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"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. It comprises of a tenanted ground floor studio maisonette, a vacant ground floor one bedroom flat, a tenanted one bedroom first floor flat, a tenanted two bedroom first floor flat and a tenanted two bedroom second floor flat. To be sold via online bidding on Friday, 25 April 2025.

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.

Description
Five flats, freehold, central Liskeard, Cornwall

Location
Liskeard, Cornwall, South West England, 0.3 miles to Liskeard railway station

Accommodation
Flat 1 first floor, one bedroom 3.086m x 2.581m , shower room 2.489m x 1.689m , living room 3.337m x 4.492m , kitchen 2.043m x 2.534m approx. 420 sqft

Flat 2 first floor, two bedrooms 3.761m x 2.922m, 4.987m 3.335m , living room 4.159m x 3.782m , kitchen 2.408m x 3.710m , shower room 1.644m x 1.770m , approx. 775 sqft

Flat 3 second floor, two bedrooms 3.676m x 3.574m, 4.187m x 2.258m , living room 4.85m x 3.857m , kitchen 2.207m x 3.741m , shower room 2.321m x 1.832m , approx. 678 sqft

Flat 4 ground floor, reception 2.051m x 4.418m , studio living area 4.009m x 4.403m , kitchen, shower room 1.324m x 3.147m , WC, approx. 323 sqft

Flat 5 ground floor, living room 3.249m x 3.265m , bedroom 2.346m x 3.232m , shower room 1.216m x 3.192m , approx. 258 sqft

Outside
Side aspect bricked patio area over two levels

EPC rating
Flat 1 E
Flat 2 E
Flat 3 E
Flat 4 E
Flat 5 D

Tenure
Freehold

Assured Shorthold Tenancy Rent Schedule
Flat 1 Vacant
Flat 2 £519.75 PCM
Flat 3 £456.75 PCM
Flat 4 £498.75 PCM
Flat 5 £456.75 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. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. 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. The Auctioneer reserves the right to refuse any bid.

Auction fees
In addition to the 10% deposit min. £5,000 of your winning bid, you must pay an auction buying commission of 2.5% plus VAT min. fee of £2,100 plus VAT of the purchase price and auction buying fee of £1,900 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding."