Commercial Property for sale

NORTH STREET, BOURNE

£325,000

Property Description

Full description

Tenure: Freehold

LOCATION
36 North Street, Bourne is situated right on the A15 in the middle of Bourne which is a short drive from Market Deeping (7 miles), Stamford (11 miles), Spalding (13 miles), the expansion City of Peterborough (17 miles) and Sleaford (18 miles).

Road and rail communications are good (rail connection from Peterborough via the East Coast main line to London´s King´s Cross and Edinburgh). The A1 is also easily accessible at Peterborough, Stamford and Colsterworth.

DESCRIPTION
36 North Street is of brick construction with a slate pitched roof covering the single, two and three storey sections of the premises with one section of the ground floor having a flat roof. All of the Flats windows are UPVC double glazed windows with the remaining being of original construction. The ground floor premises fronting onto North Street, has been used as a Public House for approximately 10 years and before as a restaurant. The three flats above, were converted in 2007 to modern standards to form an investment opportunity with a communal landing area. There are also three car parking spaces to the rear of the property with pedestrian and vehicular access directly onto Meadowgate.

ACCOMMODATION
FLAT 1:
One Bedroom First Floor Flat
Open plan Kitchen/Lounge.
Kitchen has range of fitted wall and floor mounted units with vinyl flooring and UPVC double glazed windows.
Lounge has neutral décor, original fire place surround, double panel radiator.
Bedroom benefits from neutral décor, UPVC double glazed window and double panel radiator.
Shower Room includes shower cubicle, WC and wash hand basin, single panel radiator.
Gas Central Heating.
EPC Rating 'C'
Assured Shorthold Tenancy Commenced: 10th August 2016
Rent Achieved: £390 Per Calendar Month
Term of Tenancy: 6 Months

FLAT 2:
One Bedroom First Floor Flat
Open Plan Kitchen/Diner.
Kitchen has range of fitted wall and floor mounted units with vinyl flooring, UPVC double glazed windows and single panel radiator.
Lounge has neutral décor, double panel radiator.
Bedroom benefits from neutral décor, UPVC double glazed window and single panel radiator.
Bathroom includes bath with mixer shower over, WC and wash hand basin, single panel radiator and heated towel rail.
Gas Central Heating.
EPC Rating 'C'
Assured Shorthold Tenancy Commenced: 19th September 2016
Rent Achieved: £410 Per Calendar Month
Term of Tenancy: 6 Months

FLAT 3:
One Bedroom Second Floor Flat
Kitchen/Diner.
Kitchen has range of fitted wall and floor mounted units with vinyl flooring and single panel radiator.
Lounge has neutral décor, double glazed windows and double panel radiator.
Bedroom benefits from neutral décor, UPVC double glazed window and single panel radiator.
Bathroom includes bath with shower over, WC and wash hand basin, and single panel radiator.
Storage Cupboard containing combi boiler.
Gas Central Heating.
EPC Rating 'C'
Assured Shorthold Tenancy Commenced: 15th May 2015
Rent Achieved: £410 Per Calendar Month
Term of Tenancy: 6 Months

Each flat is allocated a car parking space at the rear of the property and at present, all water rates are included in the flat rents as they are not, at present, individually metered.

GROUND FLOOR COMMERCIAL PREMISES

MAIN PUBLIC AREA: 9.22m x 4.87m plus 10.35m x 3.03m plus 2.21m x 7.98m plus 4.48m x 1.31m plus 1.19m x 1.97m plus 1.61m x 1.16m = 103.98m² (1,118.82 sq. ft.)

GENTLEMANS WC: 1.47m x 1.69m plus 1.76m x 0.81m = 3.91m² (42.07 sq. ft.)

STOREROOM: 1.23m x 1.04m plus 1.38m x 1.95m = 3.97m² (42.73 sq. ft.)

LADIES WC: 2.24m x 1.41m plus 2.26m x 0.93m plus 1.50m x 2.46m = 8.95m² (96.30 sq. ft.)

STOREROOM: 2.57m x 3.43m = 8.81m² (94.85 sq. ft.)

SECONDARY With rear access and fire exit 3.89m x 1.44m = 5.60m² (60.27 sq. ft.)
STOREROOM:

BEER GARDEN: Beer garden located to the rear (East) side of the ground floor commercial premises. This is presently enclosed with a close boarded wooden fence with some wooden decking. There is a fire exit provided to the rear of the property although this should only be used as a fire exit, not as a main route of access to and from the pub.

LEASE: The ground floor commercial premises is currently let on a Landlord and Tenant Act 1954 lease dated xx/xx/2015 between Simon Plant and Elspeth Plant and Scott Cartmell. A copy of the lease is available from the selling agent although the main terms are as follows:

Permitted Use: Use with A3 and A5 of the Town and Country Planning Act (Used Classes) Order 1987.

SERVICES
The property benefits from mains electricity, gas and water and foul drainage. Each of the three flats and the ground floor commercial area are heated via individual gas combination boilers.

TERMS
TENURE:
The property is offered on a Freehold basis subject to the existing lease in relation to the commercial premises and the three Assured Shorthold Tenancies in relation to the three flats - Subject to Contract.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest station

  • Spalding (9.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Longstaff Commercial, Bourne

73B Abbey Road, Bourne, PE10 9EN

01778 420406 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Spalding (9.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Longstaff Commercial, Bourne

73B Abbey Road, Bourne, PE10 9EN

01778 420406 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 101505007124. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Longstaff Commercial, Bourne . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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