Property for sale

24 Church Street, Launceston

Offers in Region of £135,000

Property Description

Key features

  • Investment property
  • Prime town centre location
  • Shop providing 56.45 sq m (608 sq ft)
  • Two double bedroom flat

Full description

The three storey brick built building is set in a parade of retail premises and comprises a retail shop on the ground floor with first floor retail / storage area (currently vacant, however the existing lease does not expire until August 2017) and a two double bedroom flat set over the first and second floor (currently let on an Assured Shorthold Tenancy).

24 Church Street is situated in the prime commercial area of Launceston just off the Town  Square and close to the historic St. Mary Magdalene Church.   Local businesses within Church  Street include cafe, florist, hairdresser, butcher plus WHSmith.  Launceston, on the Cornwall / Devon border enjoys a good  balance of travel distance to all parts of the two Counties by virtue of the nearby A30 dual carriageway spine road. 

Eastwards (42 miles) is the city of Exeter providing intercity rail link, international airport and M5  motorway link. Southwards (28 miles) is the city of Plymouth providing continental ferry port and intercity rail link. 


ACCOMMODATION 

RETAIL ACCOMMODATION 
GROUND FLOOR 

Retail Area providing 34.42 sq m (371 sq ft)
Access door leads to the ground floor retail area with large display window and stairs rising to first floor. 

PART FIRST FLOOR 

Retail / Storage Area providing 22.03 sq m (237 sq ft)
Door to:-

W.C.

In total providing 56.45 sq m (608 sq ft)

RESIDENTIAL ACCOMMODATION 

PART FIRST FLOOR 

The property is accessed from the street through a wooden door into:-

Entrance Hallway
Stairs rise to first floor with door off to:-

Bedroom One
Window to the front of property with blind.  Night storage heater. 

Stairs rise to:-

SECOND FLOOR 

Hallway
Doors off to:-

Bedroom Two
Two windows to the front of property with blinds.  Night storage heater. 

Lounge
Windows to the front with blinds.  Night storage heater.  Access to:-

Kitchen
Window to the rear with blind.  Range of floor and wall units with roll top work surface having inset stainless steel sink and separate drainer, built-in electric oven and hob with extractor over and tiled backing.  Space for additional appliances with plumbing for washing machine. 

Bathroom
Window to the rear.  White bathroom suite comprising low level W.C., sink and bath with electric overhead power shower.   Heated towel rail. 

TENURE
Freehold.

The commercial premises are currently vacant, however the existing lease does not expire until August 2017 with a rent of £7,500 per annum. 

The flat is currently let on an Assured Shorthold Tenancy with a monthly rent of £385.00.

LEGAL FEES
Each side will be responsible for payment of their own legal fees.  (whether or not the matter proceeds to exchange).

SERVICES
Mains electricity, water and drainage are connected.

RATEABLE VALUE
The rateable value is as outlined on the VOA website as at April 2010 is £7,600. Note: From April 2017 the rateable value threshold for small business rates relief will be raised to £12,000 per annum, meaning many small businesses will be exempt from paying business rates.   
Enquiries should be made to VOA on Tel: 0300 0501 501.

COUNCIL TAX BAND     A.

EE RATING Retail premises - Band C.
Flat - Band G. 
 


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
19 June 2017

Nearest station

  • Gunnislake (10.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Kivells, Commercial

2 Broad Street Launceston PL15 8AD

01566 487001 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Gunnislake (10.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Kivells, Commercial

2 Broad Street Launceston PL15 8AD

01566 487001 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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