Church Street, Launceston, Cornwall, PL15

**legal pack available for download**

For sale by public auction (unless sold prior) 7pm on Wednesday 24th July 2024 at Lifton Strawberry Fields | Renovation with opportunity to add significant value | Two newly refurbished retail premises | Part completed renovation of 2 x 2-bedroom maisonettes | Additional 2-bedroom property | Rear yard space and independent access for residential units | Located at the heart of Launceston’s prime retail area | Grade II listed building

DESCRIPTION
For sale by public auction (unless sold prior) 7pm on Wednesday 24th July 2024 at Lifton Strawberry Fields, Lifton, Devon.

A wonderful opportunity to add significant value to a part completed project in the centre of town. This large landmark property once completed will comprise of three residential dwellings and two retail units (which are already completed.

The work completed thus far has been done to a high standard with full building control and structural drawings already produced, available to the successful purchaser.

Internal inspection highly advised to appreciate the size of the property and the potential it contains.

The residential element will comprise of two stunning maisonettes over 3 floors each with well sized living quarters.

The rear dwelling will be two bedroom with split level and large open plan living space.

A huge amount of investment has already been made in the property and the legal pack contains many receipts and correspondence in this regard, with full transparency being demonstrated by the current owners.

ACCOMMODATION AS PLANNED APPROX:

Shop 1: 28.26m2
Comprising of a retail area and separate cloakroom to the rear of the property.

Shop 2: 28.39m2
Comprising of a retail area and separate cloakroom to the rear of the property.

Flat 1: 79.3m2
Stunning maisonette over three floors with lounge, kitchen, bathroom and two bedrooms.

Flat 2: 66.7m2
Stunning maisonette over three floors with lounge, kitchen, bathroom and two bedrooms.

Rear Dwelling: 62.0m2
Split level property with large open plan living space, two bedrooms and shower room.


BUILDERS COMMENTS OF WORKS COMPLETED:

• All internal old plaster works, Lath-plaster removal from ceilings & walls.
• Fire brake installed between flat 1&2 roof/loft space including insulation & double fire boarding completed.
• Building of new ceilings to flat 1&2 ready for over boarding & plastering.
• New stud work wall dividers for bedroom & bathroom built from 4x2” CLS, ready for over boarding & insulation
• External walls to bedrooms & lounge areas have been insulated & over boarding ready for plastering.
• Pipes have been boxed in, insulated & overboard ready for plastering.
• Both flats 1&2 main lounge floors have been uplifted & new sound proofing insulation installed. Both floors have been fitted with 22mm T&G floor ready for coverings.
• First fix plumbing has been installed to both flats 1&2 ready for 2nd installation to kitchen & bathrooms. Including mains water supply.
• Both party walls have been insulated, over boarded with Acoustic & Fire boards. All to building control/regulations. That is on both floors.
• Basement Completed to Building Regs / Control requirements and as per Trewin’s Architects plans.

ELECTRICIANS COMMENTS OF WORKS COMPLETED:

RETAIL UNITS

• Both shops completed, testing and fire alarm being tested Tuesday 11th June.
• Certificates can be seen.

FLATS 1 & 2

• Mains supply cables ready to be installed and Landlords board.
• Data cable to each flat from basement.
• Some cabling put in to flats and started sockets.

AGENTS NOTES
Please note the comments of works completed should be checked by a competent person on behalf of the buyer. Kivells as auctioneers and the Vendors accept no liability or responsibility should this not be as described. Buyers should only rely on their own investigations.

OUTSIDE
A pedestrian door accessed from Church St, allows access to the side of the property to the dwelling and flats entrance. There is also a rear courtyard with pedestrian gate to Market St.

SERVICES
Mains water, drainage and electricity. Gas connection is available in the vicinity and a quote has been obtained for connection. Gas connection permission granted by CC

COUNCIL TAX BAND
New rates to be confirmed.

BUSINESS RATES
New rates to be confirmed.

EPC RATING
15 Church Street Retail – Band C
17 Church Street Retail – Band C
Residential properties – TBC

WHAT.3.WORDS.COM LOCATION
routs.than.conjoured

VIEWINGS
Please ring to view this property and check availability before incurring travel time/costs. FULL DETAILS OF ALL OUR PROPERTIES ARE AVAILABLE ON OUR WEBSITE

AUCTION VENUE AND DATE
Lifton Strawberry Fields, Lifton, Devon PL16 0DE on INSERT DATE HERE at 7pm.

REGISTRATION
Please note ALL BIDDERS, including Kivells existing clients, will need to register with Kivells on the night of the auction in order to comply with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the "Regulations") – as of 26th June 2017.

Bidders will be required to provide one form of government issued photographic identity and a utility bill addressed to them at their home address, dated within 3 months of the date of the auction. Failure to do this, may prejudice your ability to bid on the night.

ONLINE BIDDING
Online bidding registration will be available 10 days before each auction and all bidders must register at least 48 hours prior to the auction. For further information, please visit or contact your local Kivells office.

BUYER’S ADMINISTRATION FEE
All successful buyers at Kivells’ Property Auctions should note that on exchange of contracts, a Buyer's Administration Fee of £2,000 plus VAT (Total: £2,400 inc VAT) is payable to Kivells on the night of the auction. This fee can be paid by either bank transfer, personal cheque or debit card.

Please note if the lot is sold prior to auction, or afterwards, these fee’s remain payable. There are no discounts for multiple lots purchased and you must consider this when bidding/offering prior.

The successful buyer will also be required to reimburse the vendor for the contribution to searches in the sum of: £870.69

SOLICITOR
Helen Davies
WBW Solicitors
Westgate
Launceston
PL15 9AD

AUCTION PAYMENT
A 10% deposit will be required to be paid by the successful bidder upon the fall of gavel and at this point the contract is legally binding. The deposit has to be paid to Kivells as auctioneers and can only be paid in the form of a cheque or bank transfer.

ALL bidders must only bid if they can make this payment.

Cheques must be drawn on a bank or branch of a bank in the United Kingdom, any other cheques may be rejected and it will the responsibility of the purchaser to ensure they have the correct method of payment available at each auction.

TENURE
Freehold.

LOCAL AUTHORITY
Cornwall Council.

EASEMENTS, WAYLEAVES, RIGHTS OF WAY
The property is offered for sale, subject to and with the benefit of all matters contained in or referred to in the Property and Charges Register of the registered title together with all public or private rights of way, wayleaves, easements and other rights of way, which cross the property.

BOUNDARIES
Any purchaser shall be deemed to have full knowledge of all boundaries and neither vendor nor the vendor’s agents will be responsible for defining the boundaries or the ownership thereof. Should any dispute arise as to the boundaries or any points on the particulars or plans or the interpretation of them, the question shall be referred to the vendor’s agent whose decision acting as experts shall be final.

GUIDE PRICES
Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

The reserve price is the minimum price at which the property can be sold, both the guide price and reserve price may be subject to change up to and including the day of the auction.

Please note that all prices listed, whether prior to or post auction, are subject to contract.

The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

IMPORTANT NOTICE

Kivells, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are
approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Kivells have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.