1-3 Adelaide Street

Period freehold premises formed from two adjoining terraced properties, both with retail accommodation on the ground floor and ancillary on the upper parts. In addition to the retail ground floor, Number 1 has a basement area, staff welfare and office on the first floor and stores above on a second floor.

Number 3 Adelaide Street has ground floor retail floorspace and an attractive open plan stores/ ancillary area to the first floor.

The premises have been in retail use for many years and renowned as the first Seasalt shop est. in 1981.

Penzance has easy access to the road network via the main A30 trunk road that runs adjacent to the town and connects with the M5 at Exeter. The National rail network via the station located nearby runs directly through to London Paddington on a daily basis. Penzance is well known as the retail and administrative capital for the most western part of Cornwall. In recent years Penzance has featured in the national press as one of the "best places to live in the UK" , reports often highlighting the mix of shops, seafront and artistic scene amongst its attributes.

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition).

No 1 - 74.64 sqm 804 sq ft
No 3 - 115.61 sqm 1,244 sq ft

Total - 190.25 sqm 2,048 sq ft

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is £11,000. From the 1st April 2026 a new rating list comes into effect which will see the Rateable Value increase to £12,000.

We understand that mains electricity, water, gas and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

C (54)

Each party to be responsible for their own legal fees in relation to this transaction.

The property has not been elected for VAT and therefore VAT will not be charged on the price.