Property description
6 Westgate Street / 3 Western Road is a modern structure having been re-built in the latter part of the 20th Century and comprises a maintenance free front elevation with commercial shop window and glazed entrance door. The rear elevation of the building fronts onto Western Road with maintenance free slate hung upper elevation with commercial shop frontage at street level.
Including the lower ground floor storage area the property is arranged over four floors and has dual shop frontage offering flexibility of use.
6 Westgate Street / 3 Western Road is within the prime commercial trading area of Launceston town centre with nearby units occupied by Santander, Phillip Warren Butchers, The White Hart Hotel and Boots chemist.
Launceston sits astride the A30 dual carriageway midway between north and south Cornish coasts on the Cornwall / Devon border. The town enjoys a good balance of travel distance to all parts of the two counties and due to its remoteness from major centres such as Truro to the west, Exeter to the east and Plymouth to the south has a thriving business community.
AREAS
The frontage shop is considered to have an ITZA of 50.72sq m and the rear frontage shop an ITZA of 25.30sq m, this breaks down as follows:-
6 Westgate Street - Zone A, 21.79sq m. Zone B, 14.56sq m. Zone C, 27.57sq m. Remainder, 62.32sq m. Office 21.08sq m. Cellar 73.17sq m.
3 Western Road - Zone A, 17.95 sq m. Zone B, 14.71m.
LEASE TERMS
The unit is available on a full repairing and insuring lease. It is envisaged the successful tenant will take a nine year lease with three year rent reviews. The tenant will be responsible for internal and external repair and decoration. The starting rent sought is £25,000 per annum. The rateable value for 6 Westgate Street is £13,500 and £3,100 for 3 Western Road.
Property Features :
- Prime retail unit with two bedroom flat over plus rear frontage retail unit
- Excellent trading position beside town centre
- Spacious first / second floor two bedroom flat
- Modern low maintenance frontage with good display window
- In good all round condition