Lot 90

CHARACTER INVESTMENT AND RE-DEVELOPMENT OPPORTUNITY

11-13 High Street, Launceston, Cornwall, PL15 8ER
11-13 High Street, Launceston, Cornwall, PL15 8ER
UNSOLD

Currently part let at £6,000 per annum

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

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/