Commercial Property in PL15 available for sale
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Commercial Properties for Sale in the PL15, Launceston

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Explore the Latest PL15 Commercial Property for Sale

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More details for 13 Broad St, Launceston - Retail for Sale

13 Broad St

Launceston, PL15 8AA

  • Retail for Sale
  • £350,000
  • 4,766 sq ft
  • Security System

Launceston Retail for Sale

The building is a former bank premises with significant floor space set over five floors. The front elevation is clad in granite and the interior is fitted with ornate period features throughout to include large sash windows to the front with secondary glazing to the first floor front elevation windows. The building includes an air source heat pump and air conditioning systems for heating and cooling and is fitted with automated lighting in many rooms with many other modern improvements throughout the building. The property is not understood to be listed albeit it is located in a conservation area. The premises could be suitable for alternative uses subject to obtaining appropriate planning consents.

Contact:

Philips Rogers

Property Subtype:

Shopfront

Date on Market:

31/07/2025
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More details for 8 Westgate St, Launceston - Retail for Sale

8 Westgate St

Launceston, PL15 7AB

  • Retail for Sale
  • £275,000
  • 2,282 sq ft
  • 24 Hour Access

Launceston Retail for Sale

Freehold with vacant possession £275,000. Restaurant G’s is a substantial freehold property arranged over four floors, with a ground-floor restaurant and bar which is attractively fitted out offering 20 covers. The restaurant boasts 5* TripAdvisor reviews and is a popular dining venue, known for its themed and music nights. To the rear of the main restaurant steps lead to a mezzanine snug room (14 covers), as well as customer toilets. An internal staircase leads from the restaurant to an open-plan first floor, with a feature stone wall, which offers additional seating for approximately 36 covers and a customer toilet. The lower ground floor comprises a cellar, storage areas and a commercial kitchen, fitted out with stainless steel worktops, gas cooker, a combi-oven and a range of fridges and fryers. A separate access from this level leads to a private alleyway that connects to Western Road. The second floor of the property includes two staff areas with shower facilities, which could potentially be used for private residential purposes, subject to confirmation. In total, the property extends to a gross internal floor area of approximately 212 sq m (2,282 sq ft). Planning consent was obtained under application PA21/06776 (now expired) for extensions and alterations to the rear kitchen and first-floor seating area, to create a part indoor/outdoor style terrace. Conditional approval was granted on 13 April 2022. Launceston is a traditional market town, positioned on the Cornwall/Devon border immediately adjacent to the A30 trunk road. The town has a resident population in the order of 11,000 persons, with a catchment significantly in excess of this. The town is pivotal in the local economy, lying between the city of Plymouth on the south coast, and the coastal resort of Bude to the north. The town has a mix of retail occupiers including national retailers Superdrug, CoOp and Costa Coffee, and is also well represented by local retailers within both prime and secondary retail areas. This café/bistro is located at the northern end of Westgate Street, a thoroughfare linking Westgate Car Park to the town centre, and providing access towards High Street and Broad Street.

Contact:

Scott Burridge Commercial LLP

Property Subtype:

Restaurant

Date on Market:

09/07/2025
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More details for Pennygillam Way, Launceston - Industrial for Sale

Pennygillam Industrial Estate - Pennygillam Way

Launceston, PL15 7ED

  • Industrial for Sale
  • £700,000 - £800,000
  • 10,628 - 30,965 sq ft
  • 4 Units Available
  • Energy Performance: C

Launceston Industrial for Sale

Martins Cash and Carry sits within an approximately 3.15 acre site (predominantly of concrete/tarmac/some unmade hardstanding) running parallel to Pennnygillam Way with numerous connected warehouses, a 2 storey office block and a cabin set within. The majority of the site is currently vacant although there is one tenant occupying the western end of the site on a three year contracted out lease. The site has significant development/refurbishment potential and could be suitable for various uses (subject to planning).

Contact:

Philips Rogers

Property Subtype:

Warehouse

Date on Market:

16/10/2024
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More details for Pennygillam Way, Launceston - Industrial for Sale

Pennygillam Industrial Estate - Pennygillam Way

Launceston, PL15 7ED

  • Industrial for Sale
  • £1,575,000
  • 47,990 sq ft
  • Energy Performance: C

Launceston Industrial for Sale

The freehold is available for sale from £625,000 for the freehold interest. 2No. remaining plots available within a 1.88 acre site: Plot 2 - Site Area (including buildings) - 4,608.42 sq.m. (49,605 sq.ft.) - 1.14 acres Plot 3 - Site Area (including buildings) - 3,019.21 sq.m. (32,499 sq.ft.) - 0.75 acres Please see attached brochure for further details Approximately 1.88 acre (site and buildings) running parallel to Pennnygillam Way with numerous connected warehouses, a 2 storey office block and a cabin set within. The remainder of the site is currently vacant. Plots 1 and 4 at either end of the site are sold subject to contract. There will be new entrances installed at each end of the site to replace those that will be lost in the sales of Plot 1 and 4 (plans available upon request). The site has significant development/refurbishment potential and could be suitable for various uses (subject to planning).

Contact:

Philips Rogers

Property Subtype:

Warehouse

Date on Market:

29/06/2022
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LoopNet UK Cornwall Launceston Commercial Properties For Sale in PL15, Launceston, UK

Learn More About Investing in Commercial Properties

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FAQs about Commercial Properties For Sale in PL15

See All Properties For Sale
How many Commercial Property listings are available for sale in PL15?
There are currently 7 Commercial Properties available for sale near PL15. These PL15 Commercial Property listings have an average size of. The largest available listing in PL15 is. The thriving commercial centre and excellent transport links in PL15 make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in PL15?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in PL15 currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in PL15?
There is a diverse range of commercial properties available in PL15 to suit various business needs. PL15 offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 7 PL15 commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the PL15, Launceston

You searched for commercial property for sale in PL15. Explore 7 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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