Lot 146 Mixed Use Investment With High YieldAuction Date:
1st November 2024
5 Market Street, Liskeard, Cornwall, PL14 3JH
Currently fully let producing £24,480 per annum
A freehold mixed use investment opportunity comprising a commercial unit and three self-contained flats situated in Liskeard town centre. All units are currently let with an income of £24,480 per annum.
Commercial
5 Market Street
Retail/office unit with window frontage, store room, staff kitchenette and W.C.
Tenancy
Let on a 7-year lease from 11th September 2015 at a current rental of £600 per calendar month.
Residential
Flat 1, 5 Market Street
Entrance hall, living room, kitchen, double bedroom and shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £450 per calendar month.
Flat 2, 5 Market Street
Entrance hall, living room, kitchen, double bedroom and shower room with W.C
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £480 per calendar month.
Flat 3, 5 Market Street
Entrance hall, living room, kitchen, double bedroom, shower room, separate W.C. and private garden space to the rear accessed from the back door off the kitchen.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £510 per calendar month.
Auctioneers Note
All of the rents include water rates. Further information will be available within the legal documentation which can be downloaded from the Clive Emson website.
Council Tax Bands
Each flat is 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
