Lot 41 - Airspace, Alexandra Road, Penzance, Cornwall, TR18 4LY

  • Unconditional Online Auction Sale
  • Guide Price* : NIL
  • Bedrooms: 5

Lot 41 - Development Opportunity

Description

ONLINE AUCTION from 19th MAY - 21st MAY

Perched above a block of two contemporary flats in Penzance, this exceptional airspace offers a rare opportunity to create something truly special in one of the UK’s most picturesque coastal settings. With uninterrupted sea views stretching across the horizon, the property enjoys a front-row position to the ever-changing beauty of the Cornish coastline, with the sea quite literally on your doorstep.

This elevated position enhances both privacy and natural light, making it an ideal setting for a bespoke residential development. Subject to the necessary planning permissions, the airspace presents excellent potential to be developed into a well-proportioned 1 x one bedroom apartment and 2 x two-bedroom apartment, perfectly suited as a coastal home, holiday retreat, or investment opportunity. The top floor two bedroom apartment would be a one of a kind opportunity and offers unrivalled views from its beach front location.

Conveniently located within easy reach of the town’s harbour, local amenities, and transport links, the setting offers a balance of tranquillity and accessibility. Combining modern potential with a highly desirable seaside outlook, this is a unique opportunity to secure a prime coastal position in Cornwall.

CGI images have been added to show potential.

Lease Start Date

01/05/2026

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 - to be verified by solicitor
Ground rent £1

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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Office Contact

Sean Roper
01633254044

Documents

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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