Guide price
£340,000
Retail premises for sale29 & 29A Causewayhead, Penzance, Cornwall TR18
Just added
Auction
Freehold
About this property
For sale by auction on Wednesday, 25 Mar 2026 at 11:00
Venue: Live Stream
Café and Three Bedroom Apartment
Well presented freehold three storey period property comprising a licensed daytime café (approximately 50 covers) on the ground floor with commercial kitchen and customer facilities, and a self-contained three bedroom, two bathroom apartment arranged over the first and second floors with roof terrace and separate access.
Located on a busy trading street in central Penzance. Established business trading year-round, with potential for alternative use or residential/holiday letting of the upper floors.
Auctioneers note
A holiday let valuation provided in 2025 indicated a projected annual gross income of approximately £36,772–£40,639. This figure is for guidance purposes only.
We have been informed that the café achieved a gross profit of £89,705 for the financial year 2024/2025, ending March 2025, with a reported net profit of £24,911.
The café currently operates during daytime trading hours only, as chosen by the seller. However, there is a licence in place that permits the sale of alcohol until 12:00am, providing the option to extend trading into the evening if desired.
Accommodation
Cafe
Dining Area: 10.19m x 7.19m
Kitchen: 5.64m x 2.69m
Store One: 2.03m x 1.73m
Store Two With Staff WC: 4.72m x 3.18m
Customer WC One
Customer WC Two
Apartment
first floor
Kitchen: 6.53m x 3.25m
Living/Dining Room: 6.40m x 4.88m
Bedroom Three: 3.66m x 1.65m
Bathroom
Bedroom Two: 3.66m x 3.20m
Second floor
Bedroom One with Ensuite: 5.59m x 4.83m
External
Terrace: 7.62m x 3.45m
full details
Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via our website. All published information is to aid identification of the property and is not necessarily to scale.
Viewings
Please telephone Auction House South West on to request a viewing.
Notice to bidder
Please be aware that if your bid is successful on auction day the exchange of contracts will happen immediately after the auction.
EPC Rating: Cafe: B37 Apartment: E47
Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Live Stream
Café and Three Bedroom Apartment
Well presented freehold three storey period property comprising a licensed daytime café (approximately 50 covers) on the ground floor with commercial kitchen and customer facilities, and a self-contained three bedroom, two bathroom apartment arranged over the first and second floors with roof terrace and separate access.
Located on a busy trading street in central Penzance. Established business trading year-round, with potential for alternative use or residential/holiday letting of the upper floors.
Auctioneers note
A holiday let valuation provided in 2025 indicated a projected annual gross income of approximately £36,772–£40,639. This figure is for guidance purposes only.
We have been informed that the café achieved a gross profit of £89,705 for the financial year 2024/2025, ending March 2025, with a reported net profit of £24,911.
The café currently operates during daytime trading hours only, as chosen by the seller. However, there is a licence in place that permits the sale of alcohol until 12:00am, providing the option to extend trading into the evening if desired.
Accommodation
Cafe
Dining Area: 10.19m x 7.19m
Kitchen: 5.64m x 2.69m
Store One: 2.03m x 1.73m
Store Two With Staff WC: 4.72m x 3.18m
Customer WC One
Customer WC Two
Apartment
first floor
Kitchen: 6.53m x 3.25m
Living/Dining Room: 6.40m x 4.88m
Bedroom Three: 3.66m x 1.65m
Bathroom
Bedroom Two: 3.66m x 3.20m
Second floor
Bedroom One with Ensuite: 5.59m x 4.83m
External
Terrace: 7.62m x 3.45m
full details
Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within the full property details, online, via our website. All published information is to aid identification of the property and is not necessarily to scale.
Viewings
Please telephone Auction House South West on to request a viewing.
Notice to bidder
Please be aware that if your bid is successful on auction day the exchange of contracts will happen immediately after the auction.
EPC Rating: Cafe: B37 Apartment: E47
Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Mortgage calculator
Monthly repayment
£1,700 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}