Broadway Court, Broadway, Peterborough, PE1 1RS

Description
The property comprises ground floor retail frontage with offices above together with the adjoining Broadway Court office building. Broadway Court comprises a three-storey building which is accessed from Broadway via an archway leading into a courtyard. The office suites include carpeting throughout, suspended ceiling, recessed fluorescent lighting and communal male and female WC facilities. There are 19x car parking spaces to the rear.

The building is considered to have immediate/future development potential under Permitted Development Rights or subject to planning.

Location
The historic city of Peterborough is located approximately 80 miles north of London and is at the junction (J17) of the A1(M), A47 and A605.

The property is located in central Peterborough on Broadway, one of the main routes into the city centre and one of the main city centre commercial areas with retail and office occupiers, restaurants and food outlets together with some residential accommodation. Nearby occupiers include: Tesco Express, JD Wetherspoon, Poundland and Peterborough Central Library.

It is a 10 minute walk to the bus and train stations. Peterborough is on the LNER mainline service from Kings Cross to Edinburgh providing a service of less than 45 minutes to Kings Cross.

Viewings
Strictly by appointment with the sole agents.

Terms
The property is available for sale - seeking offers in excess of £2.25m plus VAT.

Passing rent £197,007 pa - potentially rising to in excess of £300,000 pa when fully let (in current condition).

Initial purchase reflecting an overall 8.21% NIY (with several vacant offices) - potentially rising to in excess of 15% when fully let / post refurbishment.

A tenancy schedule is available upon request.