Lot 78 Freehold InvestmentAuction Date:
16th June 2022
1 Fore Street & 2 Saltash Road, Callington, Cornwall, PL17 7BA
Currently let at £12,000 per annum
Sale due to retirement
A three storey mixed use property prominently situated within the Cornish town of Callington along one of its busiest road junctions which leads to the city of Plymouth and the neighbouring towns of Liskeard, Tavistock and Launceston.
Arranged as a ground floor shop with a self-contained flat occupying the upper floors, the property is considered suitable for continued use as a letting investment with neither tenant having any history of arrears.
1 Fore Street
Ground Floor
Shop floor with counter area and stock room.
Outside
Store and toilet to rear.
Tenancy
Let on a five year commercial lease from 22nd April 2022 at a current rental of £6,000 per annum.
2 Saltash Road
Ground Floor
Separate entrance to front.
First Floor
Landing, kitchen/living room and shower room with W.C.
Second Floor
Landing, two bedrooms and study (previously used as a third bedroom).
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £500 per calendar month. The existing tenant has been in occupation since June 2018.
Council Tax Band A
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
