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See how verdicts workHouse · PL15 9BA
For saleListed 212 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An attractive stone faced commercial building found in a prominent spot on the edge of Launceston Town with ground and first floor offices.
The property has been occupied by a successful local company who are relocating to new premises in town and the business is unaffected.
The ground floor office has a prominent and expansive window letting in plenty of light. A door provides access to the main office space.
There is an additional office/meeting room at the rear alongside a kitchen area and a cloakroom with a WC and a sink.
A door to the other side provides access to stairs leading to the first floor, where there is the main foyer/reception area with a concealed kitchen area and sink.
A door leads into the front office which is a great size with attractive gothic style arched double windows at the front. At the side there is a shower room with a sink and WC.
We have been informed that the first floor was formerly a residential flat, so there is potential subject to the necessary planning consent to reinstate the residential usage.
The building previously had planning agreed to turn the whole property into a residential dwelling. To the side of the property there is off road parking for 1 vehicle.
Office (4.23m x 3.31m (13'10" x 10'10" )) 3.31m narrows to 2.94m Store Area (1.68m x 0.85m (5'6" x 2'9")) Hall/Kitchen (1.71m x 0.99m (5'7" x 3'2" )) Inner Office (2.10m x 2.02m (6'10" x 6'7")) Wc (1.64m x 1.14m (5'4" x 3'8" )) First Floor Reception Area And Kitchen Area (3.98m max x 3.22m (13'0" max x 10'6" )) Shower Room (2.30m x 1.93m (7'6" x 6'3")) 2.30m narrows to 0.77m 1.93m narrows to 0.84m Meeting Room (4.55m x 3.45m (14'11" x 11'3" )) 4.55m narrows to 3.28m Services Mains Electricity, Water and Drainage.
No Business Rates Applicable
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 12, Race Hill, Launceston
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