25-29 Huntingdon Street, St. Neots, Cambridgeshire

Generating £42,980 Per Annum

159 sq m / 1,711 sq ft Approx

Mixed Use Investment
Generating £42,980 Per Annum
159 sq m / 1,711 sq ft
Popular Location


Detailed Description

The property comprises the freehold interest in four ground floor retail units and three flats above.

The four retail units are let on commercial leases, whereas the three flats have been sold subject with long leasehold interest and generate a modest ground rent.

The property fronts onto Huntingdon Street, a busy vehicular and pedestrian route close to the primary retail area of the town.

The sale of the property includes a car park to the rear.



Location

St Neots is the largest town in Cambridgeshire located on the banks of the River Great Ouse with over 32,500 of the population living within the urban area. When feeder communities which rely on St Neots as a hub for services are considered, the catchment population is estimated to be more than 80,000. Furthermore, Cambridgeshire has the highest County growth rate in the UK and St Neots has the fastest rate of population growth within the County.

Benefiting from rail links to London Kings Cross (typical journey time of 50 minutes), the town has seen a considerable expansion of its commerce and industry in recent years. It also enjoys excellent road communications with London and the east coast ports, being located at the intersection of the A1 trunk road and the A428/A421 Cambridge-Bedford M1-Milton Keynes route. The opening of the A14 (A1/M1 link) in 1997 has also significantly improved accessibility to the Midlands and the North West.

The town has a good range of shopping facilities with many national multiple retailers represented, including Boots, Waitrose, Fat Face and a Marks & Spencer Simply Food. There are a range of smaller retailers, and St Neots also benefits from a six screen cinema (Cineworld) and restaurants including Pizza Express.