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Retail Property (high street) for sale

25 And 25A, Broad Street, Launceston

Guide Price £75,000
866 sq. ft.

Property Description

Commercial information

  • 866 sq ft (80 sq m)

Key features

  • FOR SALE
  • TWO RETAIL UNITS IN PRIME TRADING POSITION OVERLOOKING THE CASTLE
  • 866 SQ FT (80.43 SQ M)
  • CURRENTLY PART OCCUPIED BY A CAFE ON A FLEXIBLE LEASE TERMS
  • POTENTIAL TO RECEIVE CIRCA 8,000 PER ANNUM INCOME
  • EPC RATING - D

Full description

Located in a very prominent position overlooking the historic castle in Launceston, units 25 and 25A offer a fantastic opportunity to acquire two retail units in excellent trading locations. The property comprises 866 sq ft in total, split as 529 sq ft in 25 and 337 sq ft in 25A

Broad Street is the main road into the centre of historic Launceston, heading east from Western Road. The A30 is located less than 5 minutes' drive to the south of the town offering offering very good communication links to Exeter in the east and Bodmin, Truro and Penzance to the west.

Location - The property is located in a prime position overlooking the historic castle in Launceston town centre. Broad Street is the main road into the centre of the old town, heading east from Western Road. The A30 is located less than 5 minutes' drive to the south of the town offering very good communication links to Exeter in the east and Bodmin, Truro and Penzance to the west.

Description - The property comprises two ground floor retail units, 25 and 25A Broad Street. Unit 25 is currently occupied by a caf on a short term, flexible lease arrangement, however the business is not affected by the sale. Number 25A is currently vacant, having been occupied over the past few years by a tourist gift shop, which has located into bigger premises in the town. There is the potential to join the two units together, subject to necessary consents. The upper floor flats have been sold on 999 year leases with an annual rent of a peppercorn.

Schedule Of Areas - Number 25 - 529 sq ft (49.11 sq m)
Number 25A - 337 sq ft (31.32 sq m)
TOTAL - 866 sq ft (80.43 sq m)

Schedule Of Income - Number 25 currently produces a monthly income of £400 PCM (£4,800 per annum) on a short term lease arrangement.
Number 25A was most recently let for £260 PCM (£3,120 per annum) although is currently vacant.

The upper floor flats have been sold on 999 year leases at a peppercorn.

Legal Costs - Each party to bear their own legal costs in connection with this transaction.

Services - Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Business Rates - We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171

Vat - All figures are quoted exclusive of VAT.

Energy Performance Certificate - The Energy Performance Rating for this property is within Band D.

Contact Information - For further information or an appointment to view please contact:-
Thomas Smith on 01872 247013 or via email ts@miller-commercial.co.uk
Laura Gardner on 01872 247032 or via email lg@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

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] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] 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.

VIEWING: Strictly by prior appointment through Miller Commercial.


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