Commercial Property in TR18 available for sale
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Commercial Properties for Sale in TR18, Penzance

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Explore the Latest TR18 Commercial Property for Sale

More details for Land for Sale

Land at rear of 90-93 Market Jew Street - Market Jew St

Penzance

  • Land for Sale
  • £25,000
  • 0.10 ac Plot

Penzance Land for Sale

Situated in the heart of Penzance, a historic market town and popular tourist destination on the Cornish Peninsula, the property benefits from excellent connectivity and a vibrant local economy. The A30, a major arterial route through the South West, links the town to the M5 and A303, while Penzance rail station—just 265 metres away—provides direct services to London Paddington, Bristol, and Exeter. The surrounding area features a mix of national retailers including ensuring strong footfall and a dynamic commercial environment. The available unit is a plot of land occupied by a single-storey electricity substation. It is currently let on a 99-year lease from March 1999, generating £2,000 per annum with no breaks, offering long-term income security and minimal operational involvement.

Contact:

Blue Alpine Partners Ltd

Property Subtype:

Commercial

Date on Market:

26/11/2025
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More details for 35 St. James St, Penzance - Retail for Sale

The Royal British Legion - 35 St. James St

Penzance, TR18 2BU

  • Retail for Sale
  • £290,000
  • 2,070 sq ft

Penzance Retail for Sale

Offered for sale is the Penzance British Legion due to a change of premises. The building offers three floors with the ground floor consisting toilets, pump room and storage. The first floor has a large bar area and an unused second floor has a further large function room and bar. Commercial unit only with no business element.

Contact:

Stacey Mann Estates

Date on Market:

27/03/2025
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More details for 3-4 Market Jew St, Penzance - Retail for Sale

3-4 Market Jew St

Penzance, TR18 2HN

  • Retail for Sale
  • £140,000
  • 3,427 sq ft

Penzance Retail for Sale

Investment Consideration: Gross Initial Yield: 12.60% Rental Income: £31,500 p.a. VAT is applicable to this property Comprises double fronted shop at ground floor and a self-contained first & second floor t/a Gymnasium Future development potential of the upper floors, subject to obtaining the necessary consents Located in the heart of the town centre with occupiers close by including Barclays, Specsavers, O2 and more. Property Description: Comprises double fronted retail shop at ground floor and a self-contained first & second floor, accessed from the front of the building and t/a Gymnasium. The property provides the following accommodation and dimensions: Ground Floor: 170 sq m (1,830 sq ft) Open plan retail, Office, Kitchen, Store, WC Basement: Not inspected First Floor: 165 sq m (1,776 sq ft) Gymnasium Second Floor: 171 sq m (1,840 sq ft) Gymnasium Total GIA: 506 sq m (5,446 sq ft) Tenancy: Ground floor shop is at let to an Individual t/a Convenience Store for a term of 10 Years from 7th August 2025 at a current rent of £15,000* p.a. and the lease contains full repairing and insuring covenants. Rent review in August 2030 linked to RPI. Tenant option to determine in August 2030 with min 6 months notice. Deposit held of £3,000. *Tenant pays reduced rent of £12,000 p.a. in Years 1&2, £13,000 p.a. in Year 3, £14,000 p.a. in Year 4 and £15,000 p.a. in Year 5. The vendor will top-up rent until 7 August 2029, so the buyer receives the equivalent to £15,000 p.a. from completion The first/second floor accommodation is at present let to an Individual for a term of 15 years from 18th June 2018 at a current rent of £16,500 per annum and the lease contains full repairing and insuring covenants. Rent review from 2023 outstanding. Rent review on 18.06.28 open market upward only. Mutual option to determine on 18.06.28 with min 3 months notice. Location: The property is situated in the popular tourist resort of Penzance, on the western side of the principal retailing pitch of Market Jew Street, and 300 metres from Penzance Railway Station. The property is located a short distance from Wharfside Shopping Centre, which includes retailers such as Costa, Iceland and numerous independent retailers. Nearby retailers include Tesco Express, Co-op Convenience Store, Boots the Chemist, Superdrug, WHSmith, Sports Direct, Saltrock, Domino's and JD Wetherspoon.

Contact:

Blue Alpine Partners Ltd

Property Subtype:

Shopfront

Date on Market:

21/09/2024
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LoopNet UK Cornwall Penzance Commercial Properties For Sale in TR18, Penzance, UK

Learn More About Investing in Commercial Properties

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FAQs about Commercial Properties For Sale in TR18

See All Properties For Sale
How many Commercial Property listings are available for sale in TR18?
There are currently 6 Commercial Properties available for sale near TR18. These TR18 Commercial Property listings have an average size of. The largest available listing in TR18 is. The thriving commercial centre and excellent transport links in TR18 make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in TR18?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in TR18 currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in TR18?
There is a diverse range of commercial properties available in TR18 to suit various business needs. TR18 offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 6 TR18 commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the TR18, Penzance

You searched for commercial property for sale in TR18. Explore 6 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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