Industrial development/investment

For Sale

Martins Cash & Carry Pennygillam Industrial Estate Launceston Cornwall PL15 7ED

Approximately 48,000 sq.ft of floor space within a 3.15 acre site

Price on application

Further development/change of use potential

Prominently located and Close to A30

Description

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. Large parts
of the site are currently vacant following the closure of the cash and carry business, although some occupiers remain under formal
and informal arrangements. The site has significant development potential as some of the space is under utilised. The site could be
suitable for various uses (subject to planning).

Accommodation

Martins Cash & Carry is accessible from 4.No. vehicular entrances off Pennygillam Way, which is the primary arterial route through the estate with a busy flow of passing traffic. Martins Cash and Carry was trading until the 31st May 2022 from a large proportion of the site and buildings. Some remaining spaces are occupied under formal and informal arrangements. British Wool occupy Well Warehouse on a 3 year lease expiring on the 23rd May 2024. The Pie Stop Café is holding over under an expired lease (further details concerning occupancies can be provided to seriously interested parties). The warehouse buildings are generally of steel frame and concrete block wall construction with asbestos cement sheet roof and wall cladding (some wall faces are rendered). The office building is clad in red brick. Site plans and indicative floor plans are available upon request or can be downloaded from our website. An asbestos survey is available upon request.

Legal Costs

Each party will be responsible for their own legal costs.

Price

Price on application depending upon whether parties are interested in acquiring part or all of the site.

Business Rates

The current rateable values (RV) are as follows: Martins Cash & Carry is £78,500. Well Warehouse (listed as Redmoor Health Foods) is £21,000. Pie Stop Café (listed as Portacabin Stores (adj Martins Cash & Carry) is £8,300. The RV’s are as stated on the Valuation Office Agency (VOA) website service (effective dates 1st April 2017). Information concerning how rates are calculated are available on the Cornwall Council website.

VAT

The property is not understood to be elected for VAT.

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.