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2 bed property, in 4, £75,000
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2 bed property

4, 5, 6 Penryn Street & 1 Station Hill, Redruth, Cornwall
Auction Planning
£75,000

Our Summary

  • For Sale by Online Auction
  • Auction Date : 23 July 2026
  • Freehold Mixed Commercial/residential Investment Plus Land With Lapsed Planning
  • An opportunity to acquire a freehold detached mixed commercial/residential property requiring improvement internally and externally with an enclosed parcel of land adjoining, conveniently situated for a wide range of local amenities along with major transport links within Redruth's town
  • The adjoining land is of generous size with a history of lapsed planning and therefore offers great potential for a variety of future development schemes, subject to all necessary consents being available
  • Planning Planning Permission, which has now lapsed, was originally granted on 26th May 2015, under ref: PA15/00904 by Cornwall Council for redevelopment of redundant site to create 14 residential flats and associated works, including roof linked replacement beer store to adjacent Redruth Albany RFC club house and erection of courtyard/boundary walls to front and rear of development

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Description

The property is a freehold detached mixed commercial/residential property arranged over five floors. It comprises two commercial ground floor units, let separately, and two maisonettes including one sold on a long lease. The ground floor commercial units are independently accessed and have an EPC rating that is to be confirmed.

The maisonette has a communal entrance hall, living room, kitchen, dining room, three bedrooms, and a small enclosed courtyard with EPC rating G. The property has a long history of planning consent, which has now lapsed, for redevelopment and residential development, with the potential for a variety of future development schemes.