{"loaderData":{"0-8":{"propertyListing":{"building":{"id":"754746848243456","summary":"Comprises retail parade of 7 retail units. White Hart Arcade has a successful trading record with almost full occupancy since it's creation some 40 years ago","archived":false,"description":"Investment Consideration:
Gross Initial Yield: 11.53%
Rental Income: £49,010 p.a.
VAT is NOT applicable to this property
Comprises retail parade of 8 retail units
Two of the tenants in occupation for 10+ years
White Hart Arcade has a successful trading record with almost full occupancy since it?s creation some 40 years ago
Situated in the heart of the town centre with occupiers nearby including Costa Coffee, Halifax, NatWest, Barclays, Boots and many more.

Property Description:
Comprises retail parade of 8 double fronted retail units, providing the following accommodation and dimensions:
Ground Floor Units
Unit 2: 45 sq m (484 sq ft)
open plan retail, wc
Unit 3: 45 sq m (484 sq ft)
open plan retail, wc
Ground & First Floor Units
Unit 4: 50 sq m (538 sq ft)
open plan retail, storage, wc
Unit 5: 72 sq m (775 sq ft)
open plan retail, office, storage, wc
Unit 6: 58 sq m (625 sq ft)
open plan retail, storage, wc
Unit 7: 72 sq m (775 sq ft)
open plan retail, office, kitchen, wc
Unit 8: 72 sq m (775 sq ft)
open plan retail, storage, wc
Unit 10: 65 sq m (700 sq ft)
open plan retail, kitchen, storage, wc
Total GIA: 479 sq m (5,156 sq ft)

Tenancy:
Unit 2 is at present let to Individual for a term of 12 Months from 21st December 2023 at a current rent of £5,100 per annum and the lease contains full repairing and insuring covenants.
Unit 3 is at present let to Individual for a term of 2 Years from 11th February 2010 (Holding Over) at a current rent of £6,750 per annum and the lease contains full repairing and insuring covenants. Tenant in occupation for 14+ years.
Unit 4 is at present let to an Individual for a term of 2 Years from 17th April 2026 at a current rent of £6,240 p.a. and the lease contains full repairing and insuring covenants. Rent review on 17.04.27 linked to RPI. Tenant break option on 17.04.27 with min 3 months notice. Deposit held of £1,560.
Unit 5 is at present let to Individual for a term of 5 Years from 29th October 2024 at a current rent of £5,980 per annum and the lease contains full repairing and insuring covenants. Rent review every year linked to RPI. Tenant break clause in 2025 NOT exercised. Deposit held of £1,000.
Units 6 is at present let to Quick & Sons for a term of 12 Months from February 2026* at a current rent of £4,440 per annum and the lease contains full repairing and insuring covenants. *Lease renewal. Tenant in occupation for 3+ years. The property is currently in legals for a new 12 month lease. Rent inclusive of building insurance. No service charge paid by tenant.
Unit 7 is at present let to Launceston Town Council for a term of 6 Years from 21st December 2012
(Holding Over) at a current rent of £6,750 per annum and the lease contains full repairing and insuring covenants. Tenant in occupation for 11+ years.
Unit 8 is at present let to Individual for a term of 12 Months from 10th March 2022 (Holding Over) at a current rent of £4,750 per annum and the lease contains full repairing and insuring covenants.
Unit 10 is at present let to an Individual for a term of 10 Years from 23rd July 2022 at a current rent of £9,000 p.a. and the lease contains full repairing and insuring covenants. Rent review every 3rd year open market upward only. No breaks.

Location:
Launceston sits near the Cornwall / Devon border alongside the A30 dual carriageway spine road for the two Counties and enjoys an excellent balance of travel distance to all parts of Cornwall and Devon. The town has a gorgeous town centre featuring a high percentage of listed buildings with a traditional central square. The White Hart Arcade takes access just off this square and links to Madford Lane which is a street offering free car parking much used by locals. Consequently, the White Hart Arcade is one of the main pedestrian footways into the town centre and being covered is also a very popular access during inclement weather. The Arcade has a successful trading record with almost full occupancy since it`s creation some 40 years ago.","disclaimer":{"raw":"Disclaimer - Property reference whitehartarcade. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by BLUE ALPINE PARTNERS LIMITED, London. Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":[],"keyFeatures":["Rental Income: £49,010 p.a.","Gross Initial Yield: 11.53%","Comprises retail parade of 8 retail units","Two of the tenants in occupation for 10+ years","VAT is NOT applicable to this property"],"environment":null,"pricing":{"price":425000,"displayQualifier":"NONE","frequency":null,"rentObligation":null},"useClasses":["E"],"tenureType":"FREEHOLD","tenureYearsRemaining":null,"parkingSpaces":null,"yearBuilt":null,"yearRenovated":null,"listedBuilding":null,"numberOfFloors":2,"planningPermission":null,"businessForSale":false,"media":{"brochures":[{"uri":"property-brochure/4ba5ad29a/754746848243456/4ba5ad29ac9077a0eb4e2cea9a8bcab0.pdf","description":"Property Particulars"}],"photos":[{"uri":"property-photo/13c101692/754746848243456/13c1016923bc67753e70100945abbfda.jpeg","description":""},{"uri":"property-photo/3905e2e5d/754746848243456/3905e2e5de21b1965cc52bfcebc422b3.jpeg","description":""},{"uri":"property-photo/dec66faf0/754746848243456/dec66faf05c09f3cd811897448bcb71c.jpeg","description":""},{"uri":"property-photo/60b91907b/754746848243456/60b91907bfa0ffe559255fe02d252dbb.jpeg","description":""},{"uri":"property-photo/d1dbbd775/754746848243456/d1dbbd7757ff464574326d4277917c7a.jpeg","description":""},{"uri":"property-photo/79839452e/754746848243456/79839452e68754f67d8d090d64d8fde7.jpeg","description":""},{"uri":"property-photo/7c0330e95/754746848243456/7c0330e951ca5b8ef8972b47674ea06a.jpeg","description":""},{"uri":"property-photo/f2b2d4e50/754746848243456/f2b2d4e50cd04f84030ca38b5e42092e.jpeg","description":""},{"uri":"property-photo/53a15d422/754746848243456/53a15d422b9732675ef653287e35f58a.jpeg","description":""},{"uri":"property-photo/014126325/754746848243456/014126325da7d0abb60613276737ba85.jpeg","description":""},{"uri":"property-photo/d13cbde73/754746848243456/d13cbde7323de949475cd5183abae76f.jpeg","description":""}],"floorPlans":[],"virtualTours":[],"videoTours":[],"epcs":[],"epcGraphs":[]},"sizing":{"unit":"SQFT","size":5156,"minSize":null,"measurementType":null,"maxSize":null},"location":{"displayAddress":"White Hart Arcade, Broad Street, Launceston, Cornwall, PL15","showMap":true,"postcode":{"incode":"8AA","outcode":"PL15"},"streetView":{"latitude":50.63654,"longitude":-4.36042,"heading":null,"pitch":null,"zoom":null,"showStreetView":true},"latitude":50.63654,"longitude":-4.36042},"nearestStations":[{"distance":10.390310801467814,"name":"Gunnislake Station","types":["NATIONAL_TRAIN"],"unit":"miles"}],"agents":[{"name":"BLUE ALPINE PARTNERS LIMITED, London","email":null,"profileUrl":"/estate-agents/agent/Blue-Alpine/London-230087.html","logo":"/partner-logo/25218632-LOGO-1765970983.jpeg","id":230087,"description":"

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

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