Commercial property for sale in Church Street, Launceston PL15
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Property features
- Of interest to investors.
- An attractive Grade II* Listed building
- Arranged as a ground floor shop with a three bedroom self-contained maisonette above.
- High Street retail investment.
- Retail tenant has two other units
- Currently producing £16,260 per annum
- Scaffolding for redecoration of facade which is now complete
Property description
Strapline
Auction Sale - 20/09/2023
Of interest to investors. An attractive Grade II* Listed building arranged as a ground floor shop with a three bedroom self-contained maisonette above. High Street retail investment. Currently producing £16,260 per annum
Location
Church Street is in the centre of Launceston and within the predominant retail area of the Town.
It has a significant footfall and runs between High Street and Broad Street.
Other nearby occupiers include Hush Hair & Beauty, Superdrug, Kievells Estate Agents and the Cooperative together with many independent boutique traders
Transport
Launceston Station - National Rail
Tenancy
The first and second floor maisonette is let on a 12 month assured shorthold tenancy from 01/04/2021 (now statutory periodic) at a rent of £730 per month.
The ground floor shop is let to Fizzy Launceston Limited trading as a sweet shop on a 6 year lease from 13/03/2023 at a rental of £7,500 per annum. There is a rent review in March 2026
Accommodation
Ground floor shop - Retail area, Kitchen. Approximate floor area 497 sq ft (46.2 sq m)
First floor - Reception room, Kitchen/ Dining room
Second floor - Three bedrooms, Bathroom/wc
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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