Southgate Street, Launceston, Cornwall, PL15

Grade II listed buildijng close to Southgate Arch situated in prominent town centre location with excellent window displays suitable for a range of uses, subject to planning. Rear access for loading and two parking spaces.

LOCATION
The premises front Southgate Street on the one-way system around Launceston town centre. The Town Square is close by and offers a full range of business and retail facilities.

Launceston, on the Cornwall / Devon border enjoys a good balance of travel distance to all parts of the two Counties by virtue of the nearby A30 dual carriageway. Eastwards (42 miles) is the city of Exeter providing intercity rail link,
international airport and M5 motorway link. Southwards (28 miles) is the city of Plymouth providing continental ferry port and intercity rail link.

DESCRIPTION
The premises comprises a two-storey shop unit. It has a timber frame shop front with large display windows and glazed doors. Spacious accommodation is offered on the ground floor and part first floor of the building.

ACCOMMODATION
The premises comprises a shop unit with good size retail area, W.C., storage area and separate rear entrance with off road parking (two spaces with an additional space available via separate negotiation on a month to month basis), which is about to be significantly improved in terms of surfacing and appearance.

LEASE TERMS
The premises are available on an internal repairing and insuring lease. Lease terms are negotiable but it is envisaged the lease will be approximately six years with a three year rent review.

The rent is payable quarterly in advance on the usual quarter days and the Tenant will be responsible for the reimbursement of insurance premiums paid by the Landlord for protection of the structure (£1,715 for 2023 - 2024) and a share of the Fire Safety inspections for the building, fire alarm and emergency lighting at an
approximate figure of £550.

The Tenant will also be responsible for payments of outgoings including business rates.

LEGAL COSTS
The prospective tenant is to cover the reasonable costs of the landlords legal fees, subject to a maximum of £1000 plus VAT, whether or not the lease proceeds.

SERVICES
Mains electricity, water and drainage. We have not tested any of the service installations and all interested parties should satisfy themselves as to their working order /
suitability.

EE RATING
B.

RATEABLE VALUE
£14,750 (Source: Summary valuation - Valuation Office Agency - GOV.UK (tax.service.gov.uk) )