Home > Auctions > September 2022 01 September 2022 - 9:00am > Lot 105

September 2022: Thursday 01 September 2022 - 9:00am
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Floorplan

Property details

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    Key features

    • Investment let at £27,050 p.a. (Rents have not been reviewed since 2009)
    • Potential for asset management opportunities by improving the passing rent
    • Let to 3 existing tenants have been occupation since 1994, 1995 and 2011 - currently holding over
    • First time to the market since 1988 (34 years)
    • Comprising of an approx. 1,323 sqm (14,242 sq ft)
    • Located an approx. 0.3 miles from Torpoint Ferry Terminal

    Description

    The property consists of 2 traditional stone buildings comprising of Ground, 1st Floor, loft space and mezzanine floors through out the 2 properties. There is a hard standing area which provides off road parking located on the eastern side of the building and is also the main entrance for Carew Wharf Business Centre.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note that the property has not been inspected by Savills.


    Total floor area approximately 1,323 sq m (14,242 sq ft)

    Tenancy

    Carew Wharf Business Centre


    Beaver Blinds - Let to individuals trading as Beaver Blinds originally from 16th November 1994 for 15 years - Tenant currently holding over at a rent of £7,200 pa.

    Casa Grande - Originally leased by individuals trading as Blue Chip Products from 29th September 1994 and now to individuals trading as Casa Grande 1st October 2011 - Holding Over at a rent of £12,000 pa. Please note the lease has not been formally assigned.

    Coast Guard - 10 years from 29th September 2009 until 28th September 2019 - we understand the tenant has been in occupation since May 1995 - Holding over at a rent of £7,850 pa.


    Please note the leases are drawn up outside the security of tenure provisions of the Landlord & Tenant Act 1954.

    Planning

    Cornwall District Council (Formerly Caradon District Council)

    Planning permission was granted on the 17th May 1989 for conversion for part of the Wharf Building to provide 3 Maisonettes.


    Rent

    £27,050 p.a.

    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

    The floor plans have been produced by a third party and can not be relied upon- prospective purchasers should make there own enquiries

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        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.

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        Local information

        Torpoint is a Town on the River Tamar located 2,8 miles West of Plymouth City Centre

        The property backs on to the River Tamar and is situated close to the junction of Harvey Street and directly opposite the junction with Barossa Road.

        Shopping facilities can be found locally and to a greater extent in Plymouth City centre along with a good selection of cafes bars and restaurants

        Recreational facilities are available locally and in the surrounding countryside

        Nearby road communications are via the A38, A30 and M5

        Transport

        National Rail - Devonport, Plymouth

        Legal documents

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        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.

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