Market Place, Wisbech, Cambridgeshire, PE13

TOWN CENTRE RETAIL INVESTMENT FOR SALE - Two storey retail premises let to Trusted Package Company Limited at a passing rent of £12,000 Per Annum Exclusive until 18th January 2034.

LOCATION

The property is located in a prominent position with frontage directly onto Wisbech town centre.Wisbech is a market town, inland port and civil parish in the Fenland district in the Isle of Ely in Cambridgeshire. In 2011 it had a population of 31,573. The town lies in the far north-east of Cambridgeshire, bordering Norfolk and only 5 miles (8 km) south of Lincolnshire. The tidal River Nene running through the town is spanned by two road bridges.

ACCOMMODATION

The Property benefits from a ground floor retail area with glazed frontage onto Wisbech Market Place with then a good sized office, kitchen area and staff facilities over at first floor.

SERVICES

Mains services are connected to the Property. The services and service connections have not been tested by the acting agents and we recommend any interest party satisfied themselves in this regard.

TENURE

The freehold is for sale by private treaty subject to the existing tenancy agreement outlined under 'Tenancies'.

TENANCIES

The Property is subject to a single tenancy agreement made between the Landlord and Trusted Package Company Limited at a passing rent of £12,000 Per Annum Exclusive for a term ending 18th January 2034 with a Tenant only break option and Rent Review at the fifth year anniversary. There is a Tenant incentive not to exercise the Break Option with 12 months at 50% rent thereafter. A copy of the full lease can be provided to any interested party.

BUSINESS RATES

The Property has a rateable value of £7,400 under Local Authority reference: .

VAT

We understand that VAT is not chargeable on the sale price.

LEGAL COSTS

Each party is responsible for their own costs incurred throughout the transaction.

LOCAL AUTHORITY

Fenland District.

VIEWINGS

Viewing is strictly by appointed by the sole agents.