Unit on Business Park / Potential Trade Counter

To Let

Unit 1 Douglas Business Park Pennygillam Way Pennygillam Industrial Estate Launceston, Cornwall PL15 7ED

Recently Converted Unit (approximately 2,864 sq. ft, GIA, including mezzanine)

£29,950 plus VAT per annum

Next to Toolstation (Unit 2) opened in 2020

Description

Unit 1 consists of a former workshop building that has been split and refurbished to accommodate Toolstation in Unit 2. Unit 1 has been upgraded with composite insulated wall and roof panels, a new aluminium glazed entrance and electric roller door to the rear. The unit can be presented as a shell finish ready for Tenant fit out or retained as existing with the mezzanine and office/trade counter below. There are two parking bays to the front for customers, with overflow and staff parking to the rear (parking requirements to be negotiated). The unit could be suitable for various uses (subject to obtaining planning consent).

Accommodation

Douglas Business Park is accessed from level entrances off Pennygillam Way, which is the primary arterial route through the estate with a busy flow of passing traffic. Douglas Business Park has been created from space adjoining the motorship dealer Spry’s of Launceston, who continue to occupy the site alongside the national trade counter business Toolstation Ltd., Hawkins Motors, Launceston Cycles and Toms Hydraulics. The unit sits under a sloping roof with the highest section abutting the party wall to Unit 2 (3.77m to eaves and 6.78m to ridge). Unit 1 has new powder coated double glazed aluminium entrance doors to the front and can be presented in shell condition ready for tenant fit out or retained in its current form with a mezzanine and office/trade counter below. There is a roller door to the rear for loading (approximate clear width 3.96m and height of 3.8m).

Legal Costs

The prospective tenant will pay the landlords reasonable legal costs in respect of preparation of the lease. Subject to a maximum of £950 plus VAT.

Price

Offers in the region of £29,950 plus VAT are sought for the annual rental of Unit 1.

Terms

The property is available on an effective full repairing and insuring basis (with a proportional contribution towards repair/maintenance). The landlord will recover the cost of insurance from the tenant (premium to be confirmed). The landlord envisages a lease term of three years or more. The property will be available with vacant possession.

Business Rates

The rateable value (RV) will be assessed when the unit has been inspected by the Valuation Office Agency (VOA). The RV will be stated on the 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).

VAT

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