Lot 27 Commercial Property With PotentialAuction Date:
7th February 2024
40-42 Causewayhead, Penzance, Cornwall, TR18 2SS
On the instructions of the Receivers
A substantial freehold property situated within the centre of Penzance along the pedestrianised Causewayhead which includes a range of retail amenities and residential provision.
Previously utilised as a bakery, the property requires a comprehensive programme of improvement works and has suffered some fire damage which has been confined to part of the property. Alternatively, individuals may wish to consider a range of development schemes including sub-division or part conversion, subject to all necessary consents being obtainable.
Accommodation
Substantial ground floor accommodation which includes retail space and bakery production rooms with ancillary office, storage and former staff facilities located on the first floor.
Local Planning Authority
Cornwall Council. Tel: 0300 1234 151. Website: cornwall.gov.uk.
EPC Information
The EPC for the property states the total floor area to be 331 sq.m and the energy rating to be D (91).
Site Measurements
The site extends to approximately 0.02 hectares (0.06 acres).
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
