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For Sale£4,100,000.00

Multi Let Retail/Residential Investment

Retail, Residential, Flat, General Retail, Office, Offices , 20000
Property type: Retail, Residential, Flat, General Retail, Office, Offices
Tenure: Investment Opportunity, For Sale Freehold
Size: 20000
Price: £4,100,000.00
Location: Broadway Shopping Centre, Malting Square, Peterborough, PE7 3JJ
Investment Summary
19 Retail Units with 114 space car park (free parking)
9 x 3 Bedroomed Flats (four vacant)
Asking Price £4,100,000
Current Commercial Rental Income £230,850 Per Annum exclusive
Current Residential Rental Income £45,600 Per Annum exclusive

Location
Broadway Shopping Centre in Yaxley is located 4 miles to the south west of Peterborough City Centre and 3 miles to the north east of Junction 16 of the A1 (M) at Northern Cross.

Broadway Shopping Centre is located at the junction of The Broadway (B1091) with Landsdowne Road, opposite the William de Yaxley C of E Academy, Yaxley public library & Medical Centre.

Description
The Broadway Shopping Centre comprises 19 retail units which are leased to local and national operators including uses such as Spar, McColl’s newsagents & Post Office, S&D Bookmakers, Sharman Quinney Estate Agent, Barnardos, and a number of regional and local occupiers details of which are included in the attached schedule.  The site comprises in excess of 20,000 sq ft of retailing accommodation, and also has its own free car park providing approximately 114 spaces.

There are 9 x 3 bedroomed flats situated above the retail premises, 5 fully let and 4 are vacant, two of which are in need of refurbishment.

Services

We understand that all mains services are available for connection to the premises including water, drainage, electricity (including three phase power) and gas.

Terms
Offers for the site are invited in excess of £4,100,000.

VAT
VAT is not payable on this Property.

An additional information pack is available from White Commercial Surveyors who have managed the site for the landlords for over 10 years.
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