METHOD OF SALE

Seamyst is offered for sale by Online Traditional Auction (unless sold prior via Bamboo/Stags auction conditions.) The auction end date is Tuesday 1st July 2025 at 5.30pm. The Vendor reserves the right to alter the lot prior to the auction end date.

TOWN AND COUNTRY PLANNING

Detailed planning permission was granted by Cornwall Council on 29th November 2023 (PA23/07591) for the extension and modification of the existing premises. On 14th May 2024 (PA23/10304), Cornwall Council granted planning permission for change of use of the retail element to residential and amalgamation with the existing residential space to form one dwelling. On 18th September 2024 (PA24/06396), condition 3 of PA23/10304 in respect of a scheme to minimize flooding by using flood resilient construction techniques in respect of doors and electrics was discharged by Cornwall Council.

DESCRIPTION

Seamyst is ideally situated on Beach Road in the centre of the village about a 200m level walk to the renowned surfing and recreational beach at Porthtowan. There is an adjacent convenient store and choice of bars and places to eat nearby. The popular resort of St Agnes is about 3.5 miles to the northeast and there are good communication links with a junction to the A30(T) about 3 miles, and a mainline railway station on the London Paddington line at Redruth, about 4 miles. Truro, being the commercial, administrative and retail centre of Cornwall is about 9 miles to the southeast. Seamyst is extensive and. as shown on the attached floor plans, extends to some 2,111 sq ft. There are some wellproportioned rooms which, reflecting the house’s period origins, benefit from high ceilings and large windows. Over the last year, the house has been the subject of significant alterations and improvements and today the property is offered for sale with well advanced works. The completion works required include electrics, installation of a kitchen and sanitaryware, installation of windows (7 replacement timber sash windows included), completion of underfloor heating systems, decking and landscaping, plastering, floor coverings, decoration and so forth. Outside to the front is a level terraced area with private off-road car parking for a few vehicles and at the rear the current planning allows for the creation of a lower level patio area and higher level decked sun terrace with first floor access. In summary, an opportunity to purchase and finish an on-going project to create a particularly spacious and well situated quality period residence in popular and sought-after Porthtowan. (Spare building materials on site included).

VIEWING

Strictly by prior appointment at specified times with Stags’ Truro 01872 264488.

DIRECTIONS

On reaching Porthtowan, turn into Beach Road and Seamyst will be seen on the left-hand side after about 300 yards. There is a For Sale board.

What3words: Retraced.Unto.Pounding.

SERVICES

Mains water, electricity and drainage connected. Underfloor heating via airsource heat pump. Broadband: Standard, Superfast, Ultrafast available (Ofcom) Mobile phone: 02 likely and EE/Vodaphone limited outside (Ofcom)

PROOF OF IDENTITY

Under Money Laundering Regulations 2017, it is a requirement for Estate Agents to perform due diligence checks on any person that intends to bid at auction. There will be a requirement for all bidders to register via the online sales site and complete the ID checks. There is no charge for registration.

BUYERS AND ADMINISTRATIVE FEES

The successful Purchaser(s) will be liable to pay the sum of £5,000. From this a Buyer’s Fee of £2,400 including VAT is retained by Stags/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price. An additional Administration Fee of £1,200 including VAT will be payable by the successful Purchaser immediately after the auction.

DEPOSIT PAYMENT

The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amount paid online) within 48 hours at the end of the Online Auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly. Payment is to be made via the Buyer’s solicitor to the Vendor’s solicitor. We therefore recommend all bidders clear Anti Money Laundering Regulations with their solicitor prior to the auction and make the balance of the deposit monies readily available for transfer immediately thereafter. 

AUCTION LEGAL PACK

A copy of the legal pack and Special Conditions of Sale are available online to be downloaded by the tab on the Online Auction Property Listing page. Prospective purchasers will need to register with Bamboo Auctions in order to download the legal pack. It is the purchaser’s responsibility to make all necessary enquiries prior to the auction. Prospective purchasers are strongly advised to inspect the legal documentation which may/will contain material information regarding the property and to consult legal advice prior to bidding.

SOLICITOR

Thurstan Hoskin Solicitors, Chapel Street, Redruth, Cornwall TR15 2BY FAO: Mr S Morrison. Email: [email protected] Telephone: 01209 213646

TENURE AND POSSESSION

Freehold with vacant possession. The completion date will be as dictated by the auction legal pack.

DEFINITION OF AUCTION GUIDE PRICE AND RESERVE

Guide Price is an indication of the Seller’s expectation. Reserve Price is a figure below which the auctioneer cannot sell the lot at auction. We expect the Reserve Price to be set within the guide range. Guide Prices may change at any time prior to the auction.

SPECIAL CONDITIONS OF SALE

Particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale/auction information pack and in case of any inconsistencies the provisions of the latter shall prevail. Special conditions of sale/auction information pack is available online. It is assumed that the Purchaser will have made all necessary enquiries prior to the auction.

IMPORTANT

Stags gives notice that: 1. These particulars are a general guide to the description of the property and are not to be relied upon for any purpose. 2. These particulars do not constitute part of an offer or contract. 3. We have not carried out a structural survey and the services, appliances and fittings have not been tested or assessed. Purchasers must satisfy themselves. 4. All photographs, measurements, floorplans and distances referred to are given as a guide only. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. 6. Whilst we have tried to describe the property as accurately as possible, if there is anything you have particular concerns over or sensitivities to, or would like further information about, please ask prior to arranging a viewing.

BUYERS AND ADMINISTRATIVE FEES

The successful Purchaser(s) will be liable to pay the sum of £5,000. From this a Buyer’s Fee of £2,400 including VAT is retained by Stags/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price. An additional Administration Fee of £1,200 including VAT will be payable by the successful Purchaser immediately after the auction.

DEPOSIT PAYMENT

The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amount paid online) within 48 hours at the end of the Online Auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly. Payment is to be made via the Buyer’s solicitor to the Vendor’s solicitor. We therefore recommend all bidders clear Anti Money Laundering Regulations with their solicitor prior to the auction and make the balance of the deposit monies readily available for transfer immediately thereafter.