Chartered Surveyors and Business Property Specialists
Mike Nightingale Partner View Profile

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Call: 01872 247008
Email: msn@miller-commercial.co.uk

SSTC
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22, Broad Street, Launceston, Cornwall

Investments Commercial for sale

UNDER OFFER

£265,000 Asking price

Freehold
UNDER OFFER

A prime retail investment in a prominent position within Launceston Town Centre with vacant offices above which could have potential for conversion to residential use. The ground floor tenant trades as a convenience store, confectioners and newsagents and occupies under a lease expiring in June 2023. The current rental is £13,200 per annum exclusive.

  • PRIME RETAIL INVESTMENT
  • VACANT FIRST AND SECOND FLOOR OFFICES
  • POTENTIAL FOR CONVERSION OF OFFICES TO RESIDENTIAL
  • ENERGY PERFORMANCE ASSET RATING; RETAIL D (97), OFFICES E (107).

Property Brochure PDF Location Map

Virtual Tour

Location

Launceston is an historic capital of Cornwall and is situated alongside the A30 close to the border with Devon. It has an agricultural heritage being situated between Dartmoor and Bodmin Moor and is a local centre for retail and commerce.
The premises are situated within a prime position within the town centre fronting Launceston Town Square. There is a good mix of national and independent retailers. Nearby occupiers include Boots pharmacy, William Hill, Costa Coffee, HSBC, British Heart Foundation, HBH Woolacotts, the Whiite Hard Hotel, Specsavers, Barclays and the Day Lewis Pharmacy

Description

A three storey building plus cellar of traditional brick construction comprising a convenience store on the ground floor with independently accessed offices above. To the rear there is a small yard with access to a cellar and behind that 2 parking spaces which are accessed via Castle Dyke Road.

Accomodation

Ground Floor
Retail Area 37.9 sq m (408 sq ft)
Store 1 3.6 sq m (39 sq ft)
Store 2 13.0 sq m ( 140 sq ft)
Basement Not Inspected

Offices
First Floor
Office 1 16.7 sq m (180 sq ft)
Office 2 7.8 sq m (84 sq ft)
Store 1 7.5 sq m (81 sq ft)
Kitchen 1.6 sq m (17 sq ft)
Office 3 11.8 sq m (127 sq ft)
WC
Second Floor
Office 4 12.5 sq m (134 sq ft)
Office 5 7.5 sq m (80sq ft)
Store 5.7 sq m (62 sq ft)
Office 6 11.8 sq m (127 sq ft)

Outside – Small Yard and Parking for two vehicles

Tenure

The premises are offered freehold and subject to a lease of the ground floor, rear yard and basement which is on proportional full repairing and insuring terms for a term of 15 years expiring on 30th June 2023. The lease is let to Finlays Newsagents Limited and provides for guarantors. The upper parts will be offered with full vacant possession.

Development Potential

There may be potential (subject to consents) to convert the upper parts to one or two dwellings.

Local Authority

Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Legal Costs

Each party to bear their own.

Business Rates

We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search which shows that the current rateable value for the shop is £9,500 and for the offices is £8,200. The parking spaces are separately assessed at £400 each.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Energy Performance Certificate

The Energy Performance Rating for the shop is within Band D (97). The offices are within Band E.(107)

Contact Information

Or further information or an appointment to view please contact either:-
Mike Nightingale on 01872 247008 or via email msn@miller-commercial.co.uk or
Will Duckworth on 01872 247034 or via email wd@miller-commercial.co.uk

VIEWING: Strictly by prior appointment through Miller Commercial.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

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Mike Nightingale Partner View Profile

Contact us about this property

Call: 01872 247008
Email: msn@miller-commercial.co.uk

Property Brochure PDF