Lot 144 Commercial Property With Three Self-contained Letting Units Enjoying Sea ViewsAuction Date:
12th June 2024
Folly House, Promenade, Penzance, Cornwall, TR18 4HH
Situated in a prime location along the Penzance Promenade, enjoying stunning views over Mount's Bay and towards St. Michael's Mount. The property, formerly being Sophia's Restaurant, is now currently utilised as holiday letting accommodation, all of which is presented to a very good standard and comprises two one-bedroom self-contained ready-to-rent apartments plus one double letting room that is currently not in use.
A fantastic investment opportunity, or some may wish to explore alternative uses, such as reinstatement of commercial to the ground floor with living accommodation above, or part residential/part holiday use, subject to all necessary consents being obtainable.
Ground Floor
Communal entrance hall.
Apartment 1 (Trispen)
Inner hall, living/snug area opening through to modern kitchen/dining room, one double bedroom and shower en-suite.
Bed & Breakfast Room (Cubert)
One double bedroom with en-suite shower room.
Half landing
Utility room.
First Floor
Apartment 3 (Zelah)
Inner hall, modern kitchen, living/dining room and double bedroom with double en-suite shower room.
Outside
To the rear is an enclosed courtyard area, bin store and storage shed, along with fire exit access.
Auctioneer's Note
We have been informed by the Seller that the property has been a successful holiday letting business and the property can be viewed via Booking.com.
Local Planning Authority
Cornwall Council. Tel: 0300 1234 151. Website: cornwall.gov.uk.
Freehold with Vacant Possession
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
