FOR SALE BY AUCTIONA top floor one bedroomed apartment with distant sea views over Fistral beach which can be walked to in minutes. Situated on a side street in a highly desirable central Newquay location. Investment Buyers Only. Lillicrap Chilcott

A top floor one bedroomed apartment with distant sea views over Fistral Beach.

Newquay, Cornwall
Sold
Leasehold

FOR SALE BY AUCTION

A top floor one bedroomed apartment with distant sea views over Fistral beach which can be walked to in minutes. Situated on a side street in a highly desirable central Newquay location. Investment Buyers Only.

Further Information

1 Bedrooms
1 Bathrooms
1 Receptions

Key Features

  • Buy to let investment
  • Not available to be viewed internally
  • Guaranteed fixed tenancy until November 2022
  • Top floor one bedroomed apartment
  • Sea views over Fistral
  • UPVC double glazing and electric heating
  • Auction Date 11th August 2022
  • Guaranteed rent at over 5.6% based on guide price
  • Guaranteed rent through Mears PLC
  • Management Contract in place - no arrears

FIXED TENANCY UNTIL NOVEMBER 2022

£425pcm with significant potential increase reversionary rent and potential for capital appreciation growth when vacant possession available and with limited cosmetic updates.

LOCATION

Trevose Avenue is a highly desirable central Newquay street, between the world famous Fistral Beach and the main town centre amenities. A quiet side street just off from the main Tower Road, it has always been a popular location. Within a short walk through the golf course public right of way, Fistral beach can be found within only a matter of minutes. At the bottom of Tower Road is the beautiful and picturesque working fishing harbour and the highly popular Red Lion Inn.

THE PROPERTY

This top floor one bedroomed apartment has an interesting loft style feel with exposed beams and sloping ceilings in the main living spaces, this doesn’t hinder the head height and the rooms are flooded with natural light from dual aspect windows. There are even some sea glimpses from the front facing windows towards Fistral Beach over Newquay Golf Course.

The property is being sold as an investment property specifically for investors. There is currently a fixed tenancy in situ which must be honoured until November 2022.

The principal accommodation consists of a communal entrance on the ground floor where there are stairs rising to all levels. A private door on the first floor of the development makes way into the apartment where there are stairs rising up to the second floor accommodation.

As you reach the second floor there is a small hallway with all rooms filtering off. The main reception room is an open-plan lounge/kitchen with dual aspect windows including sea views to the front. There is a fitted range of modern style kitchen units including integrated oven, hob and extractor.

Separately to this is a double bedroom with fitted shower and finally there is a separate wc suite with wash basin and wc within.

The property has uPVC double glazing and electric panel heaters. The property has recently undergone decorative repairs to include re-skimming and some added insulation and is a clean and tidy example of a one-bedroom flat of this type. There is no allocated parking with the property, however, there is unrestricted street parking on Trevose Avenue and many of the neighbouring streets.

The property is being sold by a professional landlord as part of a wider portfolio of sale.

Currently there is an ongoing Assured Shorthold Tenancy which is part of the residue of a 5 year management contract with guaranteed rent return and no voids.

VIEWING – The property is not available to be viewed internally.

METHOD OF SALE – The property is to be sold by auction via underthehammer (.com)

POST CODE – TR7 1NJ.

SERVICES – Buyer to rely upon their own investigations.

COUNCIL TAX BAND – A (£1,406 payable 2022).

TENURE – Leasehold – The property is held on a 999-year lease. Lease commencement date 13.11.05. Ground Rent Payable: Peppercorn. Latest service charge payable: share of maintenance as and when required – to be confirmed in legal pack.

AGENT’S NOTE 1 – The above particulars have been prepared as a general guide only for prospective buyers. Whilst we have endeavoured to provide a fair and reasonable description of the property, no specific survey or detailed inspection has been carried out in relation to the property, the services, the appliances and any fixtures and fittings or equipment. All buyers should rely on their own surveys and investigations in connection with any purchase of the property. All measurements, floor plans, dimensions, acreages and distances are approximate only and should not be relied upon for accuracy.

AGENT’S NOTE 2 – The Freeholder is absent; as such buyers must be willing to accept absent landlord indemnity insurance and minimal management enquiries which will be provided by the seller’s solicitor.

OFFICE OPENING HOURS – Monday to Friday 9.00am to 5.30pm. Saturday - 9.00am to 1.00pm.

AUCTIONEER'S NOTE

The deposit for exchange of contracts on this property is 5% subject to a minimum of £5,000.

The completion period for this property is 8 Weeks (56 Days)

Starting Bid and Reserve Price

*The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. Reserve prices are subject to change up to the date of the auction. Please note that Lots may be withdrawn prior to the end of auction.

For legal pack please visit underthehammer.com



Entrance with stairs to second floor accommodation:-

Hallway, lounge/kitchen (16'7" x 9'2"), bedroom en-suite shower (9’ x 9'4") plus shower cubicle wc suite (4'2" × 3'4").

The property is being sold by a professional landlord as part of a portfolio of sale. It is currently occupied, and no access was possible to prepare the sales particulars or measurements which have been supplied by the seller in good faith.

Leasehold Information

Lease Commencement Date: 2005
Lease Term: 999 yrs
Unexpired Term: 982 yrs
Annual Ground Rent: £Peppercorn p.a.
Ground Rent Review Period: N/A
Ground Rent Increase Percentage: N/A
Annual Service Charge: N/A

Reference

LCAA8982

Council Tax

Band A

Contact Us

To make an enquiry for this property, please call us on 01872 273473, or complete our form.