Lot 69 Freehold Residential Investment With Development PotentialAuction Date:
4th May 2023
Selsdon, Barncoose Terrace, Illogan Highway, Redruth, Cornwall, TR15 3ES
Currently let at £27,404 per annum
A freehold residential investment opportunity arranged as a House of Multiple Occupancy, being in the same ownership for over thirty years, with six rooms being let on Assured Shorthold Tenancies and one room being vacant.
Selsdon would benefit from some updating throughout and is located approximately one mile distant to Redruth town centre where a wide range of amenities and mainline transport links can be found.
The property will of course appeal to letting investors on the lookout to add to their portfolio, along with developers who will see the potential for residential development in the garden as well as scope to sub-divide Selsdon into a number of self-contained flats, or maybe even back to its original use as a large family home, all of which would be subject to all necessary consents being obtainable.
Ground Floor
Communal entrance hall, three letting rooms, W.C. and two shower rooms.
First Floor
W.C., four letting rooms and store room.
Outside
Enclosed low-maintenance front garden whilst to the rear is ample parking and a good sized garden, predominantly laid to lawn.
Council Tax Band D
Auctioneer’s Note
At the time of publication the Auctioneers have been unable to internally inspect part of the property. These details have been provided by the Seller and interested applicants should rely on their own investigations to verify the information provided.
Local Planning Authority
Cornwall Council. Tel: 0300 1234 151. Website: cornwall.gov.uk.
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
