Industrial Unit

To Let Let Agreed

4 Merchants Quay Pennygillam Industrial Estate Launceston Cornwall PL15 7QA

Industrial Unit (approximately 1,028 sq. ft, GIA)

£7,000 plus VAT per annum—Flexible lease terms (tenant break option)

Good location just off Pennygillam Way close to A30


The building is of reasonably modern construction consisting of steel frame with composite insulated panels 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 and kitchenette block within. There is a significant external yard with parking for vehicles (two spaces included with the unit). The existing use class is understood to be Class B although the property could be suitable for various alternative uses (subject to obtaining the necessary planning consents).


Merchants Quay is accessed from Pennygillam Way, which is the primary arterial route through the estate with a busy flow of traffic passing. A shared concrete yard space in front of the unit provides reasonably level access onto Pennygillam Way. The building is accessed from the parking area via a short concrete ramp up to the roller shutter door (with pedestrian door set 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.


£7,000 plus VAT is sought for the annual rental of the unit.


The property is available 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 (£30 plus VAT per month in 2020). The landlord envisages a lease term of two years or more and rent is to be paid monthly in advance. A rolling tenant break option is available (with 3 months written notice). The property is available with vacant possession.

Business Rates

The current rateable value (RV) is currently unknown. The RV is usually stated on the Valuation Office Agency (VOA) website service. Information concerning how rates are calculated are available on the Cornwall Council website. It is possible prospective tenants could be eligible for small business rates relief (to be confirmed with Cornwall Council prior to agreeing terms).


The property is elected for VAT and as such VAT will be chargeable on the rent.

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, but prospective purchasers or tenants must satisfy themselves that the information is correct and not rely on the information if entering into a contract or incurring expenses.

Viewing Arrangements

Viewings are by appointment only. Contact Phil Wiltshire BSc(Hons) MRICS on:
01208 812 812

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