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16-17 St. Marks Street, Peterborough, PE1 2TU

POA

Savills, Peterborough Industrial
SIZE AVAILABLE
4,124 sq. ft.
(383 sq. m.)
SECTOR
Office for sale

Key features

  • Semi-detached office building with 7 parking spaces
  • Within walking distance of Peterborough City Centre
  • Let to Peterborough Citizens Advice Bureau until April 2026 - rent of £19,500 pa
  • Seeking offers in the excess of £500,000 plus VAT
  • Future development potential to convert to residential use (STP)

Property description

Tenure: Freehold

Description
The property comprises a semi-detached office building of brick construction under a pitched tiled roof. Internally the property provides a mixture of cellular meeting rooms, open plan office accommodation, kitchen and WC facilities. It is carpeted throughout and has a mixture of LED and florescent lighting. Externally the property includes parking for 7 vehicles.

The property is considered suitable for a range of alternative uses in due course, including residential use under Permitted Development Rights (subject to consent).

Viewings
Strictly by appointment only with the sole agents, Savills

Location
Peterborough is situated in the heart of the East of England. The city is located approximately 80 miles north of London, 77 miles east of Birmingham and 32 miles north of Cambridge. Peterborough has become established as an important regional centre for commerce, industry, shopping, health, education and leisure. It benefits from a diverse economy and has been recognised as one of the fastest growing cities in the UK by population. The property is situated on St Marks Street approximately 0.5 miles north of Peterborough City Centre and the bus and railway station.

Terms
The property is available for sale freehold, subject to the lease to Peterborough Citizens Advice Bureau. Guide price of £500,000 (£121 per sq ft) plus VAT.

Lease
Let to Peterborough Citizens Advice Bureau (Registered charity number 1068198) from 9th April 2009 at an initial rent of £35,000 per annum. The lease has recently been extended for a further 5 years from 25th March 2021 to 8th April 2026 at a rent of £19,500 per annum exclusive. The lease includes a tenant only break clause on 9th April 2024 subject to 12 months notice.

Brochures

16-17 St. Marks Street, Peterborough, PE1 2TU

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Peterborough Station0.5 miles

About Savills, Peterborough Industrial

Stuart House, City Road, Peterborough, PE1 1QF

Savills, Peterborough Industrial
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Notes

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Disclaimer - Property reference 22363-1. 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 Savills, Peterborough Industrial. 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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