – The current tenant pays £550 per calendar month on an Assured Shorthold Tenancy which commenced on 30th January 2025.


• Flat 4 – The current tenant pays £350 per calendar month on an Assured Shorthold Tenancy which commenced 4th February 2006.

• Flat 5 – The current tenant pays £550 per calendar month on an Assured Shorthold Tenancy which commenced 11th January 2025.

• Flat 6 – The current tenant pays £410 per calendar month on an Assured Shorthold Tenancy which commenced 1st June 2017.

• Flat 7 – The current tenant pays £430 per calendar month on an Assured Shorthold Tenancy which commenced 24th September 2019.

• Flat 8 - The current tenant pays £425 per calendar month on an Assured Shorthold Tenancy which commenced 9th May 2024.

The current turnover from the rental of the flats provides a figure of £50,000 per annum.

SERVICES
Mains water, gas, electricity and drainage.

COUNCIL TAX BAND
All flats are Band A.

EPC
Flat 1 – E
Flat 2 – D
Flat 3 – D
Flat 4 – C
Flat 5 – C
Flat 6 – D
Flat 7 – E
Flat 8 - D

WHAT3WORDS - nuggets.salaried.itself

VIEWINGS
Please ring to view this property and check availability before incurring travel time/costs. FULL DETAILS OF ALL OUR PROPERTIES ARE AVAILABLE ON OUR WEBSITE

AUCTION VENUE AND DATE - Lifton Strawberry Fields, Lifton, Devon PL16 0DE on Wednesday 18th June 2025 at 7pm.

REGISTRATION
Please note ALL BIDDERS, including Kivells existing clients, will need to register with Kivells on the night of the auction in order to comply with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the "Regulations") – as of 26th June 2017. Bidders will be required to provide one form of government issued photographic identity and a utility bill addressed to them at their home address, dated within 3 months of the date of the auction. Failure to do this, may prejudice your ability to bid on the night.

ONLINE BIDDING
Online bidding registration will be available 10 days before each auction and all bidders must register at least 48 hours prior to the auction. For further information, please visit or contact your local Kivells office.

BUYER’S ADMINISTRATION FEE
All successful buyers at Kivells’ Property Auctions should note that on exchange of contracts, a Buyer's Administration Fee of £2,000 plus VAT Total: £2,400 inc VAT) is payable to Kivells on the night of the auction.

This fee can be paid by either bank transfer, personal cheque or debit card. Please note if the lot is sold prior to auction, or afterwards, this fee remains payable. There are no discounts for multiple lots purchased and you must consider this when bidding/offering prior.

All interested buyer’s are advised to review the Auction Legal Pack prior to bidding, this can be obtained from Kivells website and is free to download.

Any fees that are owed in addition to the buyer’s administration fee will be included within the legal pack.

SOLICITOR –
Macmillan's Solicitors, for the attention of Louise Smith, Bridgend, Manor House Bridgend, Wadebridge PL27 6BS. Email:

AUCTION PAYMENT
A 10% deposit will be required to be paid by the successful bidder upon the fall of gavel and at this point the contract is legally binding. The deposit has to be paid to Kivells as auctioneers and can only be paid in the form of a cheque or bank transfer. ALL bidders must only bid if they can make this payment. Cheques must be drawn on a bank or branch of a bank in the United Kingdom, any other cheques may be rejected and it will the responsibility of the purchaser to ensure they have the correct method of payment available at each auction.

EASEMENTS, WAYLEAVES & RIGHTS OF WAY The property is offered for sale, subject to and with the benefit of all matters contained in or referred to in the Property and Charges Register of the registered title together with all public or private rights of way, wayleaves, easements and other rights of way, which cross the property.

BOUNDARIES
Any purchaser shall be deemed to have full knowledge of all boundaries and neither vendor nor the vendor’s agents will be responsible for defining the boundaries or the ownership thereof. Should any dispute arise as to the boundaries or any points on the particulars or plans or the interpretation of them, the question shall be referred to the vendor’s agent whose decision acting as experts shall be final.

GUIDE PRICES
Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

The reserve price is the minimum price at which the property can be sold, both the guide price and reserve price may be subject to change up to and including the day of the auction. Please note that all prices listed, whether prior to or post auction, are subject to contract. The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot.

Please check with us for regular updates as guide prices are subject to change prior to the auction. The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge

The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.


IMPORTANT NOTICE
Kivells, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Kivells have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Verified Material Information

Council tax band: A

Tenure: Freehold

Property type: Flat

Property construction: Standard form

Electricity supply: Mains electricity

Solar Panels: No

Other electricity sources: No

Water supply: Mains water supply

Sewerage: Mains

Heating: Room heaters only

Heating features: Night storage

Broadband: No broadband connection

Parking: None

Building safety issues: No

Restrictions - Listed Building: No

Restrictions - Conservation Area: No

Restrictions - Tree Preservation Orders: None

Public right of way: No

Long-term area flood risk: No

Coastal erosion risk: No

Planning permission issues: No

Accessibility and adaptations: None

Coal mining area: No

Non-coal mining area: Yes

Energy Performance rating: No Certificate

All information is provided without warranty. Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.

The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.