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Retail Property (high street) to rent

7 Madford Lane, Launceston

Withdrawn from Market £5,400 pa| £450 pcm

Property Description

Key features

  • Generous double aspect display front windows
  • Fronting one way system around Launceston town centre
  • Suitable for alternative uses (subject to obtaining the necessary consents)
  • The unit can be returned to a more open plan layout if required by an incoming tenant
  • Incentives available which could include a substantial rent free period (depending on the nature of other terms - subject to negotiation)

Full description

The shop has double aspect large display windows to the front and two entrance doors. The retail space currently comprises two interlinked retail areas with associated storage and toilet facilities but could be returned to a more open play layout if required by the ingoing tenant.

SITUATIONIn a prominent position fronting Madford Lane on the one way system around Launceston town centre within easy walking distance of the town’s varied range of retail and business facilities.  

The A30 dual carriageway is within one mile providing excellent road links to the east with Exeter being 40 miles distance (M5 beyond).  The A388 provides good access to Plymouth (approx. 26 miles south).

ACCOMMODATION (NIA)   
Total Area (NIA) (excluding WC)  37.26sq m (401.06sq ft)
Left side: 18.64sq m (200.63sq ft)
Right side: 18.62sq m (200.42sq ft)

LEASE TERMS
The premises are available by way of an assignment of the existing lease which expires on 17th March 2017. The current rent payable is £4,900 per annum.

The ingoing tenant will be required to pay the Landlords legal fees, subject to a maximum of £1,500 plus VAT (whether or not the matter proceeds to exchange).

The rent is payable quarterly in advance on the usual quarter days. 

SERVICES
Mains electricity, water and drainage are connected.

RATEABLE VALUE
£4,100 per annum (source: www.voa.gov.uk)
 


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