Market Place, Wisbech

LOCATION
The property is located on the edge of Market Place in the town centre, the main retail area of Wisbech. Locally known as the Capital of the Fens, Wisbech has a population of around 20,000 and is a town of great character and historical importance.

Wisbech lies approximately 23 miles from Peterborough, 9 miles from Cambridge and 55 miles from Norwich. The A47 trunk road between Norwich and Leicester passes around the southern and eastern sides of Wisbech.

DESCRIPTION
The property comprises a mid-terraced ground-floor retail premises with a wide frontage onto Market Place, extending to approximately 54.3m² Gross Internal Area (39.5m² ITZA). The Ground floor comprises of a Shop Area and Prep Room behind.

The property is Grade II listed and this listing covers the exterior of the building and interior fittings due to their Art Deco details. Full details of the listing are available from the Agent or from the Historic England website.

ACCOMMODATION
Shop Area 6.0m x 4.5m
Preparation Area 7.0m x 3.8m
WC 1.0m x 1.0m

SERVICES
Mains drainage, electricity and water are understood to be connected. Interested parties are advised to make their own enquiries of the relevant drainage authority and utility companies.

TERMS
The property is offered To Let on a new Lease, for a period to be agreed, on a Full Repairing and Insuring Basis and contracted out of the Security of Tenure provisions of the Landlord and Tenant Act 1954 Part II.

The Tenant will be responsible for all outgoings in addition to the rent and will be required to reimburse the Landlord for the cost of insuring the premises.

OUTGOINGS
Rateable Value (2017 List) for Whole Property: £13,000
Small Business Rates Multiplier 2022/23: 49.9p
Estimated Business Rates for the Whole Property: £6,487.00

Please note that the rateable value and estimated business rates reported are for the entire property, and only part of the ground-floor is available to rent, therefore, the incoming Tenant will be required to split the rating. The property may also be eligible for Small Business Rates Relief, depending on the occupier's circumstances. Interested parties are advised to make their own enquiries of the Anglia Revenues Partnership.

VAT
It is understood that the property has been elected for VAT, therefore VAT at the prevailing rate will be payable in addition to the rent.

LEGAL COSTS
Each party will be responsible for their own legal costs.

PLANNING
The use of the ground-floor premises currently falls under Use Class E (Commercial, Business and Service) as defined by the Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020.

VIEWING
Strictly by appointment with the agent Maxey Grounds. For further information, please contact Victoria Marr or Alan Faulkner.