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Market Place, Wisbech

£250,000

Business rates & charges may apply

Maxey Grounds – Commercial, Wisbech
SECTOR
High street retail property for sale

Property description

Tenure: Freehold

LOCATION
The property is prominently located on the Market Place in the Georgian Market town of Wisbech, locally known as the capital of the Fens. Wisbech has a population of around 30,000 and is a market town of great character and historic 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 Market Place forms the centre of the primary shopping district of Wisbech, lying adjacent to The Horsefair Shopping Centre and adjoining the High Street.

Occupiers of the Market Place include local occupiers, regional and national chains.

DESCRIPTION
The property is a Grade II Listed property located in a prominent position on the Market Place.

The property comprises a ground floor retail unit with storage space in the basement below, let on a five year tenancy which commenced on 29th November 2019. There are two recently converted flats above, both currently let on Assured Shorthold Tenancies with access from Market Mews, to the rear of the Market Place.

The property currently has an annual income of £23,800 per annum, plus VAT on the commercial part.

ACCOMMODATION
46 Market Place - Commercial Unit
Retail space - 40sq m
Staff area - 7.1sq m
Kitchenette
WC
Basement in addition, reduced head room

29 Market Mews
Kitchen - 10.7sq m max.
Living room - 14.2sq m max.
Bedroom 1 - 10.5sq m max.
Bedroom 2 - 14.2sq m max.
Shower Room

29A Market Mews
Kitchen - 10.6sq m min.
Living Room - 14.7sq m max.
Bedroom - 14.1sq m max.
Bathroom

SERVICES
Mains drainage, electricity and water are understood to be connected. It is understood that mains gas is not connected to the property, but is available in the street. Interested parties are advised to make their own enquires of the relevant drainage authorities and utilities companies.

TERMS
The freehold of the property is offered For Sale by Private Treaty, subject to the tenancies of the commercial unit and both flats.

OUTGOINGS
Commercial unit:
Rateable Value (2017 List): £11,000

Flats:
29 Market Mews - Band A (£1,359.17pa)
29A Market Mews - Band A (£1,359.17pa)

VAT
The commercial part of the property is elected for VAT and therefore VAT will be payable in addition to a proportion of the purchase price.

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

PLANNING
The ground floor and basement are in use under Use Class E of the Town and Country Planning (Use Classes) Order 1987 (as amended). The first and second floor have been converted into two residential flats.

The property is located in the Wisbech Conservation Area and is a Grade II listed building.

OTHER
EPC RATING
Commercial unit: C

Flats:
29 Market Mews - E
29A Market Mews - E

VIEWING
Strictly by appointment with the Agent Maxey Grounds. For further information, please contact Natalie Jeary.

Energy Performance Certificates

EPC 1

Brochures

Market Place, Wisbech

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • March Station7.8 miles

About Maxey Grounds – Commercial, Wisbech

1-3 South Brink Wisbech PE13 1JA

We’re a well-established and trusted local commercial agent with a history dating back to 1792. We work closely with our clients to fulfill their business needs, whether they are looking to buy, sell or rent. As a local agent, we operate in the Fenland region spanning Cambridgeshire, South Lincolnshire, and West Norfolk, as well as across East Anglia.

Our qualified Cambridgeshire-based chartered surveyors are highly experienced in dealing with commercial property of all kinds. Bringing

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Notes

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Disclaimer - Property reference 100277009324. 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 Maxey Grounds – Commercial, Wisbech. 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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