Lot 159 Re-development Opportunity In Popular LocationAuction Date:
20th September 2023
Arica House, 13 Market Square, St. Just, Penzance, Cornwall, TR19 7HE
Situated in the sought after coastal town of St. Just is this substantial period property arranged over two upper floors overlooking the popular Market Square.
Arica House was formerly a lucrative House in Multiple Occupation providing ten letting rooms, all of which are now vacant and would benefit from a course of updating throughout. The property offers potential for development into a number of flats, subject to all necessary consents being obtainable, and would make an ideal investment post conversion or re-sale opportunity.
Ground Floor
Communal entrance hall.
First Floor
Four rooms with en-suite and kitchenette, one self-contained flat comprising kitchen/living room, bedroom with en-suite bathroom and mezzanine level.
Second Floor
One room with kitchenette and en-suite shower, four further rooms with kitchenette areas and communal bathroom.
EPC Information
The property has an EPC rating of E (121).
Tenure
Remainder of a 999-year lease from 2nd October 2007.
Local Planning Authority
Cornwall Council. Tel: 0300 1234 151. Website: cornwall.gov.uk.
Leasehold with 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
