2-4 High Street, Market Deeping, Peterborough

Location - Market Deeping lies approximately 8 miles north of Peterborough and 8 miles east of Stamford. The property is located on a prominent location on High Street with the site extending to the bank of the River Welland.

Description - The property was previously known as the Iron Horse Ranch House trading as an American Diner providing drinks, catering and a music venue. The property has a prominent frontage onto the high street in Market Deeping. The ground floor accommodation includes the restaurant, kitchen, prep room, outside bar and male, female and accessible toilets. The property has a large rear yard where the previous tenant had a marquee set up and a large beer garden, there is also plenty of parking for staff/ use for the flats if desired.

On the first floor are two self-contained two-bedroom flats with access via an external steel staircase at the rear.

Accommodation - The property has been measured in accordance with RICS code of measuring practice on a net internal area basis:

Ground Floor NIA- 272.8 sq m (2,936 sq ft)
First Floor NIA - 97.9 sq m (1054 sq ft)

Total NIA - 370.7 sq m (3990 sq ft)

Outdoor display / seating area 169.00 sq m (1,819 sq ft)

Services - We understand that mains electricity, gas water and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Richardson and prospective purchasers / lessees must rely on their own investigations as to their existence and condition.

Business Rates/Council Tax - From enquiries of the Valuation Office website, we understand that the following rating assessment applies:
Restaurant & premises £21,750
Each flat has a Council Tax Band A
Prospective lessees should make their own enquiries of South Kesteven District Council.

Epc - Commercial Ground Floor - 28, B
Flat 1 - 64, D
Flat 2 - 63, D

Legal Costs - Each party to bear their own legal costs incurred in the transaction.

Terms - The property is available to purchase at a guide price of £495,500 subject to contract. Alternatively consideration will be given to leasing on a ten year lease to approved tenants and uses only. Prospective tenants will need to provide a business plan, proof of identity and satisfactory references.

Clawback Position - The vendor will retain a clawback provision for 21 years on 30% of the uplift in value of any development on the rear yard area.

Viewing - For an appointment to view or further information please contact -

Andrew Leech t: e:

Katie Mulhern t. e.