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AGENT'S DETAILS


Wisbech – Freehold Shops and Residential Investment

For sale: £285,000.00|3213 Sq Ft|Retail, Flat, General Retail, Retail - High Street, Mixed Use, Restaurant/Cafes, Residential, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£285,000.00
SIZE3213 Sq Ft
ADDRESS108 Norfolk Street, Wisbech, Cambridgeshire PE13 2LD
TYPERetail, Flat, General Retail, Retail - High Street, Mixed Use, Restaurant/Cafes, Residential, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON31st May 2020

DESCRIPTION

Investment Consideration:
Comprises end of Terrace Building internally arranged to provide Two Retail Units and Three Self-Contained Flats.
VAT is NOT applicable to this property.
Located within the heart of Wisbech, which is the third largest town in Cambridgeshire.

Property Description:
The property comprises an end of terrace building arranged over ground and first floors. The property is internally arranged to provide two retail units and three self-contained flats.

Tenancy:
Shop No. 108 is at present let to N Kolev and I Vasilev for a term of 5 years from 28th May 2018 at a current rent of £5,400 per annum and the lease contains full repairing and insuring covenants. The tenant did not exercise break clause in May 2020. Rent review every third year and rent deposit held of £400.

Shop No. 108a is at present let to Missy De Ltd for a term of 3.5 years from 1st September 2019 at a current rent of £6,000 per annum and the lease contains full repairing and insuring covenants. The lease provides tenant with option to determine on the 1st September 2021. Rent review every third year and rent deposit held of £500.

Flat 1 (No. 108b) is at present let on an AST to an individual for a term of 12 months from 1st November 2019 at a current rent of £4,620 per annum and rent deposit held of £385.

Flat 2 (No. 108b) is at present let on an AST to an individual for a term of 12 months from 18th February 2020 at a current rent of £5,200 per annum and rent deposit held of £433.33.

Flat 3 (No. 108b) is at present let on an AST to an individual for a term of 12 months since 2018 (Holding Over) at a current rent of £4,380 per annum and rent deposit held of £500.

Location:
Wisbech is the third largest town in Cambridgeshire, after Cambridge and St Neots. The property is situated on the west side of Norfolk Street, to the north of its junction with St Peter’s Road. Located within the heart of Wisbech, it benefits from easy access to a range of facilities.

LOCATION

Location: 108 Norfolk Street, Wisbech, Cambridgeshire PE13 2LD

March (7.7 miles)

Downham Market (9.4 miles)

Watlington (9.4 miles)

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