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

More details for The White Hart Arcade – Retail for Sale, Launceston

The White Hart Arcade

  • Retail for Sale
  • £350,000
  • 4,456 sq ft
  • 6 Retail Properties

Launceston Portfolio of properties for Sale

Investment Consideration: VAT is NOT applicable to this property Comprises retail parade of 7 retail units Two of the tenants in occupation for 10+ years White Hart Arcade has a successful trading record with almost full occupancy since it`s creation some 40 years ago Situated in the heart of the town centre with occupiers nearby including Costa Coffee, Halifax, NatWest, Barclays, Boots and many more. Property Description: Comprises retail parade of 7 double fronted retail units, providing the following accommodation and dimensions: Ground Floor Units Unit 2: 45 sq m (484 sq ft) open plan retail, wc Unit 3: 45 sq m (484 sq ft) open plan retail, wc Ground & First Floor Units Unit 4 & 6: 108 sq m (1,163 sq ft) open plan retail, storage, wc Unit 5: 72 sq m (775 sq ft) open plan retail, office, storage, wc Unit 7: 72 sq m (775 sq ft) open plan retail, office, kitchen, wc Unit 8: 72 sq m (775 sq ft) open plan retail, storage, wc Total GIA: 414 sq m (4,456 sq ft) Tenancy: Unit 2 is at present let to Individual for a term of 12 Months from 21st December 2023 at a current rent of £5,100 per annum and the lease contains full repairing and insuring covenants. Unit 3 is at present let to Individual for a term of 2 Years from 11th February 2010 (Holding Over) at a current rent of £6,750 per annum and the lease contains full repairing and insuring covenants. Tenant in occupation for 14+ years. Units 4 & 6 are at present let to Quick & Sons for a term of 3 Years from 1st February 2023 at a current rent of £9,000 per annum and the lease contains full repairing and insuring covenants. Lease within Landlord & Tenant Act 1954. Unit 5 is at present let to Individual for a term of 5 Years from 29th October 2024 at a current rent of £5,980 per annum and the lease contains full repairing and insuring covenants. Rent review every year linked to RPI. Tenant option to determine in October 2025 with min 2 month`s notice. Deposit held of £1,000. Unit 7 is at present let to Launceston Town Council for a term of 6 Years from 21st December 2012 (Holding Over) at a current rent of £6,750 per annum and the lease contains full repairing and insuring covenants. Tenant in occupation for 11+ years. Unit 8 is at present let to Individual for a term of 12 Months from 10th March 2022 (Holding Over) at a current rent of £4,750 per annum and the lease contains full repairing and insuring covenants. Location: Launceston sits near the Cornwall / Devon border alongside the A30 dual carriageway spine road for the two Counties and enjoys an excellent balance of travel distance to all parts of Cornwall and Devon. The town has a gorgeous town centre featuring a high percentage of listed buildings with a traditional central square. The White Hart Arcade takes access just off this square and links to Madford Lane which is a street offering free car parking much used by locals. Consequently, the White Hart Arcade is one of the main pedestrian footways into the town centre and being covered is also a very popular access during inclement weather. The Arcade has a successful trading record with almost full occupancy since it`s creation some 40 years ago.

Contact:

Blue Alpine Partners Ltd

Date on Market:

22/03/2024
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More details for Penygillam Way, Launceston - Industrial for Sale

Pennygillam Industrial Estate - Penygillam Way

Launceston, PL15 7ED

  • Industrial for Sale
  • £750,000
  • 12,699 sq ft
  • Security System
  • 24 Hour Access

Launceston Industrial for Sale

Offers in the region of £750,000 are sought for the sale of the freehold interest. The property is available with vacant possession. The buildings are set in a large secure compound and consist of a large open plan warehouse with a two storey office block including offices, store rooms and staff welfare facilities. The site includes significant yard space for further development or redevelopment. The property could be suitable for various uses (subject to obtaining planning consent).

Contact:

Philips Rogers

Property Subtype:

Warehouse

Date on Market:

08/01/2026
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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 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
  • 3 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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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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