Lot 119: CHARACTER HOUSE ARRANGED AS A NUMBER OF LETTING UNITS - PLANNING FOR DETACHED HOUSE

Sold £243,000

What is believed to have been a former Mine Captain's house, set in sizeable south-facing grounds enjoying a semi-rural setting with far-reaching views located conveniently for the town, countryside and coast.

Tolgus House currently provides a number of different residential units in the form of an apartment and flat on the ground floor, five bed/sitting rooms on the first floor plus an entirely independent two bedroom flat to the side. In addition, there is Planning Consent on a portion of the garden for a detached three bedroom house.

The property is likely to appeal to those looking for a substantial investment opportunity (the ground floor units are currently producing £15,300 per annum) as well as developers. Owner occupiers may also spot the potential for reversion of the whole to a single and substantial family home.

Tolgus House

Ground Floor

Large one bedroom apartment (Flat 1) and one bedroom flat (The Studio) along with communal facilities serving the first floor bed/sitting rooms.

First Floor

Five letting rooms and bathroom.

Adjoining Flat

Forming a single storey west wing to the house is an independent two bedroom flat (The Annexe).

Outside

Good sized gardens and grounds to the front and both sides of the house.

Tenancies

Flat 1 is let on an Assured Shorthold Tenancy at a current rental of £500 per calendar month.

The Studio is let on an Assured Shorthold Tenancy Agreement at a current rental of £325 per calendar month.

The Annexe is let on an Assured Shorthold Tenancy Agreement at a current rental of £450 per calendar month.

Planning

Planning Permission has been granted by Cornwall Council, under ref: PA16/09044, dated 21 November 2016, for the removal of mobile home and construction of replacement dwelling including the installation of a septic tank (previously approved under PA13/07665), subject to conditions.

A copy of the Planning Consent and proposed plans are available from the Auctioneer’s Office or via the Local Planning Authority’s website, www.cornwall.gov.uk.

Proposed Accommodation

Ground Floor

Reception hall, kitchen/breakfast room, living/dining room.

First Floor

Three bedrooms and family bathroom.

Outside

The approved plan shows an area of garden to the south.

Freehold with Part Vacant Possession

Residential EPC: G