A shop with separate flat in the centre of Helston is among a series of “investment properties” going up for auction next month.
The three-storey building is at 7 Meneage Street and has Vapes Direct trading out of the ground floor flat.
Above is a two-storey maisonette, with two bedrooms across two floors.
It has been put up for auction with land and property auctioneers Clive Emson, with a freehold guide price of £110,000.
Senior auction appraiser Katie Semmens said: “This is a well-located property at the heart of Helston.
“It comes to auction with the benefit of an existing occupier of the ground-floor commercial premises and a separately accessed and good-sized maisonette with residential letting potential post updating works.”
A rental value of £725 per month – or £8,700 per annum – has been estimated for the maisonette after refurbishment work is completed, while the commercial premises already delivers £6,480 per annum, the auction house has said.
It is one of a number of Cornish lots at the auctioneers’ final sale of the year, ending on December 14, which have been described as “investment properties” by Clive Emson.
Another, in Perranporth, is a semi-detached property divided into one house and three flats that has a guide of £330,000 plus.
Located at 31 Blue Seas in Liskey Hill, it was previously let at £28,000 per annum. The house and two of its flats have two bedrooms each, while the third flat has one bedroom.
Katie said: “This is a large property with great sized communal gardens and parking.
“It was previously used as a successful rental and holiday let property for a number of years and is expected to appeal to investors seeking to start or add to their rental portfolio.”
A three-storey townhouse divided into three flats in Green Lane has a freehold guide price of £210,000 plus while a detached home called Polgrey Smithy in St Day is listed at £200,000 plus.
They are among the lots in the eighth and final sale of 2022 by regional land and property auctioneers Clive Emson.
At 9 Green Lane, also up for auction, each of the one-bedroom flats are currently let – delivering a total of £15,600 per annum, said the auction house.
Polgrey Smithy at West End in St Day has two bedrooms and was most recently used as a holiday let.
Katie said: “Both of these properties are likely to appeal to buy-to-let investors.
“The Green Lane apartments come to auction with the benefit of an immediate return on investment while Polgrey Smithy offers potential for continued use as a holiday let, as a rental property or owner occupation.”
Polgrey Smithy is being auctioned in arrangement with Bill Bannister estate agents of Redruth.
The Green Lane property is being auctioned in arrangement with MAP estate agents of Barncoose.
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