Guide price
£145,000
Retail premises for saleFore Street, Liskeard PL14
Just added
About this property
Freehold property in a prime town centre location
Potential income (with basement refurbishment): 1,650 per month
Excellent potential to increase income with refurbishment of the basement studio
In a prime location
We have been informed by the vendor that there are no rates payable due to the small size of the shop.
Summary
*For sale via secure sale online bidding: Terms and conditions apply.*
We are pleased to offer to auction this great freehold investment opportunity - prime Fore Street location, Liskeard, Cornwall.
An exceptional investment opportunity has become available in the thriving market town of Liskeard, Cornwall. This versatile freehold property offers a blend of commercial and residential elements, generating immediate rental income with excellent potential for further development. Located on Fore Street, a busy thoroughfare with strong foot traffic, this property presents a great option for investors seeking both short-term gains and long-term growth.
Ground Floor Retail Space: The shop is currently leased to a local book seller on a 2-year contract, commencing from 01/10/2025. The tenant is paying 220 per month, ensuring a reliable rental income stream.
Spacious 3-Bedroom Flat: Two bedrooms with original fireplaces. Currently unoccupied.
Basement Studio Apartment: The basement offers the opportunity to create a 1-bedroom studio flat (with outdoor courtyard area), which requires refurbishment. Previously rented at 400 per month as of March 2020, this space has excellent potential to add value to the property. With renovation, it can quickly become another source of income.
Don't miss out on this fantastic investment opportunity offering both current income and future value potential in a highly desirable location!
Please note we have not inspected this property.
Location
The subject property is located along Fore Street, a commercial street in Liskeard. The property is well situated and benefits from being close to shops, local transport links and road access. Liskeard is a bustling market town in southeast Cornwall, known for its historic charm and excellent transport links. Fore Street is the heart of the town's commercial district, providing ample opportunities for business growth and strong rental demand. The property is well-positioned near amenities, local shops, and transportation.
Accommodation
Laid out over four floors (including entrance hallway), kitchen, bathroom, WC and sink on Bedroom level, large dual aspect lounge with original plasterwork features.
Tenure
Freehold. Title number CL176868.
Rateable Value
We have been informed by the vendor that there are no rates payable due to the small size of the shop.
The current rateable value is 5,000 (1 April 2023 to present).
Sourced from voa.
Council Tax
Band A.
We have been informed by the vendor that there is no Council Tax to pay on the basement flat, until renovations are complete and the Council tax for the 3 bed flat above the shop is band A, but paid for by the vendor.
EPC
We are currently awaiting a copy of the energy performance certificate.
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Auctioneers Additional Comments
Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
*For sale via secure sale online bidding: Terms and conditions apply.*
We are pleased to offer to auction this great freehold investment opportunity - prime Fore Street location, Liskeard, Cornwall.
An exceptional investment opportunity has become available in the thriving market town of Liskeard, Cornwall. This versatile freehold property offers a blend of commercial and residential elements, generating immediate rental income with excellent potential for further development. Located on Fore Street, a busy thoroughfare with strong foot traffic, this property presents a great option for investors seeking both short-term gains and long-term growth.
Ground Floor Retail Space: The shop is currently leased to a local book seller on a 2-year contract, commencing from 01/10/2025. The tenant is paying 220 per month, ensuring a reliable rental income stream.
Spacious 3-Bedroom Flat: Two bedrooms with original fireplaces. Currently unoccupied.
Basement Studio Apartment: The basement offers the opportunity to create a 1-bedroom studio flat (with outdoor courtyard area), which requires refurbishment. Previously rented at 400 per month as of March 2020, this space has excellent potential to add value to the property. With renovation, it can quickly become another source of income.
Don't miss out on this fantastic investment opportunity offering both current income and future value potential in a highly desirable location!
Please note we have not inspected this property.
Location
The subject property is located along Fore Street, a commercial street in Liskeard. The property is well situated and benefits from being close to shops, local transport links and road access. Liskeard is a bustling market town in southeast Cornwall, known for its historic charm and excellent transport links. Fore Street is the heart of the town's commercial district, providing ample opportunities for business growth and strong rental demand. The property is well-positioned near amenities, local shops, and transportation.
Accommodation
Laid out over four floors (including entrance hallway), kitchen, bathroom, WC and sink on Bedroom level, large dual aspect lounge with original plasterwork features.
Tenure
Freehold. Title number CL176868.
Rateable Value
We have been informed by the vendor that there are no rates payable due to the small size of the shop.
The current rateable value is 5,000 (1 April 2023 to present).
Sourced from voa.
Council Tax
Band A.
We have been informed by the vendor that there is no Council Tax to pay on the basement flat, until renovations are complete and the Council tax for the 3 bed flat above the shop is band A, but paid for by the vendor.
EPC
We are currently awaiting a copy of the energy performance certificate.
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Auctioneers Additional Comments
Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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