Property description

A one bedroom first floor flat requiring refurbishment/repair enjoying an elevated position in a no-through road, with far reaching panoramic views of the harbour, estuary, the Roseland Peninsula, along with Pendennis Castle and Keep from the bay window. The flat is one of four flats in this converted Victorian Villa, having the benefit of a 999 year lease which commenced in 2004 plus a quarter share of the freehold and management company. The property can be let on an assured shorthold tenancy basis but cannot be used for holiday lettings. Cash buyers only.

Situated
Pikes Hill is a no-through road, set between Gylling Street and Wodehouse Terrace, with on street parking available and just three streets back from the favoured waterside district of Falmouth, in proximity of the harbour, dockyard and Arwenack Street with a comprehensive range of bespoke shops, cafés and restaurants.

Ground Floor
Communal entrance hall with stairs rising to the first floor landing.

Flat 4
Entrance hall, lounge/diner, galley kitchen, double bedroom and bathroom.

Auctioneers Notes
A copy of the building survey will be available within the legal pack. Whilst the damp and timber issues have been addressed and treatment has taken place to resolve these issues, there is evidence of some structural movement affecting the building, with remedial works estimated to repair the structure currently at circa £50,000, the cost of which would be divided equally between the four leaseholders.

The maintenance/service charge is £75 per month. Ground rent £10 per annum.

Viewings
Strictly by prior appointment with Miller Countrywide Falmouth . General enquiries Countrywide Property Auctions .

EPC Rating
EPC - E


Get ready to bid by visiting the auctioneers website

guide prices & reserve prices

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

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

Countrywide Are Pleased To Offer For Sale By Public Auction On : Thursday, 14 July 2022 at

Virtual Livestream Online Auction

Lot Number : 4

Vacant Residential

Leasehold

£100,000 - £125,000