Industrial Unit

For Sale / To Let

4 Merchants Quay Pennygillam Industrial Estate Launceston Cornwall PL15 7QA

Industrial Unit (1,028 sq. ft, IPMS2)

£120,000 plus VAT for the freehold interest £10,000 plus VAT per annum for rental

Close to A30 dual carriageway (which connects to the M5)

Rare freehold opportunity with vacant possession

Description

The building is 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 unit is open plan with a toilet within. There is a significant external yard with parking for small/medium sized vehicles (two spaces included with the unit).
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).

Accommodation

There is a shared concrete yard space in front of the unit which provides reasonably level access onto Pennygillam Way. The unit is accessed from the parking area to the roller shutter door. Pedestrians can access the unit via a wicket gate within the roller door.
The unit is open plan with a large toilet facility within. The internal heights are approximately 4.93m to eaves and 5.71m to ridge.

Legal Costs

Each party will be responsible for their own legal costs.

Price

Offers in the region of £120,000 plus VAT for the freehold interest of the property or £10,000 plus VAT per annum for the annual rental .

Terms

The property is available with vacant possession. Any sale will include an estate service charge for maintenance of common areas.
The property can also be available for rental on an internal repairing basis, although the tenant will be responsible for maintaining the roller door. The landlord will recover insurance and maintenance rent from the tenant (premium to be confirmed). The landlord envisages a lease term of two years or more and rent is to be paid monthly in advance.

Business Rates

The current rateable value (RV) is £6,700. The RV is as stated on the Valuation Office Agency (VOA) website service (effective date 1st April 2023). Information concerning how rates are calculated are available on the Cornwall Council website.

VAT

The property is elected for VAT and as such VAT will be chargeable on any sale/rental.

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. Prospective purchasers or tenants must satisfy themselves the details are correct and not place reliance on them if entering into a contract or incurring expenses.

Viewing Arrangements

Viewings are by appointment only. Contact Phil Wiltshire on:
01208 812 812

For full details please download the PDF Brochure, which also contains some useful links.