For Sale By Auction | 2.30pm, 03 November 2016

Freehold Ground Rent Investment, 5 Penare Road, Penzance, Cornwall, TR18 3AJ

Sold £1,000

  • Block of Apartments
  • Tenure: Freehold

Call the team on 01752 474200 for more information

Auction Date

Thu 03/11/2016

Auction Time

2.30pm

Auction Venue

Unknown

Ground Rent Investment

*Guide - Nil Reserve - FOR SALE BY PUBLIC AUCTION ON THURSDAY 3RD NOVEMBER 2016 AT 2.30PM AT OKEHAMPTON BUSINESS CENTRE. A Freehold Ground Rent Investment, comprising 8 long leasehold flats with a combined ground rent of £80pa. (Section 5 notices have been served in accordance with the Act)

Tenure

Freehold

Auctioneers Note

Full details of the Freehold, Leases, Administration and Service charges, will be available in the auction legal pack

Buyers Premium

The purchaser will pay the Auctioneer a "Buyers Premium" of £900 (£750 + vat) on exchanging contracts on this Lot

Energy Efficiency Rating (EPC)

Current Rating N/A

Local Authority

Cornwall Council

Solicitors

Nalders Solicitors, First Floor, 104 Market Jew Street, Penzance, Cornwall, TR18 2LE, Ref: Ellen Regan, Tel: 01736 364014

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £600 (£500 + vat) to the Auctioneers, on exchange of contracts

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.