Pennygillam Industrial Estate Pennygillam Way 47,990 SF Vacant Industrial Building Launceston PL15 7ED $4,616,911 CAD ($96.21 CAD/SF)

INVESTMENT HIGHLIGHTS

  • Industrial development/investment.
  • Redevelopment/change of use potential.
  • 4No. Plots available with or without buildings (0.71 to 3.15 acres) - Different configurations possible
  • Prominently located and Close to A30

EXECUTIVE SUMMARY

The freehold is available for sale from £700,000 for the freehold interest.
4No. plots available within a 3.15 acre site:
Plot 1 - Site Area - 2,876.70 sq.m. (30,965 sq.ft.) - 0.71 acres
Plot 2 - Site Area (including buildings) - 3,574.51 sq.m. (38,476 sq.ft.) - 0.88 acres
Plot 3 - Site Area (including buildings) - 3,317.85 sq.m. (35,713 sq.ft.) - 0.82 acres
Plot 4 - Site Area (including buildings) - 2,972.42 sq.m. (31,995 sq.ft.) - 0.73 acres
Please see attached brochure for further details
Martins Cash and Carry sits within an approximately 3.15 acre site (predominantly of concrete/tarmac/some unmade hardstanding) running parallel to Pennnygillam Way with numerous connected warehouses, a 2 storey office block and a cabin set within. The majority of the site is currently vacant although there is one tenant occupying the western end of the site on a three year contracted out lease. The site has significant development/refurbishment potential and could be suitable for various uses (subject to planning).

PROPERTY FACTS

Price $4,616,911 CAD
Price Per SF $96.21 CAD
Sale Type Investment
Tenure Freehold
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 3.15 AC
Rentable Building Area 47,990 SF
No. Stories 2
Year Built 1980
Parking Ratio 1.13/1,000 SF

AMENITIES

  • Energy Performance Rating - C
  • Automatic Blinds

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
  • Listing ID: 26046170

  • Date on Market: 2022-06-29

  • Last Updated:

  • Address: Pennygillam Way, Launceston PL15 7ED