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Retail Property (high street) for sale
Market Place, Wisbech
The property is prominently located at the eastern end of the Market Place in the Georgian market town of Wisbech. Locally known as The Capital of the Fens, Wisbech has a population of around 20,000 and is a market town of great character and historical importance.
Wisbech lies approximately 23 miles from Peterborough, 39 miles from Cambridge and 55 miles from Norwich. The A47 Trunk Road between Norwich and Leicester passes around the southern and eastern side of Wisbech.
The Market Place forms the centre of the primary shopping district of Wisbech, lying adjacent to The Horsefair shopping centre and adjoining the High Street. Occupiers of the Market Place include local occupiers, regional and national chains.
A mid-terraced building providing 37.1 sq.m. of ground floor retail space with additional basement, first and second floor storage.
Retail Area 3.2m x 10.9m (37.1 sq.m.) with recessed entrance door, large display front window, rear display window and stepped floor.
Basement 2.9m x 9.3m (25.2 sq.m.)
Stairs from Ground Floor Retail to:
First Floor Store 10.5m x 3.1m (30.9 sq.m.)
Stairs to Second Floor:
Store 3.2m x 7.6m (23.6 sq.m.)
Mains drainage, electricity and water are understood to be connected. Mains gas is understood to be available in the street.
Interested parties are advised to make their own enquiries of the relevant drainage authority and utility companies.
The property is offered For Sale Freehold, with vacant possession upon completion.
Alternatively, the property is offered To Let on a new lease for a period to be agreed (minimum of three years sought) on a Full Repairing and Insuring Basis, contracted out of the Security of Tenure provisions of Part II of the Landlord & Tenant Act 1954. The Tenant will be responsible for all outgoings in addition to the rent.
Rateable Value (2010 List): £7,900
Uniform Business Rates 2012/13: £3,618.20
NB The property may be eligible for Small Business Rates Relief dependant upon the occupier's circumstances. Due to Transitional Relief provisions and Small Business Rates Relief provisions, the rates payable with regard to this property may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority (Fenland District Council, Fenland Hall, County Road, March, Cambridgeshire PE15 8NQ 01354 654321) as to the current rates liability.
The Tenant will be responsible for reimbursing the Landlord's legal costs incurred in the preparation of the Lease.
The current use of the property as a retail shop is long standing and believed lawful, and would fall within Use Class A1 (Retail) as defined by the Town & Country Planning (Use Classes) Order 1987 (As Amended).
For an appointment to view apply to the Agent.