AUCTIONEERS are selling a commercial unit with three self-contained holiday lets on Penzance promenade.

Folly House, formerly ‘Sophia’s Restaurant’, has a freehold guide price of £240,000 plus.

It is among 174 lots listed in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.

Senior Auction Appraiser Katie Semmens said: “Folly House is in a prime location along the Penzance Promenade, enjoying stunning views over Mount's Bay and towards St Michael's Mount. 

“It is currently utilised as holiday letting accommodation, presented to a very good standard.

“The property is a fantastic investment opportunity but also offers potential for an alternative use, such as reinstatement of some commercial element to the ground floor with living accommodation above, subject to all necessary consents.”

Folly House’s accommodation comprises two one-bedroom apartments and one double letting room. 

Also in Penzance, a building formerly occupied by Holland & Barrett at 3, Market Place in the town centre has a freehold guide of £50,000 plus.

Extending over four floors, it includes retail space, offices and store rooms.

Katie said: “This property offers potential for a variety of schemes including mixed commercial and residential development, subject to all the necessary consents.”

The property is being auctioned jointly with Miller Commercial of Truro.

Land next to Crugkern Dowran Common, Bosworlas, near St Just, has a freehold guide of £45,000 plus.

The rectangular parcel measuring 3.5 acres includes moorland and a well-maintained garden with a summerhouse.

Katie said: “This area would be great for those with horticultural interests or some may envisage the potential for glamping/recreational purposes, subject to all the necessary consents, whilst others may simply wish to own their own piece of the Cornish countryside.”

The June auction is Clive Emson Auctioneer’s 250th since it was founded in 1989. 

Clive Emson Auctioneers holds auctions eight times a year and bidding for the current auction, the fourth of the year, goes live on Monday June 10 and ends on Wednesday June 12.