2 bed block of flats for sale

Wherry Flats, 1, 2 & 3 Alexandra Road, Penzance, Cornwall TR18

Guide Price £445,000* Plus 5% Buyers Premium + VAT

For sale by unconditional online auction on the 29th of May 2025.

Registration is now open, bidding opens on 29th of May at 10:00 and ends on 29th of May at 12:45.



Three Seaside Flats One Exceptional Investment Opportunity in the Heart of Penzance

Description
A rare chance to acquire a freehold block comprising three self-contained flats, ideally located just moments from the stunning Penzance seafront. Nestled on Alexandra Road, this attractive property offers strong rental potential in a high-demand area, making it ideal for buy-to-let investors, holiday let operators, or those seeking a home-plus-income opportunity.

** please note the rest of the building is for sale by seperate listing: **

Key Features:

Prime Coastal Location
A short stroll from the beach, promenade, and town centre close to cafs, shops, galleries, and transport links.

Versatile Living Spaces
Three self-contained flats (mix of 1-bed and 2-bed layouts subject to confirmation), each with its own access and utilities.

Flat 1,1-bed flat
Flat 2,2-bed flat
Flat 3,2-bed flat

Investment Potential
High demand for both long-term rentals and short-term holiday lets in this popular Cornish town.

Freehold Title
Offered with full freehold ownership, providing long-term security and flexibility.

Additional Information:

Potential for Improvement: Flats would benefit from cosmetic updating an excellent value-add opportunity

Current Tenancy Status: Vacant

Structural Survey: Available on request for interested buyers

Council Tax Bands: Flats 1,2 & 3 - A

EPCs: Flat 1,2 & 3 - D

Whether you're looking to expand your property portfolio or secure a foothold in one of Cornwall's most iconic coastal locations, this multi-unit property is not to be missed.

We understand there are structural issues with the property, and a structural survey is available for interested parties.

Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit .

Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit .

Unconditional lot Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of id, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the legal documents'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.