Studio for sale in Church Road, Madron, Penzance, Cornwall TR20, £65,000

65,000.00

Offer Nr.:
65390498
Type of ad:
for Sale
Property type:
Studio
Contact name:
Bradleys Estate Agents - Penzance
Phone(s):
01736 397000

* Leasehold
To be sold via Bradleys Online Auctions, powered by Bamboo Auctions! Fabulous
opportunity to acquire a former, first floor, two - bedroom apartment which has
been tastefully converted into a large, bright, open plan artist studio with
separate W. C. And balcony area (for business use). EPC grade E.
**Important Information**
Tenure Leasehold - 970 years remaining.
Maintenance - shared 50% with the freeholder (clause 2(j) of the lease states
that the Tenant covenants with the Freeholder to reimburse within 7 days one
half of any expenditure incurred by the Freeholder on maintenance of shared
parts of the property)
Ground Rent £51 per annum.
Local Authority - Cornwall Council.
Commercial Use - Currently used as an artist studio, formerly a 2 bedroom
apartment.
Mains water, drainage & electric.
Business Use.
Heating - Electric
**Online Auction**
Online Auction scheduled to finish on 8th September 2023 at 12: 00.
This property is being sold by conditional online auction and a non - refundable
reservation fee of £5000 or 3. 5% + VAT applies, whichever is the greater (in
addition to the purchase price). If you are the successful bidder, you will be
charged the amount of £5, 000 + VAT (£6, 000) or 3. 5% +VAT, whichever is the
greater, which will be processed online, immediately at the end of the
auction, only if you are the successful bidder. You will then have 20 working
days within which to exchange contracts, and a further 28 days to complete the
purchase. Terms and conditions apply to the modern auction method of sale,
which is operated by Bradleys Property Auctions. These details are subject to
change up to and including the day of the auction. Please check our website
regularly at: And look out for any additional materials available on the day
of the auction, in order to stay fully informed with the up to date
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