Lot 86

FREEHOLD RESIDENTIAL & COMMERCIAL OPPORTUNITY

3 Barbican Parade, Barbican Road, Looe, Cornwall, PL13 1EZ
3 Barbican Parade, Barbican Road, Looe, Cornwall, PL13 1EZ
Sold £117,500

On the instructions of the Receivers

A former post office and convenience store with an independent first floor flat above, located in a popular six-unit neighbourhood commercial centre within an established residential area.

The property is likely to appeal to both career and occasional investors as well as owner occupiers, not forgetting those who might sell the two components individually or hold one or the other.

Commercial

Ground Floor

Large retail trading area, former post office secure store, preparation room, cold store and cloakroom.

Residential

First Floor

Stairs up from rear to landing and office/store, front door to entrance hall, kitchen, living/dining room, bedroom and bathroom.

Second Floor

Two attic rooms.

Outside

A passageway to the side leading to a sizeable enclosed rear garden. These is also a garage and on-drive parking.

Auctioneer’s Note

For information relating to the commercial element’s 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.

Tenancy

The residential element is let by way of an Assured Shorthold Tenancy Agreement with the tenants holding over, the original rent being £450 per calendar month excluding bills which was commuted to just bills by the landlord last year following closure of the retail unit.

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/