Penzance Old Fire Station, Guildhall Road, Penzance, Cornwall, TR18 2QZ

Description

A single storey property situated within the town of Penzance and most recently used as an office. Any future use of the building would be subject to all necessary consents being obtainable.

Accommodation

Principal room, store room and cloakroom with W.C.

Location

Situated within the town of Penzance.

Tenure / Property Information

Investment Analysis

The £15,000+ guide is the only supplied price evidence. No completed sales, GDV evidence, rental evidence, condition survey, measured floor area or specific buyer/admin fee amounts are provided. Market value, refurbishment cost and investment returns therefore cannot be reliably quantified.

Investment Snapshot

Strategy Recommendation

Do not bid on investment assumptions alone. Proceed only after confirming intended use, necessary consents, building condition, floor area, all buyer costs and an independently supported resale or income value.

Works Required

No specific physical defects or refurbishment requirements are evidenced. Undertake a full building survey, verify services and assess the principal room, store room and cloakroom/W.C. Any future change of use or other use would require all necessary consents.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be supported because GDV, rent, refurbishment costs and refinance value are unavailable. The vacant freehold building would also require confirmation that the intended use and any proposed change of use can obtain the necessary consents.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied. A BTL yield cannot be established, and the property is described as commercial rather than residential.

Flip Analysis

A flip appraisal cannot be quantified because there are no comparable sales, GDV evidence, condition-based works allowance or supported selling-cost allowance. The guide price alone is insufficient to establish a resale surplus.

Investor Risks & Due Diligence

• Any future use is subject to all necessary consents being obtainable.

• No sufficiently specific rental evidence is available.

• Building condition and refurbishment requirements are not evidenced.

• Administration, other non-optional fees, VAT, Stamp Duty and Land Registry costs are not quantified.

• No completed sales or other market-value evidence is supplied.

• The property is vacant, so no passing income is evidenced.

Recommendation

Do not bid on investment assumptions alone. Proceed only after confirming intended use, necessary consents, building condition, floor area, all buyer costs and an independently supported resale or income value.

Strategy Rating

Analysis Confidence

Only the guide price, freehold tenure, vacant commercial use, basic accommodation and general location are supplied; there are no comparables, rent evidence, measured area, condition details or quantified fees.