Morrab Place, Penzance, Cornwall, TR18 Property for sale

For Sale By Auction on 21st May at 14:30 unless sold prior or withdrawn.

To inspect the legal documents for this property please see the more information section below or visit our website.

Description

A sizeable mid terrace Grade II Listed period property having a walled front terraced garden and rear courtyard in this sought after location, with accommodation arranged over five floors, currently fully let as a licensed HMO (6 months into a 5 year license) with two self contained flats and six further letting units, each having their own allocated shower rooms, currently generating a combined income £60,120 pae, rising to £5,390 pcm/£64,680 pae from 12th May 2026. The rental income includes Council Tax, WiFi and water, with electricity for each unit on pay as you go meters. The property benefits from brand new hardwood windows to the front elevation.

Situated

Morrab Place is a sought after residential location, in close proximity of Morrab Gardens, the Promenade and sea front, along with the vibrant town centre of Penzance offering a wide range of bespoke shops, cafes and restaurants, superstores and a mainline railway station.

Basement Floor: Unit 1 - Entrance hall, kitchen, living room, bedroom and shower room.

Ground Floor: Main entrance hall. Unit 2 - Open plan bedsit with kitchenette. Unit 3 - Open plan bedsit with kitchenette. Shower room serving Unit 3.

First Floor: Landing, Unit 4: Open plan bedsit with kitchenette. Shower room serving Unit 4. Unit 5 - Open plan bedsit with kitchenette and en-suite shower room. Shower room serving Unit 2.

Second Floor: Landing, Unit 6 - Open plan bedsit with kitchenette. Shower room serving Unit 6. Unit 7 - Open plan bedsit with kitchenette and en-suite shower room.

Attic Floor: Unit 8 - Entrance hall, bedsitting room with kitchenette and en-suite shower room.

Outside

Front terrace and rear courtyard.

Viewings

Strictly by prior appointment with Miller Countrywide Penzance 01736 364260.

EPC Rating

Unit 1 - E, Unit 2 - E, Unit 3 - E, Unit 4 - E, Unit 5 - D, Unit 6 - E, Unit 7 - D, Unit 8 D.

Council Tax Band

D

Tenure

Freehold.