Lot 6 - Harbourlight Apartment, Alverton Terrace, Penzance, Cornwall, TR18 4JH
Lot 6 - Harbourlight Apartment, Alverton Terrace, Penzance, Cornwall, TR18 4JH
Guide Price* : £1+
- Unconditional Online Auction Sale
- 2 Bedrooms
- |
- 1 Bathroom
Lot 6 - Apartment for Homeowner Occupation / Investment
Description
ONLINE AUCTION FROM 11th NOVEMBER - 13th NOVEMBER 2025
This 2 bedroom apartment located in a popular area in Cornwall. Will make an ideal home or investment property for the right buyer.
It is need of work and modernisation.
Once refurbished and fully furnished you can holiday let the property on sites such as Airbnb and booking.com where thousands of tourists visit the town each year. If rented out as a serviced apartment for holiday lets it would generate approximately £32,000 per annum, once the apartment has been refurbished.
Penzance has a thriving business sector with a wide range of independent shops, cafes and galleries. Every year the town hosts the ever-popular and internationally famous Golowan Festival which is a celebration of midsummer and the Feast of St John – the patron saint of Penzance. The town welcomes tens of thousands of people to the week-long festival for colourful parades, dancing, music, street food, market stalls and firework display.
Ground rent:
£1.00 per annum
Service Charge:
No Service Charge
Video tour
Tenancies
To be sold with vacant possession.
Tenure
Advised Leasehold - (999 years lease) 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.
Guide Price* : £1+
- Unconditional Online Auction Sale
- 2 Bedrooms
- |
- 1 Bathroom
Lot 6 - Apartment for Homeowner Occupation / Investment
Viewing
Paul Fosh Auctions
Office Contact
Sean Roper
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.