Lot 22 - Drift Wood, Alexandra Road, Penzance, Cornwall, TR18 4LY

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

Lot 22 - Commercial Opportunity

Description

ONLINE AUCTION from 3rd FEBRUARY-5th FEBRUARY

This building is in the perfect central location to open a business or move business premises. This commercial property comprises of one level with a storage room to the rear.

It could be opened as a hair salon and possibly a nail bar, Dog groomers, ice cream shop, takeaway coffee shop, takeaway snack bar, estate agency, or as an office base - the options are endless. The building is in good condition, so with relatively minor works, it could be moved into quickly depending on future use plans.

If you're looking at buying it as an investment and not for your own business use, you could rent a unit like this out for around £795 pcm depending on use.

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.

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

Legal 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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