Market Place, Wisbech

LOCATION
The property is located on Market Place in the main retail area of Wisbech. Locally known as the Capital of the Fens, Wisbech is famed for its Georgian architecture with one of the longest unaltered Georgian frontages in the country which, together with The Crescent, have featured in films. Wisbech has a population of around 20,000 and is a market town of great character and historical importance lying 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 popular North Norfolk Coast is within easy reach.
The property is located close to the pedestrian walkway into the Horsefair Shopping Centre.

ACCOMMODATION
Ground Floor
Retail Area 59.0 sq m
Rear Foyer 3.1 sq m

First Floor
Storage 48.4 sq m
WC

Second Floor
Storage 28.9 sq m (restricted height)

Basement
Storage 30.7 sq m

Total Area ITZA 59.1 sq m

SERVICES
Mains drainage, electricity (3-phase) 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 For Sale Freehold subject to the existing lease in favour of The British Red Cross Society who are holding over at a current passing rent of £19,000 per annum. Full details are available from the Agent.

OUTGOINGS
Rateable Value (2023 List): £12,250
Small Business Rates Multiplier 2023/24: 49.9p

NB Due to Transitional Relief, Small Business Rates Relief and Retail, Hospitality and Leisure Discount the actual rates payable in respect of the property may have no relation to the figure quoted.
Interested parties are advised to make their own enquiries of the Local Rating Authority as to the current rates liability. Although this property is covered by Fenland District Council all enquiries should be directed to Anglia Revenues Partnership, Breckland House, St Nicholas Street, Thetford, Norfolk IP24 1BT

VAT
We are advised that the property has not been elected for VAT. In the event that the transaction becomes a taxable supply then VAT will be payable in addition to the purchase price.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in the transaction.

PLANNING
The current retail use of the property is long standing and believed lawful and falls within Use Class E(a) as defined by the Town & Country Planning (Use Classes) Order 1987 (As Amended).

VIEWING
For an appointment to view apply to the Agent. For further information please contact Alan Faulkner.
The Health and Safety of those viewing is the responsibility of the individual undertaking the viewing. Neither the Landlord nor the Agent accept any responsibility for damage or injury to persons or property as a result of viewing the property and parties do so entirely at their own risk.