Commercial property for sale in Church Street, Launceston PL15, £160,000

160,000.00

Offer Nr.:
65542918
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Savills - National Auctions
Phone(s):
020 8022 4160

* Of interest to investors.
* An attractive Grade II* Listed building
* Arranged as a ground floor shop with a three bedroom self - contained maisonette above.
* High Street retail investment.
* Retail tenant has two other units
* Currently producing £16, 260 per annum
* Scaffolding for redecoration of facade which is now complete
**Strapline**
Auction Sale - 20/09/2023
Of interest to investors. An attractive Grade II* Listed building arranged as
a ground floor shop with a three bedroom self - contained maisonette above. High
Street retail investment. Currently producing £16, 260 per annum
**Location**
Church Street is in the centre of Launceston and within the predominant retail
area of the Town.
It has a significant footfall and runs between High Street and Broad Street.
Other nearby occupiers include Hush Hair & Beauty, Superdrug, Kievells Estate
Agents and the Cooperative together with many independent boutique traders
**Transport**
Launceston Station - National Rail
**Tenancy**
The first and second floor maisonette is let on a 12 month assured shorthold
tenancy from 01/04/2021 (now statutory periodic) at a rent of £730 per month.
The ground floor shop is let to Fizzy Launceston Limited trading as a sweet
shop on a 6 year lease from 13/03/2023 at a rental of £7, 500 per annum. There
is a rent review in March 2026
**Accommodation**
Ground floor shop - Retail area, Kitchen. Approximate floor area 497 sq ft
(46. 2 sq m)
First floor - Reception room, Kitchen/ Dining room
Second floor - Three bedrooms, Bathroom/wc

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