COMMON USE CLASS: Sui_generis_1
Situated on the outskirts of the historic former capital town of Launceston alongside the A388 towards Tavistock, the property sits at the front of a densely populated and growing residential area. The site is near a Tesco supermarket, three industrial estates, a retail park and a number of new housing developments currently underway or planned.
The 0.64 acre land is reasonably level although slightly sloping towards a new housing development at the rear of the site. The front of the site is in a prominent visible location just off a mini roundabout linking a new housing estate and a slip road joining the A30 dual carriageway westbound. The site is visible from the busy A388 roundabout linking Launceston to Tavistock and Plymouth. There is an area of the land which is outside of the Sellers Title (see next page). Enquiries are currently being made to attempt to bring this land within the ownership of the seller. Further details can be provided upon request.
Launceston offers the following amenities and nearby services: Numerous independent shops and national chains, sports pitches and a leisure centre, primary, secondary and six form educational facilities and quality local restaurants and pubs. North Cornish beaches from 17 miles by road (Crackington Beach), Railway services are available at Okehampton Railway Station (21 miles by road) and Exeter airport services international and domestic flights (50 miles by road). The A30 dual carriageway can be joined approximately 350 metres away and the A39 Atlantic Highway (15 miles by road). Additional land is available if required.
Offers in the region of £199,999 are sought for the freehold interest. Offers to lease the land, or a public house constructed by the owners, are invited for consideration.
Services and Access
Prospective buyers should make their own enquiries to determine the availability of water, electricity, foul drainage and communications in the adjacent estate road. It is understood the adjacent housing estate road is due for Local Authority adoption. Prospective buyers should make their own enquiries concerning the status of the road and the rights of access (over and under) through their legal advisers.
The land is subject to a Section 106 Agreement under The Town and Country Planning Act 1990 requiring the site to be developed for a public house. The land does not currently have planning consent for this use. The land is understood not to have a planning history, but interested parties should verify this through their legal advisers. Planning information can be viewed on the Cornwall Council Online Planning Register. Potential purchasers are advised to make their own enquiries to Cornwall Council; Tel: 0300 1234 151; Email: [email protected]; Website: cornwall.gov.uk
Under the Finances Acts 1989 and 1997, VAT may be levied on the rental. We recommend that the prospective purchaser establishes the VAT implications before entering into any agreement. The property is understood not to be elected for VAT.
Each party to bear their own legal costs incurred in the transaction. However if the purchaser aborts the transaction for any reason then they will be responsible for the seller’s legal costs.
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