Café and Three Bedroom Apartment

Well presented freehold three storey period property comprising a licensed daytime café (approximately 50 covers) on the ground floor with commercial kitchen and customer facilities, and a self-contained three bedroom, two bathroom apartment arranged over the first and second floors with roof terrace and separate access. Located on a busy trading street in central Penzance. Established business trading year-round, with potential for alternative use or residential/holiday letting of the upper floors.

Tenure

Freehold

AUCTIONEERS NOTE

A holiday let valuation provided in 2025 indicated a projected annual gross income of approximately £36,772–£40,639. This figure is for guidance purposes only. We have been informed that the café achieved a gross profit of £89,705 for the financial year 2024/2025, ending March 2025, with a reported net profit of £24,911. The café currently operates during daytime trading hours only, as chosen by the seller. However, there is a licence in place that permits the sale of alcohol until 12:00am, providing the option to extend trading into the evening if desired.

ACCOMMODATION

CAFE Dining Area: 10.19m x 7.19m Kitchen: 5.64m x 2.69m Store One: 2.03m x 1.73m Store Two With Staff WC: 4.72m x 3.18m Customer WC One Customer WC Two APARTMENT FIRST FLOOR Kitchen: 6.53m x 3.25m Living/Dining Room: 6.40m x 4.88m Bedroom Three: 3.66m x 1.65m Bathroom Bedroom Two: 3.66m x 3.20m SECOND FLOOR Bedroom One with Ensuite: 5.59m x 4.83m EXTERNAL Terrace: 7.62m x 3.45m

FULL DETAILS

Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via our website. All published information is to aid identification of the property and is not necessarily to scale.

VIEWINGS

Please telephone Auction House South West on 03456 461361 to request a viewing.

NOTICE TO BIDDER

Please be aware that if your bid is successful on auction day the exchange of contracts will happen immediately after the auction.

Energy Efficiency Rating (EPC)

Current Rating Cafe: B37 Apartment: E47

Local Authority

Cornwall County Council

Solicitors

Wolferstans Solicitors, Ref: Ebenezer Ola, Tel: DL 01752 292325 / 01752 292318

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.