This property is not currently available. It may be sold or temporarily removed from the market.

Market Jew Street, Penzance

£250,000 Guide Price
75 & 75a Market Jew Street, Penzance, TR18 2LG

Property Features

  • Maisonette in need of renovation
  • Mixed use Buy to let opportunity
  • Retail unit let at £8000 per annum
  • Freehold
  • Well proportioned accommodation
  • EPC's: 75 - E(110) 75a - G(6)
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About this Property

A chance to acquire a well proportioned mixed-use buy-to-let opportunity. The property consists of a commercial/retail unit at ground floor and basement level which is currently let and achieving £8,000 per annum. Above, at first, second and attic level is a two/three bedroom residential maisonette (depending on configuration) which is currently vacant. The maisonette now requires renovation, however, once complete, we expect the residential unit to achieve approximately £850-£900 per calendar month on an assured shorthold tenancy. The upper parts may also be suitable for further sub-division, subject to obtaining any necessary consents.

NOTE: PETS BOUTIQUE BUSINESS IS NOT AFFECTED

Full Details

LOCATION
The property is situated on Market Jew Street, which is right in the heart of Penzance town centre. Penzance offers a comprehensive range of educational, commercial and leisure facilities along with good transport links, including a mainline rail link to London Paddington.

THE ACCOMMODATION

NO.75 - RETAIL/COMMERCIAL UNIT
No.75 is a Retail shop, which is currently let, accessed from the main shop front entrance off Market Jew Street.

At ground floor level is the retail area with stairs leading down to a basement level which is currently used as storage space for the shop.

NO.75A - THE MAISONETTE

GROUND FLOOR
External front doorway to shared entrance hall with automatic lighting leads to an internal door giving access to the flat. Stairway to:

FIRST FLOOR

LANDING
Electric consumer unit. Stairs up to second floor. Doors off to

KITCHEN
Wooden sash window to rear. Range of base units and wall mounted cupboards. Electric heater.

SITTING ROOM
Two wooden sash windows to front. Feature fireplace.

DINING ROOM/BEDROOM THREE
Two wooden sash windows to front with secondary glazing. Fireplace (ornamental not in use)

STAIRWAY TO SECOND FLOOR
Wooden sash window to rear.

SECOND FLOOR LANDING:
Understairs storage cupboard. Doors off to:

BEDROOM ONE
Two wooden sash windows to front. Electric heater.

BEDROOM TWO
Two wooden sash windows to front with secondary glazing. Wall mounted electric heater.

BATHROOM
Suite comprising bath, wash basin and WC. Hot water tank in airing cupboard. Partially obscure glazed wooden sash window to rear. Adjacent is a second WC and wash basin.

From landing narrow staircase to:

THIRD FLOOR
Two attic rooms for storage. One of the rooms has a small velux roof window.

OUTSIDE
To the rear of the property is a small courtyard area, this is accessed off the shared alleyway which also provides access to the maisonette.

GENERAL INFORMATION
Services: Mains water, drainage and electricity
Council Tax: No. 75a (maisonette) Band B
Business Rates: No.75 We refer you to the gov.website which shows a rateable value of £6,500 as from 1 Aril 2023
Local Authority: Cornwall Council
Tenure: Freehold
Viewing: Strictly by appointment with Agents