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Pennygillam Way - Pennygillam Industrial Estate 10,628 - 30,965 SF Industrial Condo Units Offered at $1,303,508 - $1,489,723 CAD Per Unit in Launceston PL15 7ED
INVESTMENT HIGHLIGHTS
- 4No. Plots available from £700,000
- Prominently located and Close to A30
- Redevelopment/change of use potential
EXECUTIVE SUMMARY
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
| Total Building Size | 47,990 SF | Floors | 2 |
| Property Type | Industrial | Typical Floor Size | 40,956 SF |
| Property Subtype | Warehouse | Year Built | 1980 |
| Building Class | B | Lot Size | 1.88 AC |
| Total Building Size | 47,990 SF |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 40,956 SF |
| Year Built | 1980 |
| Lot Size | 1.88 AC |
AMENITIES
- Energy Performance Rating - C
- Automatic Blinds
4 UNITS AVAILABLE
Unit Plot 1
| Unit Size | 30,965 SF | Condo Use | Industrial |
| Price | $1,303,508 CAD | Sale Type | Investment or Owner User |
| Price Per SF | $42.10 CAD | Tenure | Freehold |
| Unit Size | 30,965 SF |
| Price | $1,303,508 CAD |
| Price Per SF | $42.10 CAD |
| Condo Use | Industrial |
| Sale Type | Investment or Owner User |
| Tenure | Freehold |
DESCRIPTION
Martins Cash & Carry is accessible from 4.No. vehicular entrances off Pennygillam Way, which is the primary road through the estate with a busy flow of passing
traffic. The site is mostly vacant although British Wool occupy Well Warehouse to the west on a contracted out 3 year lease which commenced on the 1st of May
2024 (see the previous and the next page for details). The warehouse buildings are generally of steel frame and concrete block wall construction with asbestos
cement sheet roof and wall cladding (some wall faces are rendered). The office building is clad in red brick. Site plans and indicative floor plans are available upon
request or can be downloaded from our website. An asbestos survey is available upon request.
SALE NOTES
The entire freehold is available for sale or with the option to be purchased in separate plots. Plot 1 is available for purchase with a guide price of £700,000.
Unit Plot 2
| Unit Size | 10,628 SF | Condo Use | Industrial |
| Price | $1,489,723 CAD | Sale Type | Investment or Owner User |
| Price Per SF | $140.17 CAD | Tenure | Freehold |
| Unit Size | 10,628 SF |
| Price | $1,489,723 CAD |
| Price Per SF | $140.17 CAD |
| Condo Use | Industrial |
| Sale Type | Investment or Owner User |
| Tenure | Freehold |
DESCRIPTION
Martins Cash & Carry is accessible from 4.No. vehicular entrances off Pennygillam Way, which is the primary road through the estate with a busy flow of passing
traffic. The site is mostly vacant although British Wool occupy Well Warehouse to the west on a contracted out 3 year lease which commenced on the 1st of May
2024 (see the previous and the next page for details). The warehouse buildings are generally of steel frame and concrete block wall construction with asbestos
cement sheet roof and wall cladding (some wall faces are rendered). The office building is clad in red brick. Site plans and indicative floor plans are available upon
request or can be downloaded from our website. An asbestos survey is available upon request.
SALE NOTES
The entire freehold is available for sale or with the option to be purchased in separate plots. Plot 2 is available for purchase with a guide price of £800,000.
Unit Plot 3
| Unit Size | 25,535 SF | Condo Use | Industrial |
| Price | $1,303,508 CAD | Sale Type | Investment or Owner User |
| Price Per SF | $51.05 CAD | Tenure | Freehold |
| Unit Size | 25,535 SF |
| Price | $1,303,508 CAD |
| Price Per SF | $51.05 CAD |
| Condo Use | Industrial |
| Sale Type | Investment or Owner User |
| Tenure | Freehold |
DESCRIPTION
Martins Cash & Carry is accessible from 4.No. vehicular entrances off Pennygillam Way, which is the primary road through the estate with a busy flow of passing
traffic. The site is mostly vacant although British Wool occupy Well Warehouse to the west on a contracted out 3 year lease which commenced on the 1st of May
2024 (see the previous and the next page for details). The warehouse buildings are generally of steel frame and concrete block wall construction with asbestos
cement sheet roof and wall cladding (some wall faces are rendered). The office building is clad in red brick. Site plans and indicative floor plans are available upon
request or can be downloaded from our website. An asbestos survey is available upon request.
SALE NOTES
The entire freehold is available for sale or with the option to be purchased in separate plots. Plot 3 is available for purchase with a guide price of £700,000.
Unit Plot 4
| Unit Size | 11,827 SF | Condo Use | Industrial |
| Price | $1,396,615 CAD | Sale Type | Investment or Owner User |
| Price Per SF | $118.09 CAD | Tenure | Freehold |
| Unit Size | 11,827 SF |
| Price | $1,396,615 CAD |
| Price Per SF | $118.09 CAD |
| Condo Use | Industrial |
| Sale Type | Investment or Owner User |
| Tenure | Freehold |
DESCRIPTION
Martins Cash & Carry is accessible from 4.No. vehicular entrances off Pennygillam Way, which is the primary road through the estate with a busy flow of passing
traffic. The site is mostly vacant although British Wool occupy Well Warehouse to the west on a contracted out 3 year lease which commenced on the 1st of May
2024 (see the previous and the next page for details). The warehouse buildings are generally of steel frame and concrete block wall construction with asbestos
cement sheet roof and wall cladding (some wall faces are rendered). The office building is clad in red brick. Site plans and indicative floor plans are available upon
request or can be downloaded from our website. An asbestos survey is available upon request.
SALE NOTES
The entire freehold is available for sale or with the option to be purchased in separate plots. Plot 4 is available for purchase with a guide price of £750,000.
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Pennygillam Way - Pennygillam Industrial Estate
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