Martins Cash & Carry, Pennygillam Way, Launceston, Cornwall, PL15 7ED

Location
Situated on the outskirts of the busy historic north Cornish town of Launceston the site is positioned in one of the most prominent positions on Pennygillam Industrial Estate, just off Pennygillam Way. The site sits alongside a number of local and national light industrial, service sector, professional, distribution, office, retail and retail/trade counter users. Nearby occupiers include Toolstation, Dominos, Greggs, Howdens, FedEx, Pallex (Intercounty), ATS, John Guest and Specsavers Recruitment as well as a number of regional and local businesses. The town centre is easily accessible as is the A30 dual carriageway, which can be joined near the entrance to the estate (approximately 280 metres from the site). Exeter, Plymouth and Truro are under an hour away by car

Description
Approximately 1.88 acre (site and buildings) running parallel to Pennnygillam Way with numerous connected warehouses, a 2 storey office block and a cabin set within. The remainder of the site is currently vacant. Plots 1 and 4 at either end of the site are sold subject to contract. There will be new entrances installed at each end of the site to replace those that will be lost in the sales of Plot 1 and 4 (plans available upon request). The site has significant development/refurbishment potential and could be suitable for various uses (subject to planning).

Services
Water - Plots 2 and 3 are connected to mains water.
Electric - Plots 2 and 3 are connected to electrical power supplies.
Gas - Plots 2 and 4 have had gas connections in the past but are currently disconnected.
Drainage - Foul water drainage to Plots 2 and 3 is connected to the public sewer.
Phone/Internet - Plot 3 has a telephone/internet line.

Amenities
Launceston boasts the following amenities and nearby services:
Numerous independent shops and national chains, sports pitches and a leisure centre, primary, secondary and six form educational facilities and quality local restaurants and pubs.

North Cornish beaches from 17 miles by road (Crackington Beach), Railway services are available at Okehampton railway station (21 miles by road) and Exeter airport services international and domestic flights (50 miles by road). The A30 dual carriageway can be joined approximately 280m by road and the A39 Atlantic Highway (15 miles by road).

Accommodation (PLOT 2)

Plot 2 is in a prominent part of the site and is predominantly of hardstanding with boundary fences and a large recessed entrance. Divisions will be required to separate Plots 2 and 3 if they are sold separately. There are separate water, electricity and foul services to the Cabin Building which can serve Plot 2 if separated from Plot 3. Plot 2 could potentially be combined with part of Plot 3 if more warehouse space is required. The office block to the front could potentially be sold separately together with the parking area accessed by Entrance 3. A new set of gates are proposed next to the existing "Entrance 1".

Sizes
Approximate Area Measured
PLOT 2 (vacant)
Site Area (including buildings) - 4,608.42 sq.m. (49,605 sq.ft. 1.14 Acres)
Warehouse (IPMS 2) - 1,004.05 sq.m. (10,808 sq.ft.)
Staff/store/trolley return extension (IPMS 2) - 135.05 sq.m. (1,454 sq.ft.)
Cabin Building (IPMS 2) - 156.15 sq.m. (1,681 sq.ft.)
Note: IPMS 2 includes internal walls, toilets and columns etc.

Note: Dimensions and areas are approximate and are measured and stated in accordance with RICS professional statement "RICS property measurement 2nd Edition, Jan 2018". IPMS 2 is reference to International Property Measurement Standards (All Buildings) published January 2023.

Accommodation (PLOT 3)

Plot 3 consists mainly of buildings, although there is a vehicle entrance from Pennygillam Way to a large parking area to the front. Access to the buildings is from pedestrian access points so some remodelling might be required if intending to access the warehousing for large goods storage. There are separate water, electricity and foul drainage services to the building which serve this plot. The office block to the front could potentially be sold separately together with the parking area accessed by Entrance 3 if additional warehouse space is required with an acquisition of Plot 2. A new set of gates are proposed next to the existing "Entrance 4".

Sizes
Approximate Area Measured
PLOT 3 (Vacant)
Site Area (including buildings) - 3,019.21 sq.m. (32,499 sq.ft. 0.75 Acres)
Warehouses (IPMS 2) - 1,973.19 sq.m. (19,375 sq.ft.)
Offices (IPMS 3.2 -Office). Includes ground floor glazed entrance lobby. - 264.01 sq.m. (2,842 sq.ft.)

Note: Dimensions and areas are approximate and are measured and stated in accordance with RICS professional statement "RICS property measurement 2nd Edition, Jan 2018". IPMS 2 is reference to International Property Measurement Standards (All Buildings) published January 2023.

Planning & Building Regulations
The property does not have a recent planning history. Planning history can be viewed on the Cornwall Council Online Planning Register. Prospective purchasers should make investigations through their legal advisors as necessary to determine whether any proposals require planning consent.

Legal Costs
Each party will be responsible for their own legal costs.

Price Guide
Plot 2 - £950,000
Plot 3 - £625,000

The plots are shown indicatively and might need to be configured differently depending upon specific buyer requirements, site constraints and any building work required. The cost to separate plots can form part of negotiations. The Seller can demolish the buildings and provide a clear site subject to negotiation and agreement.

Business Rates
The current rateable values (RV) are as follows: Martins Cash & Carry is £90,500. Portacabin Stores (adj Martins Cash & Carry) is £6,500. The RV's are as stated on the Valuation Office Agency (VOA) website service (effective dates 1st April 2023). Information concerning how rates are calculated are available on the Cornwall Council website.

EPC
The buildings have the following EPC ratings:
Martins Cash & Carry - "DRAFT F", certificate ref: not yet lodged; to be confirmed depending upon Buyer requirements.
Cabin Building (former Café) - "DRAFT C", certificate ref: not yet lodged; to be confirmed depending upon Buyer requirements.

EPC's are available to download online from the Non-Domestic Energy Performance Certificate Register (ndepcregister.com).

VAT
The property is not understood to be elected for VAT.

Subject to Contract
This brochure is for guidance purposes only and does not constitute an offer or contract. All descriptions, particulars and dimensions stated are understood to be correct, but prospective purchasers or tenants must satisfy themselves that the information is correct and not rely on the information if entering into a contract or incurring expenses.

Viewing Arrangements
Viewings are by appointment only. Contact Phil Wiltshire on the website link below.