Lot 24 - Drift and Dune Alexandra Road, Penzance, Cornwall, TR18 4LY

  • Unconditional Online Auction Sale
  • Guide Price* : £5,000+
  • Bedrooms: 0

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Lot 24 - Commercial Unit for Investment

Description

ONLINE AUCTION FROM 11th NOVEMBER - 13th NOVEMBER 2025

This is a commercial building 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.

Previously being used as a design studio, it has one room and a rear bathroom/toilet.

The building is in great condition and can be ready to be moved into depending on the business. It can be a hairdressers, dog groomers, sweet shop, gift shop, ice cream shop, takeaway coffee shop, the options are endless. And where it is located it will a gem for the locals and the tourists visiting the popular area. If your looking at buying it as an investment and not for your own business use, you can rent an unit like this out for around £795 pcm depending on use.

Ground rent:
£1.00 annually
Service Charge:
No Service Charge

Video tour


Tenancies

To be sold with vacant possession

Tenure

Advised Leasehold - to be verified by solicitor
New 999 year 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

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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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