To be sold via Bradleys Online Auctions, powered by Bamboo Auctions! An exciting opportunity to acquire a project in a desirable seaside location. This substantial home offers beautiful sea views across the bay and once renovated could be truly special. Kitchen and utility have been demolished due to subsidence issues and will need to be rebuilt. Work will be required to ensure structural integrity of new construction as there are no traditional foundations. The current layout offers two bedrooms, one with walk in dressing room, living room, separate reception room and family bathroom. Newlyn is famous for being the home of the Newlyn School of Art which was established in the 19th century and is today a harbourside town with its own Cornish fishing scene. The harbour has been in existence for hundreds of years. Within walking distance to nearby Penzance with notable Victorian, Georgian & Regency architecture, the historic market town of Penzance forms a gateway to the stunning Land's End Peninsula & is set overlooking Mounts Bay. This bustling market town offers a wide range of amenities to include restaurants, local & specialist shops and character public houses. Material Information Freehold - Flying Freehold Exists with Neighbouring Mains Water, Electricity & Drainage Property & Courtyard Planning Permission: PA20/00484 Cornwall Council - Council Tax Band B Heating - Wood burner EPC - F Allocated parking via a Council permit Safety & Construction: Work will be required to ensure structural integrity of new construction as there are no traditional foundations. Engineers have advised that this is not uncommon for the area with options available. Construction Issues: Rear of property collapsed due to inappropriate construction. Survey report available. Planning Permission: Exists for reconstruction and improvements has started and valid. Asbestos Present. Rights of Way: Access through neighbouring property for bin collection Mobile Coverage: EE - Indoor: Limited & Outdoor: Likely Vodafone - Indoor: Limited & Outdoor: Likely O2 - Indoor: Likely & Outdoor: Likely Three - Indoor: Likely & Outdoor: Likely Broadband Coverage: Standard & Ultrafast Online Auction This property is being sold by conditional online auction and a non-refundable reservation fee of £5000 or 3.5% + VAT applies, whichever is the greater (in addition to the purchase price). If you are the successful bidder, you will be charged the amount of £5,000 + VAT (£6,000) or 3.5% +VAT, whichever is the greater, which will be processed online, immediately at the end of the auction, only if you are the successful bidder. You will then have 20 working days within which to exchange contracts, and a further 28 days to complete the purchase. Terms and conditions apply to the modern auction method of sale, which is operated by Bradleys Property Auctions. These details are subject to change up to and including the day of the auction. Please check our website regularly at: and look out for any additional materials available on the day of the auction, in order to stay fully informed with the up to date information. Definition Of A Guide Price And A Reserve Price 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, 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. Bids may be accepted by the system but the property will not sell if the bidding does not reach the reserve. 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.