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Retail Property (high street) for sale

Market Street Wisbech

Removed £65,000
31 sq. m.

Property Description

Commercial information

  • 333 sq ft (31 sq m)

Full description

Tenure: Freehold

The property is located on the eastern side of Market Street, just off 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 central business area of Wisbech comprises the High Street and the Market Place with a blend of local and national retailers including 99p Stores, WH Smith and Bon Marche together with the Horsefair shopping centre comprising national retailers such as Somerfield, Argos, Boots, Dorothy Perkins, Burtons Menswear and Car Phone Warehouse.
The property is located on Market Street which feeds off Market Place directly opposite the entrance to the Horsefair shopping centre. Markets still take place on Thursday and Saturday every week in the Market Place.

Ground Floor Retail Premises with Kitchen and WC above, together with Second Floor Storage.

GROUND FLOOR SALES AREA 9.4m x 3.6m (31.1 sq. m) including stairwell with display windows and stairs to upper floors

KITCHEN 2.7m x 1.5m average (4.6 sq. m)
ATTIC STORAGE accessible via loft ladder

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 on long leasehold expiring in 2111 with a ground rent of £1 per annum (if demanded). The property is subject to an existing lease which commenced on 1st June 2015. The current rent passing is £628pcm.

Rateable Value (2010 List): £4,700
Uniform Business Rates 2015/16: £2,256
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 Tel 01354 654321) as to the current rates liability

The property has not been elected for VAT. Should the property become registered for VAT this will be payable in addition to the purchase price.

The current retail use of the property is long standing and believed lawful and would fall within Use Class A1 (Shops) as defined by the Town & Country Planning (Uses Classes) Order 1987 (As Amended). The property lies within Wisbech Conservation Area. The property is currently being used as a florists.

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