Terraced house for sale

1-2 Alverton Terrace, Penzance, Cornwall TR18

A freehold investment opportunity comprising a two storey end-terrace property located on the fringes of Penzance town centre with an array of local shops and amenities close by, along with the sought after Penlee Gardens and promenade.

The property comprises two commercial units, both of which are currently let with a combined income of £12,950 per annum.

Ground Floor
Two retail rooms, store room and W.C.

Tenancy
Let under a commercial lease until July 22nd 2028 at a currently rental of £6,200 per annum.

First Floor
Two offices, store room, staff kitchen and W.C.

Tenancy
Let under a commercial lease until October 4th 2028 at current rental of £6,750 per annum.

Outside
To the rear is a shared enclosed courtyard.

EPC Rating
D (79). Total Floor Area 78 sq.m.

Auctioneers note 1
At the time of publication the Auctioneers have been unable to internally inspect the property. These details have been provided by the Seller and interested applicants should rely on their own investigations to verify the information provided.

Auctioneers Note 2
Further information relating to the current tenancies will be included within the legal documentation, available to download from the Clive Emson website.

Viewing
Strictly by prior confirmed appointment with Clive Emson Auctioneers. Interested parties are requested not to contact the tenants direct.
Commercial EPC: D
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 the 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 , or contact us on , in order to stay fully informed with the up-to-date information.

*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