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Lot 69
Guide Price: £85,000*

Auction Date: Tuesday 20th May 2025

Auction Venue: Online Virtual Auction, remote bidding only

Auction Time: 12:00


Flat 5, The Old Post Office, Fore Street, East Looe, Looe, Cornwall

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Property Description

A well presented fully furnished purpose built first floor studio apartment, situated to the rear of The Old Post Office in the heart of the popular seaside town of Looe in close proximity of Looe River, Banjo Pier and the beach. The apartment comprises of an open plan living/dining area with kitchen off, a screened double bedroom area with vaulted ceiling and atrium with electrically operated windows and blinds and a bathroom. The apartment has previously been utilised as a successful holiday lettings venture and is likely to appeal to both owner occupiers and the residential/holiday lettings fraternity to add to their portfolios, with the benefit of the remainder of a 999 year lease.


Situated

The ever popular seaside town of Looe is a thriving holiday destination with its sandy beach, Banjo pier and the South West Coastal Path. The town has a working harbour, a wide range of restaurants and bespoke shops, with a branch railway line to Liskeard.

Ground Floor

Communal entrance hall with staircase rising to all floors.

First Floor - Flat 5

Open plan lounge/dining/kitchen with screened double bedroom area off, bathroom.

Viewings

Strictly by prior appointment with Stratton Creber Looe 01503 262271. General enquiries Countrywide Property Auctions 01395 275691.

EPC Rating

C

Council Tax Band

Currently exempt as used for holiday lettings.

Lease Details

981 years remaining Service charge £1631.99 per annum Insurance £136.01 per annum Ground rent £150 per annum GET READY TO BID BY VISITING THE AUCTIONEERS WEBSITE

Tenure

Leasehold


Listed By

Property Auctions South West
Head Office
2 Cotton Street
Liverpool
L3 7DY

t. 01395 275 691
auctions@suttonkersh.co.uk

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* Guide Price

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve Price

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Buyers Fee

A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,500 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.

Legal Packs

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