For Sale5 Bedroom Commercial Property in Dracaena Avenue, Falmouth, TR11£600,000

This is a superb opportunity to purchase a chain-free, large, double-fronted family home a short distance from Falmouth town centre and seafront.  It is currently utilised as a licensed house of multiple occupancy (HMO)and lets to students grossing £3500 per calendar month.  Planning permission for a two-bedroom detached dwelling in the rear garden has also been granted. This property can either provide the new owner with an income from the existing tenants, with the option of building the dwelling to the rear to generate further income, or it could be converted back to a beautiful family home with an annexe in the rear garden. The property is entered via an entrance vestibule that leads to the entrance hallway with a staircase to the first floor, currently utilised as bedroom one, which was the original living room with a large bay window to the front.  Bedroom two is located to the rear of the property, as is bedroom three; both are double bedrooms.  There is a separate cloakroom/WC and a family bathroom.  The kitchen has a side entrance door and window, a generous range of working surfaces with cupboards and drawers below and matching wall-mounted units, a door leading to a breakfast room with French patio doors to the rear garden, and a door to the laundry/utility.  Bedroom Five is the former dining room with a large bay window to the front.   The first floor has a spacious landing area with a deep storage cupboard. Bedroom six is another double bedroom with a double-glazed window and Velux window, so it has lots of natural light. There is a shower room with a shower cubicle, wash hand basin, and WC. Bedroom seven is a generous double bedroom with dual-aspect double-glazed windows to the front and rear and a walk-in storage cupboard. Externally to the front, there is ample parking for five vehicles, steps lead up to the property where there is a sun terrace/patio, there is a garage to the left of the property, and a metal gate provides access to sheltered access to the rear garden.  The rear garden is mainly lawn enclosed by fencing and gated access to Ashfield Villas; this would be the access to the detached new-build. Falmouth town is approximately 1 mile away and has a wide range of local and national retail outlets, pubs, bars, and restaurants. At the far end of the town is the National Maritime Museum and Event Square, and opposite the property is a park and green space for sports and walking. Sainsbury's and Lidl are situated close by and can easily be walked, too. The Accommodation Comprises Entrance Vestibule Double-glazed French patio doors with side windows and tiled flooring. Entrance Hall A double-glazed front entrance door, laminate flooring, staircase to the first floor, telephone point, radiator and doors to. Bedroom One - Living Room A large double-glazed bay window to the front elevation and a double radiator. Bedroom Two A double bedroom with a double-glazed window to the rear aspect overlooking the rear garden, wood flooring and a double radiator. Bedroom Three A double-glazed window to the rear aspect, wood flooring and a double radiator. Bedroom Four​​ Bedroom four is situated at the front of the property and has a double-glazed window, wood flooring, a dado rail, and a double radiator. Bedroom Five - Dining Room Formerly the dining room, there is a large double-glazed window to the front and a double radiator. Kitchen There is a double-glazed side entrance door and window, laminate flooring, a generous range of working surfaces with cupboards and drawers below, matching wall-mounted units, a five-ring gas free-standing cooker with an extractor hood over, a 1 ½ bowl stainless steel sink with side drainer, tiled splashback, space for an American style fridge freezer and door to. Breakfast Room/Common Room There are double-glazed French patio doors to the rear garden and a double radiator. Laundry/Utility Room There is a double-glazed door to the rear garden and an access door to the garage.  There is a small worktop, a stainless steel sink with cupboards below, space for a washing machine and fridge/freezer. Bathroom There is a double-glazed window with obscure glass, tiled flooring, ½ tiled walls, and a four-piece bathroom suite comprising a panelled bath, double enclosure shower with glass screen and door, pedestal wash hand basin, vanity light with an electric shaver socket point, and a low-level WC. Cloakroom/WC There is a double-glazed window with obscure glass, tiled flooring, a pedestal wash hand basin and low-level WC and a Baxi central heating boiler. First Floor Landing There is a spacious landing with a Velux window, a staircase to the entrance hallway, eaves storage, loft access and a storage cupboard and doors. Bedroom Six A double-glazed window to the front and a Velux window flood this double bedroom with natural light, laminate flooring and a radiator. Bedroom Seven A generous-sized double bedroom with dual-aspect double-glazed windows, laminate flooring and a walk-in storage cupboard. Shower Room The bathroom has a Velux window and tiled floor, a single-enclosed shower with an electric shower, glass screen and door, a wash hand basin with cupboards and drawers below, and a low-level WC. Externally The front is tarmacked to provide off-road parking for at least five vehicles, with walling and fencing to both sides and the front. Steps lead up to a paved sun terrace/patio, and a metal side gate provides sheltered access to the rear garden. There is a garage to the left of the property. The rear garden has planning to build a two-bedroom detached dwelling with separate access via Ashfield Villas which could provide an additional revenue stream or family annexe.  The rear garden is mainly lawn with a paved sun terrace/patio. Services Mains electric, gas, water and drainage. Council Tax Band Band E EPC Rating Band D Agents Notes This is an excellent opportunity to purchase a fully licensed HMO with the potential to build a two-bedroomed detached residence in the rear garden and have an additional rental property or to turn this into a beautiful family home with an annexe for family members or rental income. Viewing is highly recommended to appreciate the accommodation available. Material information:   The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.   This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract is received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete 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 with be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.   Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.   To book a viewing visit Yopa.   Auctioneer's Comments:   This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.   The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.   Buyer Fees   Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of £6,600 including VAT a Legal Pack fee of £372 including VAT. This secures the transaction and takes the property off the market.   Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.   Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.