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Penpol Vean, Hayle Auction Guide Price £125,000

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    Penpol Vean
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    Penpol Vean
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    Penpol Vean

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  • Building Plot
  • Planning Permission for 3 Bed Detached House
  • Private Location
  • Views to St Ives
  • For Sale by Auction – T & C’s apply
  • Buyer’s Fees Apply
  • Subject to an Undisclosed Reserve Price

For sale by the Modern Method of Auction: Starting price of £125,000 plus reservation fee. A chance to acquire a detached dormer bungalow with mundic footings, it has permission for demolition and construction of a large new detached 3 bed house. Reference number BC18/00706/DOMFPP The existing property has views across the bay to St Ives. The property is accessed up a private road, there is parking and good sized gardens. The South West Property Auction powered by iam-sold Ltd.


Auctioneer's Comments:

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange 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 will be required to put down a non-refundable Reservation Fee of 4.2% or £6,000 including VAT which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by The South West Property Auction powered by iam-sold Ltd. Reservation Fee is in addition to the final negotiated selling price.


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Penpol Vean
Hayle TR27 4NH
County: Cornwall
Sale Type: For Sale
Ref #: CBS2044
The Property Ombudsman Rightmove