Block of flats for sale in Elizabeth House, Church Street, Liskeard, Cornwall PL14

For sale by auction: To be sold by public auction on the owner's instruction. A freehold block of five tenanted flats in need of modernisation and repair with a gross annual yield of £28,584 (11.4%) in historic Liskeard, Cornwall. It comprises of a tenanted ground floor studio maisonette, a tenanted 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, 13 September 2024.

Auctioneers comments: 'A unique opportunity to buy a freehold block of five tenanted flats in need of modernisation and repair with a gross annual yield of £28,584 (11.4%) in historic Liskeard, Cornwall.'

Auction date
The property is to be sold by public auction on Friday, 13 September 2024 via a 2-hour online bidding window.

Description
Five tenanted 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: £450.00 pcm
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
To be confirmed