From
£160,000
Property for saleChurch Street, Launceston PL15
Auction
About this property
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
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
Mortgage calculator
Monthly repayment
£800 per month
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