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Westgate Street, Launceston, PL15
Two Freehold Shops – Launceston
Westgate Street, Launceston, PL15
For Sale
£39,500+
- Two separate Freehold shops spaces formerly as one
- Grade II listed
- In need of some refurbishment throughout
- Prime town position
- Offering huge potential
Description
A great opportunity to purchase two Freehold shop spaces which is currently split separately, but formerly all as one. Both shops are in need of refurbishment throughout but offer a huge amount of potential and are located within a prime position of town.
Accommodation
| Approx. total size | 667 sq ft (62 sq m) |
| Configuration | Two separate ground-floor shop spaces, formerly one unit |
| Rateable values | £2,750 for 20A and £6,900 for 20B as at 1 April 2026 (Kivells particulars) |
Location
Prime town-centre position on Westgate Street, Launceston, according to Kivells.
Tenure
| Tenure | Freehold shops; flats above are leasehold |
| EPC | C (both shops) |
| Services | Mains water, electricity and drainage. |
Auction Information
| Auction date | 2026-10-07 at 7:00pm |
| Guide price | £39,500 Guide Price |
| Buyer’s administration fee | £2,400 inc VAT |
| Status | For Sale |
Investment Analysis
HB desktop commercial screening. Rental and end-value figures are estimates and require a local commercial agent appraisal and legal-pack review.
Investment Snapshot
| Guide Price | £39,500 |
| Approx Size | 667 sq ft (62 sq m) |
| Refurbishment Budget | £30,000 |
| Estimated Total Project Cost | £76,900 before SDLT |
| Low / Base / High Value | £70,000 / £90,000 / £115,000 |
| Indicative Combined Rent | £15,000 pa |
| Gross Yield – Purchase | 38.0% |
| Gross Yield – Total Project Cost | 19.5% |
| Suggested Strategy | Refurbish and let or occupy the two retail units |
| Main Risk | Grade II listing, roof-repair liability relating to flats above, rights of way and retail letting demand. |
Market Comparables
| Nearby Westgate Street retail unit | £9,000 pa marketed rent for 602 sq ft |
| Subject | £39,500 auction guide for 667 sq ft |
| HB base combined rent | £15,000 pa desktop estimate for two refurbished units |
Proposed Works
| Shopfront / external repairs | £5,000 |
| Internal strip-out and finishes | £8,000 |
| Electrical / lighting | £4,500 |
| Plumbing / WC / kitchenette | £3,500 |
| Listed-building / professional allowance | £3,000 |
| Contingency | £6,000 |
Commercial Rental Analysis
| Indicative combined rent | £15,000 pa |
| Gross yield on guide | 38.0% |
| Gross yield on total project cost | 19.5% |
| Evidence | Nearby 602 sq ft Westgate Street retail unit marketed at £9,000 pa; subject comprises two spaces. |
Maximum Bid Indicator
| Base capital value | £90,000 |
| Works | £30,000 |
| Known admin fee | £2,400 |
| Legal / finance / holding allowance | £5,000 |
| Target margin | 15% of base value |
| Indicative maximum bid | £39,100 |
| SDLT | Buyer-specific; excluded and should be deducted. |
Strategy Recommendation
Refurbish and let or occupy the two retail units.
Strategy Rating
| Commercial letting | ★★★★☆ |
| Owner occupation | ★★★☆☆ |
| Refurbish and resell | ★★★☆☆ |
Key Risks
- Grade II listing, roof-repair liability relating to flats above, rights of way and retail letting demand.
- Kivells states the flats above are leasehold and the shop owner has roof-repair responsibilities.
- The rear passage for the smaller shop is a right of way for the flat leaseholder and is excluded from 20 Westgate Street.
Analysis Confidence
Medium for Kivells source facts; low-to-medium for commercial rent/value estimates pending local agent evidence and legal review.
Auction Details :
Kivells
Auction Date :
10/10/26
Lot Number :
027
Property Location:
Westgate Street, Launceston, PL15
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