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House For Sale £325,000
Gwavas Road, Newlyn, Penzance TR18


Description
Situated in an elevated position above the fishing village of Newlyn is this detached two storey artists studio offering huge development potential. The property enjoys large gardens with off street parking and enjoying sea views from two elevations being offered for sale with no onward chain via the modern method of auction. Mains water, electricity and drainage are already connected and viewing is very highly recommended.

Front door opening into:

living area: 28' 5" x 13' 5" (8.66m x 4.09m) Gas fire, windows to the front, side and rear all enjoying sea and distant rural views, double doors opening onto decking, sink unit, electric cooker point. Stairs descend to:

Lobby: Doors to:

Bathroom: 13' 7" x 6' 0" (4.14m x 1.83m) Bath, low level w.c., wash hand basin, two windows.

Room one: 12' 9" x 6' 3" (3.89m x 1.91m) Three windows.

Room two: 15' 3" x 6' 3" (4.65m x 1.91m) Two windows, door to the garden.

Room three: 6' 3" x 6' 0" (1.91m x 1.83m) Plumbing for washing machine.

Outside: The property is approached over a parking area for two vehicles, there are gardens to three sides offering huge development potential (subject to any necessary planning permissions) and laid to deciduous green hedges and established trees etc.

Auctioneers comment: This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% of the purchase price including VAT which 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 an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Marshall's Online Auction powered by iam-sold Ltd.

Agents note: A mining search raised potential issues historic mining in the area, drilling has taken place which confirms the property is free from any mining issues. A copy of the report can be made available from our Penzance office.

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