Lot 120: FREEHOLD RESIDENTIAL INVESTMENT AND DEVELOPMENT OPPORTUNITY

Available At £179,000 + Fees
Flats 1-4 Bickland Water With Garages & Land,
Bickland Hill,
Falmouth,
Cornwall. TR11 4SB

Currently let at £14,290 per annum

Viewing by arrangement with Clive Emson Auctioneers

01392 366555

Graham Barton/Katie Semmens

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.

Flat 1

Ground floor

Hallway.

First floor

Large inner hall/landing, kitchen/breakfast room, living room, two bedrooms and bathroom.

Outside

An area of garden to the rear and garage to front.

Tenancy

Let on a Regulated Tenancy at a Registered Rent of £7,020 per annum, effective from 10th March 2018.

Flat 3

Ground floor

Entrance hall.

First floor

Landing, kitchen/breakfast room and two bedrooms.

Second floor

Living room and bathroom.

Outside

An area of garden to the rear and a garage to the front.

Tenancy

Let on a Regulated Tenancy at a Registered Rent of £7,020 per annum effective from 10th March 2018.

Flats 2 & 4

Tenancy

Each sold on a 125 year lease from 1st October 2008 with current ground rent provisions of £150 and £100 respectively.

Outside

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.

Viewing

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

Map

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The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.