Vendor: Receiver

An extensive double fronted property (6,404 sq. ft, source EPC) arranged over 4 floors in Penzance town centre. Development potential for residential or mixed use, vacant

Description/Location

The property is arranged on 4 floors comprising a double fronted ground floor shop, originally 2 separate units. Additional sales area and toilet facilities to the rear of the ground floor. A dual staircase leads to the first floor sales area with a mainly open plan layout. The second floor comprises 6 large store rooms with the third floor providing additional storage facilities. The property has been extended at the rear and has access to a Pay & Display car park. A pre planning application has been made to Cornwall Council, PA23/01430/PREAPP, for change of use and redevelopment with upper floors as residential use comprising; ground floor retail with 3 (No.) flexible units and 11 flats above (a mix of 1, 2 & 3 bedroom units). Development potential for commercial, residential or mixed uses subject to planning.

Tenure

Freehold

Local Authority

Cornwall Council 0300 1234 100

Viewing

Please contact Charles Darrow on 01637 822822.

Accommodation

Ground floor: Front sales area 1,498 sq. ft. Rear sales area 898 sq. ft. Storage 291 sq. ft. staff toilet facilities First floor: sales area 855 sq. ft. Second floor: Storage 1,455 sq. ft. Third floor: Storage 423 sq. ft.

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.