- For sale by online auction +
- Register at tcpa.co.uk +
- Ideal Location +
- Tenant in situ +
- Income generating investment +
- Low charges +
For sale by Online Auction - 27th of November at 10:00.
2 Bedroom Flat
Description
This two-bedroom flat is ideally located in the heart of Penzance. Set within a traditional period building on Albert Street, the property offers immediate income potential with a tenant already in situ, generating £675 PCM. Making it an excellent ready-made investment opportunity.
The flat features two bedrooms, a well sized bathroom, and a bright open-plan living area with fitted kitchen. Situated moments from the seafront, town centre shops, cafs, and Penzance railway station, it offers convenient access to all local amenities.
Offered leasehold, with there being no service charge and a £50 PA Ground rent - The owner must contribute £250 PA for insurance. The property represents a low-maintenance investment in a consistently strong rental area, with good long-term demand from local tenants and seasonal workers.
Tenure
Leasehold - 950 Years from 2005
Legal PackA legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.
Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.