Lot 18

FREEHOLD TOWN CENTRE INVESTMENT

20-20A Church Street & 1A High Street, Launceston, Cornwall, PL15 8AR
Guide Price £145,000+ * + Fees

Currently let at £18,600 per annum

Applicants may view the lot externally only

An opportunity to acquire this mixed use investment situated in the historic town centre of Launceston with nearby retailers including Co-operative food store, Superdrug and WH Smith.

The attractive property is arranged as two ground floor shops with a well proportioned flat occupying the first floor and is considered suitable for continued use as a letting investment.

Commercial

20 Church Street

Ground Floor

Retail area, store room with changing cubicle and cloakroom/W.C.

Basement

Store room.

Tenancy

Let on a 12 month commercial lease from September 2020 at a current rental of £650 per calendar month.

20A Church Street

Ground Floor

Retail area, cloakroom/W.C. and store area.

Basement

Treatment room.

Tenancy

Let on a 12 month commercial lease from April 2021 at a current rental of £500 per calendar month.

Residential

1A High Street

Ground Floor

Separate access to side.

First Floor

Living/dining room, small study, kitchen, two bedrooms and bathroom/W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £400 per calendar month.

20-20A Church Street & 1A High Street, Launceston, Cornwall
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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/