Lot 90: CHARACTER INVESTMENT AND RE-DEVELOPMENT OPPORTUNITY

Commercial Investment - Launceston
Commercial Investment - Launceston
Library Photograph (2018)
Commercial Investment - Launceston
UNSOLD

Located in the Town Square that sits at the very heart of Launceston is this character property offering much potential for a variety of uses having extensive accommodation over three floors.

Number 11 is currently let at £6,000 per annum, while 11B and 13, comprising the larger part of the property, are available for owner-occupation or additional letting perhaps by way of sub-division (as has been the case in the past) or re-development, subject to all necessary consents being obtainable, or a combination of both outcome.

11B-13 High Street

Ground Floor

There are two separate ‘shop’ trading spaces, one with particularly large picture windows facing both The Square and High Street, there being a staff room at the rear capable of serving both components.

First/Second Floors

A host of offices and storage space along with ancillary staff facilities.

Outside

Inner yard.

11 High Street

An antique shop with ground, first and second floor trading, storage and ancillary space.

Tenancy

Let on a three year lease, from 1st April 2019, at a current rental of £6,000 per annum.

Auctioneer’s Note 1

For information relating to the rateable value and other available data go to www.gov.uk/correct-your-business-rates and enter the postcode for the property into the appropriate search field.

Auctioneer’s Note 2

Up until recently 11B-13 High Street was let to a firm of estate agents at £18,000 per annum.

Local Planning Authority

Cornwall Council. Tel: 0300 1234 151. Website: cornwall.gov.uk.

Freehold with Part Vacant Possession

Commercial EPC: C