8 bedroom block of apartments for saleFlats 1-4 Bickland Water with Garages & Land, Bickland Hill, Falmouth, Cornwall
- Available Post Auction
- Auction Date : 13 September 2018
- Lot Number : 120
- Freehold Residential Investment And Development Opportunity
- Residential Investment
- Current Rental : £14,290 per annum
- *Guide Price : £185,000 - £215,000 + Fees
A particularly interesting property in the form of a block of four flats each with their own demised garden areas and a further extent of garden as well as garaging and parking all located on the western edge of Falmouth on the way to Budock Water. Flat 1 and Flat 3 are let on Regulated Tenancies producing £14,040 per annum while Flat 2 and Flat 4 have been sold on long leases.
The development angle of the property lies predominantly in the area of garden to the north of the driveway where there is the potential for a residential scheme of some kind, subject to all necessary consents being obtainable.
Interested applicants are advised to make their own enquiries with the Local Planning Authority, the Cornwall Council. Tel: 0300 1234 151. Website: cornwall.gov.uk.
Large inner hall/landing, kitchen/breakfast room, living room, two bedrooms and bathroom.
An area of garden to the rear and garage to front.
Let on a Regulated Tenancy at a Registered Rent of £7,020 per annum, effective from 10th March 2018.
Landing, kitchen/breakfast room and two bedrooms.
Living room and bathroom.
An area of garden to the rear and a garage to the front.
Let on a Regulated Tenancy at a Registered Rent of £7,020 per annum effective from 10th March 2018.
Flats 2 & 4
Each sold on a 125 year lease from 1st October 2008 with current ground rent provisions of £150 and £100 respectively.
The area of garden with development potential lies to the north of the driveway and extends to 0.04 hectares (0.11 acres).
Auctioneer’s Note 1
For the avoidance of doubt, please note that Flats 1 and 3 are subject to secure long term occupancies rather than Assured Shorthold Tenancies.
Auctioneer's Note 2
Section 5(b) Notices under the Landlord and Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under this legislation.
Strictly by prior confirmed appointment with the Auctioneer's Office. Interested applicants are advised not to contact the tenants direct.
When using a Sat Nav please use the postcode TR11 4SA.
Residential EPC: F
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Clive Emson Auctioneers, Maidstone on 0345 8500333.
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