INVESTOR - BUILDER - DEVELOPER - CASH BUYER - SELF BUILD OPPORTUNITY FOR SALE BY ONLINE AUCTION This property 'Stones Throw will be auctioned online on 25th March 2021 at 16:00 Guide £350,000 Auction is Traditional During the current government lockdown, ...
This property 'Stones Throw will be auctioned online on 25th March 2021 at 16:00
Auction is Traditional
During the current government lockdown, we are still happy to conduct both virtual and live viewings, live viewings are subject to certain criteria. In addition offers can be submitted for consideration prior to auction, if an offer is accepted it will remain subject to the auction rules which can be found in the auction pack. Please contact us to receive your auction pack and for any further queries you may have.
Standing on its own plot and with splendid views overlooking the Gannel estuary, Newquay.
Stones Throw is a substantial three/four bedroom detached property still to be completed therefore giving the opportunity to reconfigure the existing layout and design.
Designed with luxury living in mind, with a spectacular vaulted ground floor and mezzanine upper floor. Currently lived in but still to be finished, therefore adding the golden nugget of opportunity to finish to your exact requirements, taste and style. When completed there will be ample parking and further space to build a garage if desired, and the property enjoys its own dedicated entrance from the road.
There is ample scope to make alterations to the existing plan or to complete as it is. When completed and landscaped this will present itself as a very desirable detached residence in a much sought after area. We consider the property to be approximately two thirds complete, once completed we perceived that a substantial developers profit could be achieved or an increase in own equity or substantial potential profit realised upon estimated end value.
Currently the mezzanine is used as a flat with all required living facilities. A lounge area with a wood burner, a kitchen area, a bedroom area and a well appointed bathroom and walk in dressing room. From here the views reach over the higher reaches of the Gannel estuary.
Please refer to virtual tour, floor plan and photos.
Situation - Stones Throw is situated on the edge of the famous surfing resort of Newquay. There is a train connection from Newquay to Par and then direct to London Paddington line and Newquay Airport is just a short distance. Nearby is access to supermarkets, restaurants & cafes, a cinema and shops and of course the famous surfing at Fistral Beach
Mains water Mains drainage and sewerage Mains electricity Telephone is BT connection Broadband is BT connection
This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE ASKING PRICE. Bidders will be required to register in order to download the 'legal pack', if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid.
**Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.
**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.
Tenure - The property is offered for sale freehold and with Vacant Possession on completion and NO FORWARD CHAIN.
The property is sold subject to all local authority charges and is council tax band C but when complete will be E The local authority is Cornwall County Council, County Hall, Treyew Road, Truro, Cornwall, TR1 2AY Telephone: 0300 1234 100
None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent. Any maps, if used on the details are for identification purposes only. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. All figures, measurements, floor plans etc are for guidance purposes only. The property is sold subject to and with the benefit of all outgoings, rights of way, easements & way leaves there may be, whether mentioned in these general remarks and stipulations or particulars of sale
NB: There has been no VAT claim as yet, the successful purchaser will have the invoice history and will be able to use for a VAT claim