Lot 166 Freehold Commercial Building With Planning For Re-DevelopmentAuction Date:
26th March 2026
40-41 Causewayhead, Penzance, Cornwall, TR18 2SS
A deceptively spacious freehold property situated within the centre of Penzance along the popular pedestrianised Causewayhead, which includes a good range of retail amenities, along with residential.
The property now has the benefit of planning permission for part commercial to the ground floor, with four residential flats (three one-bedroom and one two-bedroom) to the rear and upper floors.
Planning
Planning Permission has been granted by Cornwall Council, under ref: PA25/04649, dated 29th August 2025, for partial retention of ground floor commercial unit and conversion of upper floors and rear ground floor to residential use (4 no. flats), subject to conditions.
A copy of the Planning Permission and accompanying documents may be downloaded from the Local Planning Authority website, cornwall.gov.uk. Tel: 0300 1234 151.
Existing Accommodation
Ground Floor
Two substantial rooms plus one further room with access to first floor.
First Floor
Three rooms with access to flat roof.
Proposed Accommodation
Commercial
Ground Floor
Two retail spaces to the front.
Residential
Ground Floor
Unit 1
Open-plan living room/kitchen, bedroom and bathroom with W.C.
First Floor
Unit 2
Open plan living room/dining room/kitchen, two bedrooms and bathroom with W.C.
Unit 3
Open plan living room/kitchen, bedroom and bathroom with W.C.
Second Floor
Unit 4
Open plan living room/dining room/kitchen, bedroom and en-suite bathroom with W.C.
Freehold with Vacant Possession
Further Information
Katie Semmens/Steve Appleby
on 01392 366555
Viewings
- Tue 10th March
09:30 - Thu 12th March
15:30 - Tue 17th March
09:30 - Thu 19th March
15:30 - Tue 24th March
09:30
The viewing times for the lot are listed below, please make sure you book into the viewing either through the website or phoning 0345 8500333, as on occasions viewing times change or may be cancelled.
Book a new viewing or cancel an existing viewing for this property before 5pm the day before.
Service Providers
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Local Information
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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
