Lot 8 - Seashell, Alexandra Road, Penzance, Cornwall, TR18 4LX

  • Unconditional Online Auction Sale
  • Guide Price* : £9,000
  • Bedrooms: 1
  • Bathrooms: 1

Lot 8 - Apartment Opportunity for Rental or Occupation

Description

ONLINE AUCTION from 3rd FEBRUARY-5th FEBRUARY

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

This is a studio apartment right on the sea front with on road parking. This property will make a fantastic holiday rental or for owner occupancy. The studio can accommodate 2 people comfortably, or with the addition of a sofa bed, a family of 4.

The property is at a high standard and has recently been renovated. Just some light decoration, such as pictures and furniture and it is ready to go.! New kitchen, new carpets, new doors. No work needed! You need to come and view this property to really appreciate the spectacular views.

This property will do well on sites such as Airbnb and booking.com, or if you want it fully managed, and to be completely 'hands off', you can pass this onto a agent using their managed services.,

At peak season, you can look at achieve around £1,200 - £1,500 per week, and in off peak, around £700 – £900 per week. (these figures are taken from comparable properties). Shorter stays are equally as popular and can generate more income. Changeover cost on average can be around £50 - £60 per clean, including laundry.

Penzance is a seaport and popular resort town in Cornwall, 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. 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.

What3Words - sensitive.orchids.physical

Lease Start Date

15/01/2026

Lease Duration

999 years (999 years unexpired)

Tenancies

To be sold with vacant possession

INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email lettings@paulfoshlettings.com for invaluable advice.

Tenure

Advised Leasehold - 999 years to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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
01633254044

Documents

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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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