54 Second Drove, Peterborough, PE1 5XA

Description
The property is mid terraced industrial/business unit of steel portal frame construction with a concrete floor and brick/clad exteriors walls.

The unit comprises mainly of workshop space with an office and WC. There is a mezzanine floor for additional storage together with a full height electric roller shutter door and personnel door to the front elevation. Externally there is parking for 2 vehicles.

Location
Second Drove is located off Fengate in Eastern Industry, an established industrial/commercial area approximately 1.5 miles east of Peterborough east of Peterborough city centre. The Frank Perkins Parkway (A1139) is approximately 1 mile to the west and forms part of Peterborough's dual carriageway ring road system which provides connections to A1(M), A47, A15 and A605.

Peterborough is a historic cathedral city in Cambridgeshire, situated in the heart of the East of England. The city is located approximately 80 miles north of London, 77 miles east of Birmingham and 32 miles north of Cambridge.

Peterborough Railway Station is on the East Coast Mainline which allows direct access to London King’s Cross with a fastest journey time of approximately 45 minutes. Northbound services run regularly to destinations such as York (1 hr 10 min), Leeds (1 hr 20 min), Newcastle (2 hr 20 min) and Edinburgh (3hr 55 min). Peterborough is also served by the Cross Country operated Birmingham to Peterborough line with services to Leicester (55 min) and Birmingham (1 hr 45 min). Peterborough is within a 2 hour drive of Stansted, Luton, Heathrow, Birmingham and East Midlands airports.

Viewings
Strictly by appointment with the sole agents.

Terms
The property is available to let at a quoting rent of £11,000 per annum.
A sale of the freehold will be considered OIRO £158,000.

Business Rates
The Valuation Office Agency website lists the property with a current rateable value of £7,000.

VAT
No VAT will be payable on the rent or sale price.

Service Charge
An estate service charge is payable towards the maintenance of the common areas.

Anti-Money Laundering
To comply with Anti-Money Laundering Regulations, proof of ID and address are required and confirmation of the source of funding will be required.

Planning
Interested parties are advised to make their own investigations the Local Planning Authority.

EPC
The property currently has an EPC assessment of D - the certificate is attached.

Legal Costs
Each party is to be responsible for their own legal costs incurred in the transaction.