Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key features

    • Attractive Freehold Mixed Use Building
    • Arranged as an estate agents with offices above
    • Comprises 8,575 sq ft of accommodation
    • Benefits from planning permission for 9 apartments along with retaining income from the estate agency
    • Scheme provides for 4 x 2 bedroom, 5 x 1 bedroom apartments and retains lower ground floor estate agency
    • Full planning consent and conditions satisfied by the council
    • Previously let off £56,518.38 p.a.
    • Car park to the rear for six cars
    • Investment let at £36,518.38 p.a. (12.17% GIY on Guide Price plus 3,171 sq ft vacant office)

    Description

    The property is arranged over basement, ground and three upper floors and comprises two adjoining buildings, with no internal access between the properties. The property is currently arranged to provide a lower ground floor shop with office and ancillary accommodation above.


    The rear building is accessed by a door to the front, and at the rear via the car park.


    The property benefits from six car parking spaces to the rear.


    The property has recently benefitted from an external refurbishment in conjunction with Town Heritage at a cost of some £200,000.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please see the tenancy schedule below

    Tenancy

    Please see the tenancy schedule below

    Planning

    The property benefits from planning consent for 'change of use to C3 to create 9 residential units on ground, first, second and third (loft) floors whilst lower ground floor remains as use class A2. Demolition to interior, alterations to existing windows and doors and addition of roof lights and dormers to roof'

    Reference - PA20/06665

    Date Granted - 28th October 2020


    All conditions have been discharged and confirmed in writing by the council. Please see details in the legal pack.


    Local Authority: Cornwall Council

    Email: planning@cornwall.gov.uk

    Website: www.cornwall.gov.uk

    Rent

    36518.38

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect

    the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack. 

    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      St Austell, with a population of c. 34,000, is a busy and popular tourist town being home to the Eden Project. The town is located 13 miles north-east of Truro, 33 miles west of Plymouth and 11 miles south of Bodmin.

      The property is situated on the north side of Market Street, close to the commercial centre of St Austell


      Carlyon Beach is approximately 3 miles away

      Transport

      Road - The property is served by the A390 and A391, which in turn joins the A30 and A38 dual carriageways 7 miles to the north of the town

      Rail - Bodmin station provides services into London Paddington

      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums