Mixed Use Investment Property

A mixed use investment property, currently arranged as a retail shop with an annexe and 2 self contained flats. (Potential for further sub-division subject to planning permission)

Tenure

Freehold

AUCTIONEERS NOTE

There is a tenant ("Tis What It Is") occupying the Shop areas (not including the Annexe) on a month to month basis; paying £3000pa. The Annexe and Flats 1 and 2 will be vacant on completion. We believe Flats 1 and 2 are suitable for letting purposes on completion and they have a potential combined yield of £10,000 to £11,000pa. The Annexe will require refurbishment and some rearrangement to make it suitable for letting purposes

SHOP

RETAIL SHOP 22' 10" x 22' 5" (6.97m x 6.85m) Approx. with shop windows and central door. Door to toilet and rear outside; blocked door to Hall leading to Flats 1 and 2; open access to Store Room and staircase to; BASEMENT STORE 16' 3" x 12' 4" (4.97m x 3.78m) with electric meters and consumer units for building SHOP STORE 33' 1" x 17' 11" (10.10m x 5.47m) with 2 connecting doors to annexe areas

FIRST AND SECOND FLOOR FLATS

ENTRANCE TO 3A EXETER STREET; Hall with staircase to first floor Landing with access to Annexe area; staircase to second floor and door to: FLAT ONE Hall with doors to; LOUNGE 16' 0" x 14' 4" (4.90m x 4.38m) Approx. with open access to; BEDROOM 14' 3" x 12' 9" (4.36m x 3.89m) BEDROOM 13' 9" x 10' 8" (4.21m x 3.26m) KITCHEN 13' 1" x 9' 10" (4m x 3m) SHOWER ROOM FLAT TWO; Hall with access to loft area and doors to; KITCHEN AND ADJOINING LOUNGE KITCHEN AREA 14' 7" x 13' 7" (4.45m x 4.15m) LOUNGE AREA 12' 2" x 8' 0" (3.71m x 2.44m) with connecting door to; BALCONY 26' 2" x 9' 0" (8m x 2.75m) Timber decked area, which extends to rear roof section BEDROOM 13' 1" x 9' 6" (4m x 2.92m) TOILET and BATHROOM 8' 3" x 5' 1" (2.53m x 1.57m)

ANNEXE

The annexe can currently be approached via the Ground Floor pedestrian right of way between 1 and 3 Exeter Street; or the First Floor of 3a Exeter Street GROUND FLOOR rear access to; HALL 15' 10" x 9' 0" (4.84m x 2.75m) with door to small Wet Room, staircase to first floor and door to; ROOM 25' 3" x 20' 3" (7.71m x 6.18m) L Shaped room (max measurements) with door to lower rear Balcony; connecting door to shop and stairs to; ROOM 11' 10" x 11' 4" (3.61m x 3.47m) FIRST FLOOR ROOM 10' 11" x 10' 6" (3.35m x 3.22m) with door to; TIMBER DECKED BALCONY 26' 2" x 8' 9" (8m x 2.68m) SHOWER ROOM 10' 2" x 7' 2" (3.10m x 2.20m) with connecting door through shower leading to; ROOM 15' 0" x 12' 6" (4.58m x 3.83m) with door to first floor Landing

REAR PASSAGEWAY

A pedestrian right of way between 1 and 3 Exeter Street, provides access to a covered area giving access to Shop and Annexe and a Utility Room 3.34m x 2.46m. There is no other outside space

VIEWINGS

There will be regular viewing sessions available in the lead up to the auction date. Please contact joint auctioneers D C Property, Launceston to arrange your appointment T: 01566 770888 or Auctionhouse Devon and Cornwall T: 01837 55681

FULL DETAILS

Photographs, room dimensions, floor plans and area measurements (when available) are included within our full details online at www.auctionhouse.co.uk.net. All published information is to aid identification of the property and is not to scale

Energy Efficiency Rating (EPC)

Current Rating C, G and G

Local Authority

Cornwall Council

Solicitors

Peters Langsford Davies, Westgate, Launceston, Cornwall. PL15 9AD, Ref: Helen Davies, Tel: 01566 772451

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.