Property description
The property is a Grade II listed individual three storey corner property. At ground floor level is a dual frontage retail shop with additional side entrances and cellar. There are a series of first floor store rooms recently converted from a residential flat. At second floor level is a sizeable residential unit with a rear pedestrian access over privately owned adjoining car park.
The property has an area of garden which may be available by separate negotiation.
The Hardware Centre occupying 8 - 10 Southgate Place sits in an important corner position just outside Southgate Arch. The shop remains a thriving cornerstone of Launceston town centre and is situated in a prominent position at the bottom of Race Hill between Madford Lane, Exeter Street, Angel Hill and Southgate Street midway between the town’s principal car parking area and the town centre.
Launceston, on the Cornwall / Devon border enjoys a good balance of travel distance to all parts of the two Counties by virtue of the nearby A30 dual carriageway spine road. Eastwards (42 miles) is the city of Exeter providing intercity rail link, international airport and M5 motorway link. Southwards (28 miles) is the city of Plymouth providing continental ferry port and intercity rail link.
THE BUSINESS
Fewer businesses in the town have a wider reputation. The current business provides a fantastic
opportunity to acquire a much loved local business with a core of loyal following, ideal for development and modernisation.
It is hoped a purchaser can be found for the business as an operational trading entity including the
prominent freehold premises. The business is offered for sale after 46 years in the same ownership as a result of family circumstance.
Adjusted trading accounts are available for inspection by seriously interested parties when viewing the property. If purchased as a going concern stock will be taken at valuation.
ACCOMMODATION
BASEMENT 20 sq m (215 sq ft)
With two separate rooms.
GROUND FLOOR RETAIL SPACE 95.47 sq m (1,027 sq ft)
Comprising sales area, office and store. There is also a W.C. on the ground floor.
FIRST & SECOND FLOOR COMMERCIAL STORAGE 97.83 sq m (1,053 sq ft)
Four storage rooms on the first floor with a further two storage rooms and W.C. on the second floor.
SECOND FLOOR FLAT 96.55 sq m (1,039 sq ft)
Comprising sitting room, kitchen, two bedrooms, bathroom and separate W.C.
Property Features :
- 46 year old family business with far reaching reputation
- "One of the towns´ best known businesses"
- Occupying a prominent three storey listed premises beside Southgate Arch
- Approximately 1,000 sq ft of retail space plus 1,000 sq ft of storage
- Large residential second floor flat with rear pedestrian access
Property Info: