Lot 85

FORMER BANK BUILDINGS IN PRIME LOCATION OFFERING MUCH POTENTIAL

The Former NatWest Bank, 5 Fore Street, Bodmin, Cornwall, PL31 2HX
The Former NatWest Bank, 5 Fore Street, Bodmin, Cornwall, PL31 2HX
Sold £131,000

A rare opportunity to acquire effectively two, three storey buildings (the rear being particularly handsome) that are umbilically linked and benefit from some far-reaching views to the rear and comprising the prominent former town centre NatWest premises.

The property may appeal to end-users but more likely to investors and developers due to the glaring potential for substantial residential development in tandem with some commercial usage, subject to all necessary consents being obtainable, on account of the versatility and sheer extent of the floorspace within the two component buildings and the points of access from both Fore Street and Crockwell Street.

Front Building (Fore Street)

Ground Floor

Vestibule with access to extensive banking hall providing public and cashier areas.

First Floor

Landing, staff room, two offices and large kitchen.

Second Floor

Attic storage.

Basement

Two store rooms.

Umbilical Link

Ground Floor

Lobby and two interview rooms.

First Floor

Storage and W.C.

Basement

Two stationery rooms, storage and W.C.

Rear Building (also accessible from Crockwell Street)

Ground Floor

Large office and strong room.

First Floor

Server room, ladies W.C. and large landing.

Second Floor

Bathroom, former kitchen and large room.

Outside

At the side of the back building is a passageway leading to a boiler room, then a store and onwards out to Crockwell Street.

The removal of either or both as part of a re-development scheme would enhance this second point of access and in turn the rear building.

Auctioneer's Note

For information relating to the rateable value and other available data go to www.gov.uk/correct-your-business-rates and enter the postcode for the property into the appropriate search field.

Local Planning Authority

Cornwall Council. Tel: 0300 1234 151. Website: cornwall.gov.uk.

Freehold with Vacant Possession

Important

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 Auction Day.

* Price Information

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 cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

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 cliveemson.co.uk/buyers-fees/