The Property
This impressive building of significant character is positioned along Church Road in Pool, Redruth.
The property has the benefit of Conditional Listed Building Consent from Cornwall Council for its conversion into four dwellings, including the addition of garages, amenity areas and conservatories.
The consented scheme proposes a mix of two end-terrace and two mid-terrace homes, offering well-planned and versatile accommodation. Designs include open-plan living spaces, conservatories, and a combination of three and four bedroom layouts, alongside bathrooms, ensuites, utility areas and mezzanine features.
Each of the proposed dwellings will have the advantage of a double garage, with further visitor parking incorporated within the overall layout.
Overall, the property offers a compelling opportunity to transform a distinctive historic building into four high-quality residential homes, subject to the necessary consents.
This property is for sale by Online Auction.
The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract is received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance.
Reservation Fee
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
Reserve Price Terms
Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.
Auctioneer's Comments
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract are issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.
Buyer’s Premium Reservation
The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.
Fees Payable
The successful buyer will be required to pay the below non-refundable fees:
• Buyer's Premium: 3.6% of the purchase price plus VAT (subject to a minimum of £6,600 including VAT)
• Legal Pack Fee: £396.00 including VAT
The Buyer's Premium is payable in addition to the purchase price and may be taken into account when calculating Stamp Duty Land Tax (SDLT).
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Pleaseclick herefor more information.
Material information
If you intend to purchase using mortgage finance, you should satisfy yourself that the property is suitable for the purposes for which you intend to use it and that it meets your lender's requirements to secure lending before bidding.
A Legal Pack is available for this property and should be reviewed carefully before bidding. Neither GOTO Group nor the estate agent accepts any responsibility or liability for the accuracy or completeness of the Legal Pack and shall not be liable for any loss or damage arising from any inaccuracies, omissions or errors contained within it. Buyers should review the Legal Pack carefully, carry out their own due diligence and obtain independent legal advice where appropriate before proceeding.
