Retail in PL14

Fore Street, Liskeard, Cornwall, PL14 3JA

Brochure

Tenure: Freehold

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Starting bid£145,000

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Key Information

Parking: On Street

Property features

Freehold property in a prime town centre location
Potential income (with basement refurbishment): £1,650 per month
Excellent potential to increase income with refurbishment of the basement studio
In a prime location
We have been informed by the vendor that there are no rates payable due to the small size of the shop.

Retail in PL14

*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer to auction this great freehold investment opportunity - prime Fore Street location, Liskeard, Cornwall.

An exceptional investment opportunity has become available in the thriving market town of Liskeard, Cornwall. This versatile freehold property offers a blend of commercial and residential elements, generating immediate rental income with excellent potential for further development. Located on Fore Street, a busy thoroughfare with strong foot traffic, this property presents a great option for investors seeking both short-term gains and long-term growth.

· Ground Floor Retail Space: The shop is currently leased to a local book seller on a 2-year contract, commencing from 01/10/2025. The tenant is paying £220 per month, ensuring a reliable rental income stream.

· Spacious 3-Bedroom Flat: two bedrooms with original fireplaces. Currently unoccupied.

· Basement Studio Apartment: The basement offers the opportunity to create a 1-bedroom studio flat (with outdoor courtyard area), which requires refurbishment. Previously rented at £400 per month as of March 2020, this space has excellent potential to add value to the property. With renovation, it can quickly become another source of income.

Don’t miss out on this fantastic investment opportunity offering both current income and future value potential in a highly desirable location!

Please note we have not inspected this property.

Location

The subject property is located along Fore Street, a commercial street in Liskeard. The property is well situated and benefits from being close to shops, local transport links and road access. Liskeard is a bustling market town in southeast Cornwall, known for its historic charm and excellent transport links. Fore Street is the heart of the town's commercial district, providing ample opportunities for business growth and strong rental demand. The property is well-positioned near amenities, local shops, and transportation.

Accommodation

Laid out over four floors (including entrance hallway), kitchen, bathroom, WC and sink on Bedroom level, large dual aspect lounge with original plasterwork features.

Tenure

Freehold. Title number CL176868.

Rateable Value

We have been informed by the vendor that there are no rates payable due to the small size of the shop. The current rateable value is £5,000 (1 April 2023 to present). Sourced from VOA.

Council Tax

Band A. We have been informed by the vendor that there is no Council Tax to pay on the basement flat, until renovations are complete and the Council tax for the 3 bed flat above the shop is band A, but paid for by the vendor.

EPC

EPC rating B - full report available on request.

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

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