Chartered Surveyors and Business Property Specialists
Paul Collins Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247029
Email: pc@miller-commercial.co.uk

For Sale
1 of 5

Residential Investment, 3, Bank Place, Falmouth

Investments Residential for sale

£675,000 Guide price

Freehold

This is an exciting opportunity to acquire a landmark investment building within the Cosmopolitan Town of Falmouth. The building which would benefit from modernisation currently comprises 6 x 1 Bedroom flats and 2 x Studio Apartments. The building when fully occupied generates £40,000 per annum. The property is likely to appeal to investors and developers alike.

  • 6 x 1 BEDROOMED FLATS AND 2 x STUDIO APARTMENTS
  • CURRENT ANNUAL INCOME CIRCA £40,000 PA
  • GRADE II LISTED LANDMARK PROPERTY
  • POSSIBLE REDEVELOPMENT POTENTIAL
  • EPC’S (SEE LIST)

Property Brochure PDF Location Map

Location

The subject property is situated on Bank Place in the heart of the Harbourside town of Falmouth, which has seen significant investment in recent years and is also home to the rapidly expanding Falmouth University. The property is just moments from the Harbour, Event Square and several public car parks.

Description

This impressive Grade II Listed property is currently divided into 8 letting units comprising 6 x 1 bedroomed apartments and 2 studio apartments. the property is now available for sale owing to our client’s retirement plans with the building now requiring further investment and may appeal to those considering alternate use for the building such as a holiday letting units or similar.

The Accommodation Comprises

For the layout of the building please refer to the Floor Plan.

Schedule Of Rents Pcm

Flat A – £435
Flat B – £435
Flat C – £450
Flat D – £435
Flat E – £435
Flat F – £400
Flat G – £310
Flat H – £450

General Information

LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Energy Performance Certificates

Flat A = F32
Flat B = F38
Flat C = D59
Flat D = D55
Flat E = E44
Flat F = D59
Flat G = F27
Flat H = F27

Inventory

An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts.

Council Tax

All of the units are rated as Band A with each tenant being responsible for their own Council Tax.

Services

Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Contact Information

For further information or an appointment to view please contact:-

Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

Interested in this Property?
Connect with our Expert

Paul Collins Commercial Surveyor View Profile

Contact us about this property

Call: 01872 247029
Email: pc@miller-commercial.co.uk

Property Brochure PDF