Falcon Road, Wisbech

LOCATION
The property is prominently located on Falcon Road, and is visible from the Churchill Road (A1101) dual carriageway in the Georgian market town 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 central business area of Wisbech comprises the High Street, with its range of predominantly small local retailers, the Market Place with a blend of local and national retailers and the Horsefair Shopping Centre comprising mainly national retailers. The property lies on Falcon Road which is approximately 1½ minutes walk from the Horsefair Shopping Centre and the town centre.

DESCRIPTION
A detached building divided into four individual units.

ACCOMMODATION
AND SCHEDULE OF LETTINGS
4, 5 and 6 Falcon Road are each Let on separate commercial leases for a period of ten years from 1st September 2022 at the following current passing rents:
4 Falcon Road £9,300 pa
5 Falcon Road £9,000 pa
6 Falcon Road £9,500 pa

7 Falcon Road is let on an Assured Shorthold Tenancy for twelve months from the 1st June 2024 at a passing rent of £350 pcm.

4 and 5 Falcon Road are currently utilised as a Supermarket and 6 Falcon Road is utilised in connection with this use. The total area of the commercial units is approximately 244.0 sq m. 7 Falcon Road is a 2 bedroom residential flat extending to approximately 92.0 sq m.

Total Current Rental Income for the property as a whole is £32,000 per annum.

SERVICES
All mains services are understood to be connected or available for connection. 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 various tenancies as set out in these particulars.

OUTGOINGS
AND COUNCIL TAX
Rateable Values (2023 List)
4/5 Falcon Road £16,500
6 Falcon Road £11,000

The payment of Business Rates is the responsibility of the Occupier. 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

7 Falcon Road Council Tax BAND A

VAT
We are advised that the property is not elected for VAT and, consequently, no VAT is payable in respect of the commercial rents or the purchase price. In the event that the transaction becomes a taxable supply then VAT at the prevailing rate 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.

SERVICE CHARGE
Each commercial tenant is responsible for reimbursing the Landlord´s buildings insurance cost in addition to their rent.

PLANNING
The current uses are long standing and believed lawful.

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 Seller 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.