Property for sale in Mermaid Hotel, The Coombes, Polperro, Looe, Cornwall PL13

Guide price £175,000
Interested in this property? Call +44 1395 214489 * or Request Details

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Property for sale - 4 bedrooms

4 2

Tenure:
Freehold
Council tax band:
Not available

Property features

  • Countrywide Are Pleased To Offer For Sale By Public Auction On : Thursday, 23 May 2024 at
  • Virtual Livestream Online Auction
  • Lot Number : 87
  • Vacant Commercial
  • Freehold
  • £175,000 +

Property description

A deceptively spacious freehold licensed premises of circa 215 square metres requiring refurbishment, set in the heart of the fishing village of Polperro, having in the past traded as a restaurant, pizzeria and as a hotel with additional owners accommodation. The main accommodation is set over three storeys, with an additional loft room and a cliff top garden area accessed via external steps from the top floor. This versatile property would lend itself to a variety of configurations and uses of the existing accommodation, subject to any requisite consents, with perhaps the potential for conversion into residential apartments upon which interested parties must make and rely upon their own planning enquiries of Cornwall Council planning department.

Situated
The traditional fishing village of Polperro is a popular tourist destination steeped in history, retaining its original character and a working harbour, offering a range of bespoke shops, cafes and public houses, with further facilities and amenites available at Looe circa 3 miles.

Ground Floor
External steps leading up to the entrance hall, restaurant and bar, commercial kitchen with access to the side alleyway, prep/storage area.

First Floor
Lounge/kitchen/diner, two double bedrooms, bathroom with fire escape to ground floor level, store room and WC.

Second Floor
Landing area with access to external steps leading up to the elevated garden, sitting room, double bedroom and shower room.

Third Floor
Dual aspect loft room with sleeping platform.

Viewings
Strictly by prior appointment with Stratton Creber Looe . General enquiries Countrywide Property Auctions .

Voa Rating
£5,400

EPC Rating

Tbc


Note
Part of the restaurant dining area forms a small flying freehold over part of a street level commercial premises below. The Mermaid Hotel & Pizzeria have ceased trading but still remain licenced premises.

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guide prices & reserve prices

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 the case, 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. 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.
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For more information about this property, please contact
Countrywide Property Auctions - South West, L3 on +44 1395 214489 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Countrywide Property Auctions - South West, and do not constitute property particulars. Please contact Countrywide Property Auctions - South West for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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