Units 3, 4, 9, 11 & 22 Merchants Quay, Pennygillam Industrial Estate, Launceston, Cornwall, PL15 7QA
From
£120,000
£120.60 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
995-5,036 sq ft
92-468 sq m
- SECTOR
Commercial property for sale
- USE CLASSUse class orders: B2 General Industrial and B8 Storage and Distribution
B2, B8
Key features
- Positioned in a good setting just off Pennygillam Way
- Industrial units available from 995 sq.ft. - 5,036 sq.ft
- Site of approximately 1.07 acres (including units) with further rental potential
- Can be sold together or split as required (subject to negotiation)
- Close to A30 dual carriageway (which connects to the M5)
- Rare freehold opportunity
- Our PDF brochures contain useful links. Download the brochure from our website if using a mobile device: philipsrogers.co.uk
Description
Location
Situated on the outskirts of the busy historic north Cornish town of Launceston, Merchants Quay is positioned in a good setting just off Pennygillam Way, Pennygillam Industrial Estate. The units sit alongside a number of local and national light industrial, service sector, office and retail users. The town centre is easily accessible as is the A30 dual carriageway, which can be joined near the entrance to the estate (approximately 600 metres from the unit).
Description
The buildings are of modern steel frame construction with insulated metal cladding to the walls and roof. There are skylights set in the roof providing good levels of natural light. The units are open plan internally. There is an external yard with rights to park vehicles in front of the units.
The existing use class is understood to be for "Industrial Units" although the property could be suitable for various alternative uses (subject to obtaining the necessary planning consents).
Services
Water - Units 3&4 are connected to sub metered mains water. Unit 9 has a dedicated mains supply. Unit 11 has a temporary sub metered water supply. A permanent dedicated supply to Unit 11 is proposed for sale. Unit 22 does not have a water supply.
Electric - The properties have 3 phase power supplies (no power to container).
Drainage - Foul water drainage is connected to the public sewer.
BT/Internet - Superfast broadband is understood to be available in Launceston.
Amenities
Launceston boasts the following amenities and nearby services:
Numerous independent shops and national chains, sports pitches and a leisure centre, primary, secondary and six form educational facilities and quality local restaurants and pubs.
North Cornish beaches from 17 miles by road (Crackington Beach), Railway services are available at Okehampton railway station (21 miles by road) and Exeter airport services international and domestic flights (50 miles via dual carriageway). The A30 dual carriageway can be joined approximately 1 mile by road and the A39 Atlantic Highway (15 miles by road).
Accommodation
The attached site plan shows the freehold land and units available. The areas of the plan inside the red lines without coloured hatching show the land and buildings being sold. Units can be sold individually, although the retained land will be sold with Unit 9. Unit 22 could be sold with its own land if all remaining land is not retained with a Unit 9 sale.
A shared concrete yard space in front of the units provides reasonably level access on to Pennygillam Way. The buildings are accessed from the parking area via a concrete yard to the roller shutter doors with pedestrian access doors to the side (Unit 3) or pedestrian wicket gates set within roller doors (Units 4, 9, 11 and 22). Units 3 and 4 have toilet facilities. Unit 9 has a shower fitted in the former toilet facility (toilet could be fitted instead) and Unit 22 has a toilet facility but it is not connected to a water supply.
Tenants are responsible for the internal repair of units (to include roller doors) and contribute to exterior maintenance of the buildings and site by way of a fixed maintenance rent. The cost of buildings insurance is recovered from tenants by the Landlord.
Approximate Area (IPMS 4.2)
Unit 3 (vacant August 2024) (IPMS 2) - 94.58 sq.m. (1,018 sq.ft.)
Unit 4 (IPMS 2) - 92.45 sq.m. (995 sq.ft.)
Unit 9 (including yard lettings) 93.03 sq.m. (1,001 sq.ft.)
Unit 11 (IPMS 2) - 94.38 sq.m. (1,016 sq.ft.)
Unit 22 (IPMS 2) - 93.50. sq.m. (1,006 sq.ft.)
Unit 23 (container) (IPMS 2) - 2.45 x 6.10 metres.
Total (Note IPMS 2 includes areas occupied by internal walls, stairs, columns and toilets etc.) - 467.94 sq.m. (5,036 sq.ft.).
Note: Areas are approximate and are measured and stated in accordance with RICS professional statement "RICS property measurement 2nd Edition, Jan 2018". IPMS 2 is reference to International Property Measurement Standards (All Buildings) published January 2023. IPMS 2 is similar to GIA. GIA is a reference to the gross internal area and NIA is the net internal area.
Planning & Building Regulations
The property is not understood to have a recent planning or Building Regulation history as was constructed some time ago. Planning history can be viewed on the Cornwall Council Online Planning Register.
Interested parties will need to make their own investigations to determine whether planning consent is required for their intended use.
Legal Costs
Each party will be responsible for their own legal costs.
Price
Offers are invited for the remainder of the freehold interest of the property based on the guide prices below (all prices are plus VAT).
Units are priced individually and available for offers in the region of :
Unit 3 £120,000
Unit 4 £120,000
Unit 9 (including remaining land but excluding Unit 22 land) £190,000
Unit 11 £120,000
Unit 22 (including adjacent land and Unit 23 container) £160,000
Terms
Units are available tenanted (some with Landlord break clause) or Unit 3 with vacant possession. Lease details available upon request. Any sale will include an estate service charge for maintenance of common areas.
Business Rates
The current Rateable Value (RV) for each unit is as follows:
Unit 3 £6,800. Unit 4 £6,700, Unit 9 £6,900, Unit 11 £6,700, Unit 22 - TBC with the Valuation Office Agency. The RV's are as stated on the Valuation Office Agency (VOA) website service (effective dates 1st April 2023). Information concerning how rates are calculated are available on the Cornwall Council website.
EPC
The properties have the following EPC ratings:
Unit 3 "E", certificate reference number 3537-6568-9233-1687-4836
Unit 4 EPC is on order.
Unit 9 "E"certificate reference number 0990-0236-0519-0527-4006
Unit 11 "D"certificate reference number 6398-2264-7057-3672-0128
Unit 22 No EPC as used as a storage warehouse with no heating.
EPC,s are available to view and download online from the Non-Domestic Energy Performance Certificate Register (ndepcregister.com).
VAT
The property is elected for VAT and as such VAT will be chargeable on any sale.
Rights
The right to park vehicles to the front of the units will be granted in any sale of individual units.
Subject to Contract
This brochure is for guidance purposes only and does not constitute an offer or contract. All descriptions, particulars and dimensions stated are understood to be correct, but prospective purchasers or tenants must satisfy themselves that the information is correct and not rely on the information if entering into a contract or incurring expenses.
Viewing Arrangements
Viewings are by appointment only. Contact Phil Wiltshire on the website link below.
Situated on the outskirts of the busy historic north Cornish town of Launceston, Merchants Quay is positioned in a good setting just off Pennygillam Way, Pennygillam Industrial Estate. The units sit alongside a number of local and national light industrial, service sector, office and retail users. The town centre is easily accessible as is the A30 dual carriageway, which can be joined near the entrance to the estate (approximately 600 metres from the unit).
Description
The buildings are of modern steel frame construction with insulated metal cladding to the walls and roof. There are skylights set in the roof providing good levels of natural light. The units are open plan internally. There is an external yard with rights to park vehicles in front of the units.
The existing use class is understood to be for "Industrial Units" although the property could be suitable for various alternative uses (subject to obtaining the necessary planning consents).
Services
Water - Units 3&4 are connected to sub metered mains water. Unit 9 has a dedicated mains supply. Unit 11 has a temporary sub metered water supply. A permanent dedicated supply to Unit 11 is proposed for sale. Unit 22 does not have a water supply.
Electric - The properties have 3 phase power supplies (no power to container).
Drainage - Foul water drainage is connected to the public sewer.
BT/Internet - Superfast broadband is understood to be available in Launceston.
Amenities
Launceston boasts the following amenities and nearby services:
Numerous independent shops and national chains, sports pitches and a leisure centre, primary, secondary and six form educational facilities and quality local restaurants and pubs.
North Cornish beaches from 17 miles by road (Crackington Beach), Railway services are available at Okehampton railway station (21 miles by road) and Exeter airport services international and domestic flights (50 miles via dual carriageway). The A30 dual carriageway can be joined approximately 1 mile by road and the A39 Atlantic Highway (15 miles by road).
Accommodation
The attached site plan shows the freehold land and units available. The areas of the plan inside the red lines without coloured hatching show the land and buildings being sold. Units can be sold individually, although the retained land will be sold with Unit 9. Unit 22 could be sold with its own land if all remaining land is not retained with a Unit 9 sale.
A shared concrete yard space in front of the units provides reasonably level access on to Pennygillam Way. The buildings are accessed from the parking area via a concrete yard to the roller shutter doors with pedestrian access doors to the side (Unit 3) or pedestrian wicket gates set within roller doors (Units 4, 9, 11 and 22). Units 3 and 4 have toilet facilities. Unit 9 has a shower fitted in the former toilet facility (toilet could be fitted instead) and Unit 22 has a toilet facility but it is not connected to a water supply.
Tenants are responsible for the internal repair of units (to include roller doors) and contribute to exterior maintenance of the buildings and site by way of a fixed maintenance rent. The cost of buildings insurance is recovered from tenants by the Landlord.
Approximate Area (IPMS 4.2)
Unit 3 (vacant August 2024) (IPMS 2) - 94.58 sq.m. (1,018 sq.ft.)
Unit 4 (IPMS 2) - 92.45 sq.m. (995 sq.ft.)
Unit 9 (including yard lettings) 93.03 sq.m. (1,001 sq.ft.)
Unit 11 (IPMS 2) - 94.38 sq.m. (1,016 sq.ft.)
Unit 22 (IPMS 2) - 93.50. sq.m. (1,006 sq.ft.)
Unit 23 (container) (IPMS 2) - 2.45 x 6.10 metres.
Total (Note IPMS 2 includes areas occupied by internal walls, stairs, columns and toilets etc.) - 467.94 sq.m. (5,036 sq.ft.).
Note: Areas are approximate and are measured and stated in accordance with RICS professional statement "RICS property measurement 2nd Edition, Jan 2018". IPMS 2 is reference to International Property Measurement Standards (All Buildings) published January 2023. IPMS 2 is similar to GIA. GIA is a reference to the gross internal area and NIA is the net internal area.
Planning & Building Regulations
The property is not understood to have a recent planning or Building Regulation history as was constructed some time ago. Planning history can be viewed on the Cornwall Council Online Planning Register.
Interested parties will need to make their own investigations to determine whether planning consent is required for their intended use.
Legal Costs
Each party will be responsible for their own legal costs.
Price
Offers are invited for the remainder of the freehold interest of the property based on the guide prices below (all prices are plus VAT).
Units are priced individually and available for offers in the region of :
Unit 3 £120,000
Unit 4 £120,000
Unit 9 (including remaining land but excluding Unit 22 land) £190,000
Unit 11 £120,000
Unit 22 (including adjacent land and Unit 23 container) £160,000
Terms
Units are available tenanted (some with Landlord break clause) or Unit 3 with vacant possession. Lease details available upon request. Any sale will include an estate service charge for maintenance of common areas.
Business Rates
The current Rateable Value (RV) for each unit is as follows:
Unit 3 £6,800. Unit 4 £6,700, Unit 9 £6,900, Unit 11 £6,700, Unit 22 - TBC with the Valuation Office Agency. The RV's are as stated on the Valuation Office Agency (VOA) website service (effective dates 1st April 2023). Information concerning how rates are calculated are available on the Cornwall Council website.
EPC
The properties have the following EPC ratings:
Unit 3 "E", certificate reference number 3537-6568-9233-1687-4836
Unit 4 EPC is on order.
Unit 9 "E"certificate reference number 0990-0236-0519-0527-4006
Unit 11 "D"certificate reference number 6398-2264-7057-3672-0128
Unit 22 No EPC as used as a storage warehouse with no heating.
EPC,s are available to view and download online from the Non-Domestic Energy Performance Certificate Register (ndepcregister.com).
VAT
The property is elected for VAT and as such VAT will be chargeable on any sale.
Rights
The right to park vehicles to the front of the units will be granted in any sale of individual units.
Subject to Contract
This brochure is for guidance purposes only and does not constitute an offer or contract. All descriptions, particulars and dimensions stated are understood to be correct, but prospective purchasers or tenants must satisfy themselves that the information is correct and not rely on the information if entering into a contract or incurring expenses.
Viewing Arrangements
Viewings are by appointment only. Contact Phil Wiltshire on the website link below.
Brochures
Units 3, 4, 9, 11 & 22 Merchants Quay, Pennygillam Industrial Estate, Launceston, Cornwall, PL15 7QA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Gunnislake Station10.5 miles
About PHILIPS ROGERS COMMERCIAL, Cornwall
Trudgeon Halling, The Platt, Wadebridge, PL27 7AE (Service Address Only)
As experienced local commercial estate agents and chartered surveyors, Philips Rogers have a range of contacts locally, regionally and nationally. With our understanding of local areas (particularly North Cornwall) Philips Rogers ensure opportunities are not missed by property owners in a quickly growing and evolving commercial market. By combining our building pathology, planning and development skills with our commercial agency knowledge, Philips Rogers add significant value to the advice
Notes
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Disclaimer - Property reference MerchantsQuay. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by PHILIPS ROGERS COMMERCIAL, Cornwall. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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