Callington, Cornwall

PRIME CALLINGTON TOWN CENTRE PROPERTY - EXCELLENT YIELD This substantial end-of-terrace building offers approximately 290 sq. m (3,122 sq. ft.) of versatile accommodation arranged over three floors in the heart of Callington. Currently operating as a dance studio, the property is exceptionally well laid out with a series of large studio spaces, changing rooms, reception areas and storage, making it ideally suited to the creative arts, fitness or small business sectors.

On the ground floor the property is double fronted with a central entrance hall leading through to two impressive studio rooms, each measuring around 9.22m × 5.20m (303 sq. ft. × 171 sq. ft.) and 9.36m × 5.20m (309 sq. ft. × 171 sq. ft.), both fully mirrored and designed for professional use. A reception area 4.65m × 3.66m (153 sq. ft. × 120 sq. ft.), cloakroom 4.38m × 4.35m (144 sq. ft. × 143 sq. ft.) and side access complete the ground floor layout.

The first floor features a generous hallway, a spacious changing room 5.07m × 5.15m (167 sq. ft. × 161 sq. ft.), a WC, and a further large studio 6.43m × 6.53m (211 sq. ft. × 215 sq. ft.) with ornate ceiling detailing, sash windows and ample natural light.

The second floor provides a dressing area 5.12m × 5.15m (161 sq. ft. × 161 sq. ft.), kitchen/staff area 6.83m × 3.82m (225 sq. ft. × 126 sq. ft.), additional WC and two further rooms including a useful storeroom 5.43m × 2.61m (171 sq. ft. × 87 sq. ft.), offering excellent flexibility for storage or future adaptation.

The building retains a number of attractive period features including cornices and ceiling roses, and whilst in good order throughout, would benefit from some updating and further investment. Importantly, unlike many neighbouring properties, the building is not listed, offering greater freedom for alterations and development (subject to the necessary planning consents).

The property is being sold with the benefit of an existing lease running until March 2027, currently producing £1,918 per calendar month (£23,016 per annum). At the guide price of £265,000 this represents an excellent gross yield of approximately 8.7%, providing a secure income stream for the next two years.

Situated on Fore Street in the centre of Callington (PL17 7AA), the property enjoys strong visibility and footfall, with a range of local shops, cafés and services on the doorstep. Callington Primary School and Callington Community College are both close by, while healthcare provision includes Tamar Valley Health Centre in the town, with Liskeard Community Hospital around six miles away. Plymouth city centre is approximately 14 miles by road.

This is a rare opportunity to acquire a landmark town centre property with immediate income and outstanding potential. Viewing is highly recommended. 

VIEWINGS We anticipate high demand for this property and advise early viewings to avoid disappointment. All applicants will be subject to a rigorous registration/ financial verification process. Viewings will be booked by appointment only, and are subject to availability. For more information, please call .
 

GENERAL PROPERTY DISCLAIMER These particulars are for general guidance only and do not form part of any offer or contract. All descriptions, measurements, floor plans, and information are provided in good faith but are approximate and not guaranteed.

Any reference to planning permission, building regulations, use class, development potential, listed status, conservation area, or Tree Preservation Orders (TPOs) must be independently verified by the buyer or tenant through the relevant local authority.

Services, utilities, fixtures, fittings, systems, and appliances have not been tested, and no representation is made as to their condition or suitability. Buyers or tenants should also carry out checks for environmental risks including flood zones, invasive species (e.g. Japanese Knotweed), subsidence risk, and other local or natural hazards.

Tenure, boundaries, access (including over private roads), rights of way, covenants, lease details, service charges, and any associated costs or taxes (including Stamp Duty) should be confirmed by a legal adviser.

Photographs, videos, and marketing materials may be digitally enhanced, staged, or illustrative and may not reflect the current condition.

Prospective buyers and tenants are strongly advised to carry out their own inspections, surveys, and legal due diligence before entering into any agreement.

Hindhead Property Limited accepts no liability for loss or damage arising from reliance on these particulars.

© Hindhead Property Limited 2025. All rights reserved. 

BUSINESS RATES Business rates may apply. The property is currently categorised under VOA Code 084 - Dance Schools & Centres. Interested parties are advised to make their own enquiries with Cornwall Council and the Valuation Office Agency regarding the applicable rates and any available reliefs.