4-6 Little Church Street, Wisbech, Cambridgeshire, PE13 1BG

For Sale by Public Auction on 11th June 2025

£200,000-£225,000

Mixed-use investment property generating total income of £22,800 per annum
Ground floor commercial premises let to restaurant
4 bed flat over first and second floor levels
Freehold subject to tenancies
Description
A chance to purchase a substantial Grade II Listed mixed-use investment opportunity in Wisbech town centre. The property is fully let and with a generous gross rental yield of 11.4% (at guide), which is sure to appeal to an investment buyer.

The attractive property has part rendered elevations under a pitched slate covered roof, and features the following accommodation:

Commercial Unit: The ground floor retail premises features a large window frontage, with the restaurant featuring a Dining Area, Commercial Kitchen and Serving Area with further store/preparation area to rear, along with a Cloakroom. The commercial premises also has independent access to a single Store Room at first floor level, and further a Store Room at second floor level, all of which is completely separate from the residential flat.

The gross internal area occupied by the commercial tenant is approximately 104m.

Residential Flat: Accessed from a separate door to the side of the building, the large flat occupies the majority of the first and second floors, featuring 4 Bedrooms; Lounge; Kitchen with modern MDF base and wall units; Bathroom with white wc, sink and bath with overhead shower; Separate Shower Room with white wc, sink and shower.

EPC Rating: E

Tenancies
The property total current income is £22,800 per year (see Legal Pack).

Of the above total, the ground floor is let on a commercial FRI lease for a period of 5 years dating from September 2024 and therefore has just over 4 years remaining on the current lease. The rent for the commercial premises is £12,000 per year. The first floor flat is let on an AST at a rent of £10,800 per annum.

Viewing
Cheffins Property Auction Dept

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.