* Freehold
* For sale by public auction at Lifton Strawberry Fields, Lifton, Devon, PL16 0DE 7pm, on the 22nd November 2023.
* Freehold sale *Business unaffected*
* Historic town centre location. Grade II listed building
* Current licenced HMO with strong rental return
* Further potential subject to appropriate planning approvals
* Commercial area on ground floor 76m2
* Six En - suite Bedrooms on first and second floors 166m2
* Separate street access to upper floors
* Presented in good order throughout
* EPC Rating C
For sale by public auction at Lifton Strawberry Fields, Lifton, Devon, PL16
0DE 7pm, on the 22nd November 2023| freehold sale *Business unaffected* |
Historic town centre location. Grade II listed building | Current licenced HMO
with strong rental return | Further potential subject to appropriate planning
approvals | Commercial area on ground floor 76m2 | Six En - suite Bedrooms on
first and second floors 166m2 | Separate street access to upper floors |
Presented in good order throughout | EPC Rating C
For sale by public auction at Lifton Strawberry Fields, Lifton, Devon, PL16
0DH 7pm, on the 22nd November 2023.
Excellent investment property located in the centre of the town. This three
storey Grade II listed building comprises a commercial area on the ground
floor and six en - suite residential units on the first and second floors
including a communal kitchen, lounge and courtyard area. This house of
multiple occupancy (HMO) is licensed by Cornwall Council. The property was
formally used as a Foyer Building for youth accommodation by Cornwall Council
and as such has been fitted out to a decent modern standard in recent years
and continues to be maintained by the current owner who added the 6th letting
unit internally. The gross income for the building is approximately £35, 609
per annum.
**Situation**
The property is located directly opposite the historic St. Mary Magdalene
Church on Church Street just of the main retail area of Launceston town Square
Launceston, on the Cornwall / Devon border enjoys a good balance of travel
distance to all parts of the two Counties by virtue of the nearby A30 dual
carriageway spine road. Eastwards (42 miles) is the city of Exeter providing
intercity rail link, international airport and M5 motorway link. Southwards
(28 miles) is the city of Plymouth providing continental ferry port and
intercity rail link.
**Accomodation particulars**
All measurements are approximate.
**Retail**
Ground floor measuring approximately 92m2.
Currently leased for £5, 000 pa as barbers with main shop area, back office,
kitchen area, store and disable access WC.
**Foyer style residential accomodation**
Measuring approximately 169m2 in total and Comprising large kitchen, communal
living space and six good size double bedrooms with en - suite shower rooms.
Rooms are let on Assured shorthold tenancy contracts at £425 per room per
calendar month to include council tax and utilities.
**Outside**
To the rear of the property is a communal courtyard paved for low maintenance.
**Auction date and venue**
For sale by public auction at Lifton Strawberry Fields, Lifton, Devon, PL16
0DH 7pm, on the 22nd November 2023. Completion of the sale will take place
within 28 days of the auction, or earlier by agreement between the parties. On
the night of the auction, 10% of the purchase price will fall due as a deposit
being used for exchange of contracts along with the buyers auction fee.
**Buyers auction administration fee**
All successful buyers should note that on exchange of contracts a Buyer’s
Administration Fee of £2, 000. 00 plus VAT (total £2, 400 inc VAT) is payable to
Kivells. Please note if the lot is sold prior to auction, these fee’s remain
payable. There are no discounts for multiple lots purchased and you must
consider this when bidding/offering prior.
**Bidder registration**
Please note all bidders, including Kivells existing clients, will need to
register with Kivells on the night of the auction in order to comply with The
Money Laundering, Terrorist Financing and Transfer of Funds (Information on
the Payer) Regulations 2017 (the "Regulations") – as of 26th June 2017.
Bidders will be required to provide one form of government issued photographic
identity and an additional proof of address in the form of another government
issued document or a utility bill addressed to them at their home address,
dated within 3 months of the date of the auction. Failure to do this, may
prejudice your ability to bid on the night.
**Auction payment**
All successful purchasers are required to pay an immediate 10% deposit on the
night of the auction along with Kivells Auction administration fee.
**Tenure**
Freehold.
**Services**
Mains Water, drainage, gas and electric.
**EPC rating**
C and D
**Accomodation council tax band
C
shop premises rates**
Rating to be confirmed. Enquires should be made to voa on Tel: The current
tenant claims full small business rate relief.
**Agents note**
This is a freehold sale, business is unaffected.
**Directions**
From Kivells Launceston office proceed on foot along Church Street towards St.
Marys Church. The property will be located opposite St. Marys Church on the
left hand side.
**Viewings**
Please ring to view this property and check availability before incurring
travel time/costs.

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