13 North Street, Crowland, Peterborough

Ground floor lock up shop with prominant display window which is currently let.

Location - Crowland is situated approximately 10 miles north of Peterborough and 10 miles south of Spalding and lies at the intersection of the A1073 and the B1166 roads. The town dates back to the 7th Century and is home to Crowland Abbey and the unique Triangular Bridge. Crowland is a growing town benefiting from the recently completed bypass.

Description - The property comprises a ground floor lock up shop with prominant display window.

Accommodation - From the rating assessment we are informed that the floor area is as followed;

Total floor area- 58.73 Sq m (632 Sq ft)

Services - We understand that mains electricity, water and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Richardson and prospective lessees must rely on their own investigations as to their existence and condition.

Business Rates - From enquiries made of the Valuation Office website, we understand that the following rating assessment applies;
Shop & premises- £9,700

Interested parties should rely on their own enquiries as to the amount of rates payable.

Terms - The property is available for sale freehold subject to current tenancy, at a price guide of £159,000 Plus VAT. Further plans and details on request.

Tenancy - The property is subject to a 10 year lease commenced on the 1st May 2021, on full repairing and insuring terms at a rent passing of £12,500 Plus VAT per annum. The lease is contracted out of the Security of Tenure provisions of the Landlord & Tenant Act 1954. There is an upwards only rent review and tenant break option on the fifth anniversary of the lease.

Vat - We understand that VAT will be charged on the purchase price.

Epc - Energy rating: C

Legal Costs - Each party to bear their own legal costs incurred in the transaction.

Viewing - For an appointment to view or further information please contact -

Andrew Leech t: e: