Summary - 12, CHURCH STREET PL15 8AP
2 bed 1 bath Retail Property (high street)
Fully-let mixed-use freehold delivering immediate rental income and period charm.
Prominent Church Street retail frontage with large display windows
A fully-let, freehold mixed-use building forming a prominent corner on Church Street, Launceston. The mid-19th century façade and period sash windows give immediate kerb appeal while large ground-floor display windows suit continuing retail use. Current rents total £18,600 pa (£1,550 pcm) delivering a circa 9.5% gross yield at the asking price, with separate rear access to the two flats and a retail basement for storage.
This is an investor-focused opportunity: the ground-floor commercial unit is let at £500 pcm, the first-floor flat at £480 pcm and the top-floor flat at £570 pcm, providing secure, diversified income streams from day one. High footfall on Church Street and visible retail frontage support ongoing tenancy demand for shop and small flat accommodation in the town centre.
Buyers should note material considerations. The property is Grade II listed — statutory constraints will affect alterations and can increase repair costs. The area is classified as deprived with above-average crime levels, and the plot is very small with limited external space. Period features and the building’s age mean maintenance and specialist repair work are likely over time.
Overall, this is a low-management, income-producing freehold for an investor seeking an entry into Launceston’s core retail market and a historical asset with short-term returns and longer-term repositioning potential, subject to listed-building constraints and local market conditions.
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