Lot 18 - Pine Sway Alverton Terrace, Alverton Road, Penzance, Cornwall, TR18 4JH
Lot 18 - Pine Sway Alverton Terrace, Alverton Road, Penzance, Cornwall, TR18 4JH
Guide Price* : £1+
- Unconditional Online Auction Sale
Lot 18 - Commercial Opportunity
Description
ONLINE AUCTION from 16th DECEMBER - 18th DECEMBER 2025
This commercial shop is an excellent opportunity to open your own business. Formally known as being a sweet shop, this shop offers a small, unique space in a great busy location.
Enter via the front door. There is a large front shop/office space, as well as 2 rear back rooms for storage etc, along with a toilet and sink.
There are several other shops in the same location that operate this sort of shop layout to be used as an office for an estate agents, small gift shop, or a bakery. Great location and opportunity for a salon based, hair salon, nail bar, dog groomers or even a small sandwich shop.
Should you look at purchasing the shop for investment and potentially rent the unit commercially, you are looking at around £695pcm - £720pcm on a commercial lease.
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.
Lease Start Date
26/11/2025
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 - 999 years
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
Lot 18 - Commercial Opportunity
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.
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