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5 bedroom block of apartments for sale
Flats 1-3, 12 Bay View Terrace, Newquay, Cornwall, TR7 2LR
£220,000
Flats 1-3, 12 Bay View Terrace, Newquay, Cornwall, TR7 2LR
£220,000
Our Summary
- FOR SALE BY PUBLIC AUCTION - Thursday 13th February 2025 Freehold residential property comprising 5 flats
- Freehold For more information, legal documents and a guide to the auction process visit our website and download the online auction catalogue
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- The reserve is a figure below which the auctioneer cannot sell the property during the auction
Description
This freehold residential property is being sold by public auction on February 13th, 2025, and comprises five flats. Flats 1, 2, and 3 are currently let on Assured Shorthold Tenancies, with estimated rental values of £540, £825, and £600 per month, respectively. Flat 2 is currently vacant and has an estimated rental value of £825 per month. Flats 4 and 5 have been sold on 125-year leases. The property has an estimated total rental value of £23,580 once Flat 2 is let. The guide price for the property is £13,680 per annum, and it will be sold subject to a reserve, which is a figure below which the auctioneer cannot sell the property during the auction.