Lot 49 Freehold Block Of Flats With Further Potential And Views Across Looe ValleyAuction Date:
4th May 2023
Dorrien House, 21 Beech Terrace, Looe, Cornwall, PL13 2AQ
Currently let at £19,560 per annum plus vacant flat
A detached freehold property situated in an elevated position within the picturesque coastal town of Looe and currently arranged as four flats. Two of the occupied flats are considered very well presented whilst the vacant flat does require a programme of improvement works. Considered suitable for continued use as a letting investment, individuals may wish to consider the potential redevelopment of the substantial garage building to the rear, subject to all necessary consents being obtainable.
Looe is a historic fishing port and popular holiday destination situated on the South Cornish coastline and has featured heavily in the recent BBC series Beyond Paradise. The town, which has a working fishing port and beach, offers a range of shopping and other amenities.
Ground Floor
Flat 1
Access to front and rear at ground floor level. Living room, kitchen, study, bathroom with W.C. and bedroom.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £430 per calendar month.
Council Tax Band A
Flat 2
Access to front and rear at ground floor level. Living room, kitchen, bathroom (no W.C.), cloakroom with W.C. and two bedrooms.
Council Tax Band A
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £575 per calendar month.
First Floor
Flat 3
Access to rear at first floor level and access to front at ground floor level.
Open plan kitchen/living room, utility space, bathroom with W.C. and two bedrooms.
Council Tax Band A
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £625 per calendar month.
Second Floor
Flat 4
Access to rear at first floor level. Open-plan living room/former kitchen, former bathroom with W.C. and two bedrooms.
Tenancy
Currently Vacant.
Council Tax Band A
Outside
Garden space to front with courtyard, patio and decking areas to rear. Stores and off-road parking currently utilised by tenants.
Auctioneer’s Note
The tenant of Flat Three has given notice to the seller that they will be vacating.
Local Planning Authority
Cornwall Council. Tel: 0300 1234 151. Website: cornwall.gov.uk.
Viewing
Strictly by prior confirmed appointment with the Auctioneer’s Office. Interested parties are advised not to contact the tenants direct.
Freehold with Part Vacant Possession
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
