Retail in PL16 available for sale
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Retail Property for Sale near the PL16, Lifton

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Explore the Latest PL16 Retail Properties for Sale

Retail Properties for Sale Within 5 miles of the PL16, Lifton

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 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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LoopNet UK Devon Lifton Retail Properties For Sale in PL16, Lifton, UK

Learn More About Investing in Retail Properties

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FAQs about Retail property for sale in PL16

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in PL16?
There are currently 1 Retail Properties available for sale near PL16. These PL16 Retail Property listings have an average size of. The largest available listing in PL16 is. The thriving commercial centre and excellent transport links in PL16 make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in PL16?
The average price/SF for Retail Property for sale in PL16 is about. The cost per sq ft for Retail Property in PL16 ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in PL16?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in PL16?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in PL16 is approximately.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the PL16, Lifton

With 1 retail units currently available for sale in PL16, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in PL16, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in PL16, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in PL16 can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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