Property description

The premises occupy the ground and part first floor of a three storey brick built building set in a parade of period retail premises with ancillary accommodation over. There is an access door leading into the retail area of the shop with large display window.  Stairs rise to first floor retail / storage accommodation as well as a W.C.   

24 Church Street is situated in the prime commercial area of Launceston just off the Town Square.   The A30 dual carriageway is within one mile providing excellent road links to the east with Exeter being 40 miles distance (M5 beyond).  The A388 provides good access to Plymouth (approx. 26 miles south).

TENURE
Please note: The premises are available by way of an assignment of the existing lease which expires in August 2017. The current rent payable is £7,500 per annum.   The landlord has confirmed he is prepared to grant a new lease. 

LEASE TERMS
It is envisaged the new lease will be six or nine years with a three year rent review.

The rent is payable quarterly in advance on the usual quarter days. 

The tenant is responsible for internal and external repair and decoration and the reimbursement of insurance premiums paid by the Landlord for the protection of the structure. 

LEGAL FEES
Each side will be responsible for payment of their own legal fees.  (whether or not the matter proceeds to exchange).

SERVICES
Mains electricity, water and drainage are connected.

RATEABLE VALUE
£7,600 per annum (source: www.voa.gov.uk)  This property could benefit from Small Business Rates 
Relief (depending upon circumstances)

EE RATING 
Band C.

Property Features :

• Retail shop in town centre position
• Ground floor retail space with first floor storage / retail
• Good size frontage window
• Assignment of current lease which expires August 2017 or new lease