Summary - 13 BROAD STREET LAUNCESTON PL15 8AG
1 bed 1 bath Retail Property (high street)
Rare large former bank with redevelopment potential in central Launceston..
Prominent town square location with high visibility and footfall potential.
A substantial five-storey former bank occupying 4,766 sq ft in Launceston’s busy town square. The granite façade, high ceilings and large sash windows give strong period character, while recent mechanical and electrical upgrades — including air source heat pump, air conditioning and automated lighting — reduce immediate capital expenditure. The property currently has an EPC rating of B and is available freehold at offers around £350,000 or to let at £29,500 per annum.
Internally the layout provides flexible accommodation: a large banking hall, multiple offices/meeting rooms, basement strongroom with steel door and safes, plus upper floors and external lightwell/balcony. Its size and central location make it suitable for a range of commercial uses or conversion to mixed use, subject to planning. Access is good, with the A30 under a mile away and local amenities, schools and industry nearby.
Buyers should note the building sits in a conservation area and any change of use or redevelopment will require appropriate consents. Parts of the upper floors have not been used for some time and will need refurbishment; there will be ongoing maintenance costs typical of an older, ornate property. The immediate area scores as more deprived with above-average crime statistics, which may affect certain occupier types and insurance terms.
Overall this is a character-rich, well-serviced town-centre property offering clear potential for investors or operators prepared to manage planning and refurbishment. The combination of size, prominent frontage and modern services offers a fast-track base for many commercial or conversion projects, while the basement strongroom and secure front make it attractive for businesses needing heavy-duty storage or security.
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