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Foundry Lane, Hayle Auction Guide Price £130,000

  • Photo 1
    Foundry Lane

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  • Development Opportunity
  • Former Commercial Premises
  • Residential Potential
  • Plot 18m x 12m
  • 2 storey building
  • Building 11m x 9m

For sale by the Modern Method of Auction: Starting price of £130,000 plus reservation fee. A development opportunity in Hayle with easy access to the shops and facilities of the town. There is potential to redevelopment in many different ways as the property has been used for commercial purposes and therefore would suit a wide variety of different uses. The property previously also previously had planning permission (now expired) for residential development, demolishing the existing building and building 4 flats with associated parking. The South West Property Auction powered by iam-sold Ltd.

Foundry Lane
Hayle TR27 4HP
County: Cornwall
Sale Type: For Sale
Ref #: CBS2165

The Plot

59' 1'' x 40' 7'' (18m x 12.38m)

The site is dug into a bank, has 18m road frontage and is 12.38m deep.

The Building

20' 3'' x 30' 5'' (6.16m x 9.26m) narrowing to 30' 1'' (9.16m)

The existing building is a slightly irregular shape.

Ground Floor

The ceiling height on the ground floor is 8' 1'' (2.46m)

First Floor

The first floor has a vaulted ceiling, in the centre of the building, the ceiling height is 11' 9'' (3.59m) at the eves, it is x 3' 8'' (1.12m).


An estimate is available in the office, from RBS Groundworks for connection to mains services.

Auctioneers 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.

Foundry Lane
Hayle TR27 4HP
County: Cornwall
Sale Type: For Sale
Ref #: CBS2165
Name Location Type Distance