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6 bedroom block of apartments for sale
Elizabeth House, Church Street, Liskeard, Cornwall, PL14 3AG
£190,000
Elizabeth House, Church Street, Liskeard, Cornwall, PL14 3AG
£190,000
Our Summary
- FOR SALE BY AUCTION: To be sold by public auction on the owner's instruction
- A freehold block of five flats in need of modernisation and repair with a gross annual yield of £28,584 (15%) when fully tenanted and located in historic Liskeard, Cornwall
- Auctioneer's comments: 'A unique opportunity to buy a freehold block of five flats in need of modernisation and repair with a gross annual yield of £28,584 (15%) in historic Liskeard, Cornwall, when fully tenanted
- ' Auction date The property is to be sold by public auction on Friday, 25 April 2025 via a 2-hour online bidding window
- 75 PCM Note: the signed tenancy agreement rental amounts differ for certain flats due to Section 13 rent increases over time (see legal documents) Local authority and council tax band Cornwall Council Council tax band: A (all flats) Pre-auction bids To make a pre-auction bid, you must be an approved bidder
- The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable
- Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min
- £5,000) and all auction fees listed
- Auction fees In addition to the 10% deposit (min
- £5,000) of your winning bid, you must pay an auction buying commission of 2
- fee of £2,100 plus VAT) of the purchase price and auction buying fee of £1,900 plus VAT
Description
A freehold block of five flats in historic Liskeard, Cornwall, is being sold by public auction on April 25, 2025. The property needs modernization and repair, but offers a gross annual yield of £28,584 (15%) when fully tenanted. The block comprises a tenanted ground floor studio maisonette, a vacant ground floor one-bedroom flat, and three tenanted flats with one, two, and two bedrooms respectively. The property is located near Liskeard railway station and has a side aspect bricked patio area. The flats are tenanted under Assured Shorthold Tenancy agreements, with rent schedules ranging from £456.75 to £519.75 per calendar month. The property has an EPC rating of E for four of the flats and D for one, and is being sold with a 10% deposit and auction fees. Potential buyers can make pre-auction bids, but must be approved bidders and pay a security deposit.