21/21A High Street, Falmouth, Cornwall, TR11 2AB

Prime High Street Mixed-Use Freehold Investment Property in Falmouth High Street, Cornwall, TR11

Guide Price £200,000 to £250,000 * Buyers Premium Applies

For sale by unconditional online auction.

To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk

Town & Country Property Auctions are delighted to offer for sale by public auction this mixed-use property consisting of a duplex apartment and a commercial retail shop with tenant in situ all within this Freehold Grade II Listed building in Falmouth.

The apart benefits from almost 2,000 sqft of accommodation and is in need of modernisation. The first floor includes an entrance hallway, inner hall, living room, second reception room, kitchen area, and a WC. The second floor consists of five bedrooms and a designated area for a shower room. The property also has loft space accessed from one of the bedrooms, with Velux windows installed.

The commercial shop is let on a long-term lease from Feb 2025 for 15 years . An income-producing mixed-use freehold investment comprising a ground floor commercial unit and upper residential accommodation, offering immediate income with clear asset management and value-add potential. Ground Floor Commercial Unit: Approx. 128 sq m, let on a 15-year lease from February 2025. Current passing rent: £18,750 per annum, subject to regular rent reviews. This represents a minimum contracted income of £281,250 over the lease term, exclusive of any future rental increases. Upper Floors Residential: Approx. 95 sq m requiring refurbishment, presenting scope for enhancement or redevelopment (STPP). Total Combined Area: Approx. 223 sq m.

The property will be entered into our 29th April auction which is held online and starts at 10am. You must register to bid and download the legal pack.

PROPERTY FEATURES
. Mixed Use Freehold Building
. First Floor Flat In Need of Renovation Approx. 95 SQM
. Ground Floor Shop Sold with Tenant in Situ
. Popular Location
. Ideal Investment Opportunity
. EPC: Commercial E (103) Residential E (43)
. 56 Day Completion

ADDITIONAL INFORMATION
. Property Tenure: Freehold
. Current Passing Rent: £18,750 per annum on Ground Floor Shop
. No Rent Arrears
. 1st Floor Flat has Rental Potential of £12,000 Per Annum Subject to Finish

VIEWING ARRANGEMENTS
We will be holding viewing slots, please call us on .
The property is available for viewing immediately. Please contact Town & Country Property Auctions for more information and to register for the auction. The auction will be held online, and registration is now open.

Tenure
Freehold

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 3%+VAT (subject to a minimum of £7,500+VAT) buyers premium and 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 56 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.