Launceston, Cornwall, PL15

Prominent Café premises with established trading pattern currently let on a ten year Repairing and Insuring Lease which commenced in 2022. Current rental income of £9,000 per annum. Frontage unit to favoured town centre shopping arcade. Good foot fall and free parking opposite (time limited)


The premises are part of a well established Shopping Arcade. At ground floor level is the principal part of the service counter and café with 30 covers internally. At first floor level is a good sized commercial kitchen and W.C.

GROUND FLOOR CAFÉ
With glazed frontage and return frontage. Counter and small kitchen area off. Stairs to first floor.

FIRST FLOOR AREA
Access into preparation area with Velux window door into further wash and storage area again with Velux window. Door to W.C.

LEASE
The premises are subject to an existing ten year lease started on 23rd July 2022 and running to 22nd July 2032. The current rent is £9,000 per annum. The Tenant is responsible for maintaining the condition of the property and for reimbursement of insurance premiums paid by the Landlord for the protection of the structure.

Location
10 White Hart Arcade occupies a prominent position at the Madford Lane end of the White Hart Shopping Arcade. The Arcade is one of the principal routes from the prime commercial area of the town to the principal area of car parking within Race Hill. Also along Madford Lane there is a well used run of time limited free car parking for shoppers which also strengthens the pedestrian flow through the Arcade.

The property occupies a sunny position at the entrance to the Arcade always an important factor for café business with regards serving external tables.

Launceston sits alongside the A30 dual carriageway spine road for Cornwall and Devon and is a natural stopping off point for Cornwall’s tourist traffic flow en-route into and out of the County.

EE Rating - D
RATEABLE VALUE - £5,600
Directions
What3Words – bearable. Venturing.glades
Virtual Tour - available upon request

Tenure - Freehold. There is a management company for the whole arcade, currently no service charge is payable.

Services - Mains water, electricity and drainage.

Viewings strictly by appointment only
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