Lot 3 - Cote View Alexandra Road, Penzance, Cornwall, TR18 4LY

  • Unconditional Online Auction Sale
  • Guide Price* : £14,000+
  • Bedrooms: 2
  • Bathrooms: 1

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Lot 3 - Sea View Apartment for Owner Occupation / Investment

Description

ONLINE AUCTION FROM 11th NOVEMBER - 13th NOVEMBER 2025

A beautiful sea view 2 bedroom apartment in the popular area of Penzance, Cornwall.

Penzance is a seaport and popular resort town in Cornwall, England, located near Land's End, where thousands of tourists go each year to explore the area. It's a well-known resort town known for its promenade, clean beaches, and a temperate climate that supports gardens with tropical plants. People visit Penzance for its historic charm, access to iconic sights like St. Michael's Mount, beautiful beaches, and the Jubilee Pool. The town is also known as a gateway to exploring West Cornwall, its art and cultural scene, unique shops, and growing culinary offerings, making it a popular destination for both short breaks and longer holidays

This is a 2 bedroom apartment right on the sea front with on road parking. This property will make a fantastic holiday rental or for owner occupancy.

It is already refurbished to a good standard, this property just needs a little added personal touches such as pictures, mirrors (and of course furniture) then it is ready to list. This property will do well on sites such as Airbnb and booking.com. Or if you want it fully managed and be completely hands off then you can pass this onto bigger agents to take over. This can accommodate a family of 4 comfortably or with a sofa bed a family of 6. You can look at achieve in peak weeks around £1,800 - £2,000 per week. And in off peak season achieve around £1,000 – £1,200 per week. (these figures are taken from comparable of similar properties) Shorter stays are equally as popular and can generate more income for shorter stays. Changeover cost on average can be around £60 - £70 per clean including laundry – again depending on what you have inside the property I.e ornaments, bedding etc. less clutter the better.

This apartment has 2 well sized bedrooms, bathroom, lounge area and kitchen.

You really need to come and view this property to appreciate the spectacular views this property has to offer, and what an amazing location it is in.

Ground Rent:
£1.00 annually
Service Charge
No service charge

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Tenancies

To be sold with vacant possession

Tenure

Advised Leasehold - to be verified by solicitor.
999 year new lease with a share of the freehold

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) including VAT unless otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Paul Fosh Auctions
01633 254044

Office Contact

Sean Roper

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Auction Finance

As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.

If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.

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