ADDRESSThe Former Stamford Museum Building, Broad Street, Stamford, PE9 1PJ
TYPEOffice, General Retail, Retail - High Street, Leisure Property, Hotels, Other, Offices, Retail, Licensed & Leisure, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON6th July 2022
LOCATION Stamford, is an attractive and historic market town located 1 mile east of the A1 Trunk Road on the Cambridgeshire/Lincolnshire/Rutland border, approximately 8 miles north west of Peterborough and 100 miles north of London. The town is situated on the River Welland and consists of many historic listed buildings and the renowned Burghley House.
The property occupies a prominent location on the south side Broad Street at the corner with Goldsmiths Lane and close to High Street.
DESCRIPTION The property is an attractive two storey, Grade II listed building constructed in the late Nineteen Century as the “School of Art”. It is now in use as a dance studio. Construction is of ashlar stone and brick beneath a Collyweston slate roof, surmounted by a cupola. There is vehicular access off Broad Street to the rear of the building for loading and unloading purposes.
ACCOMMODATION Please see pictures for floor areas.
TENANACY The property is let to Margaret & James Skinner on a ten year, internal repairing and insuring lease commencing on the 14th August 2022, at a rent of £30,000 per annum exclusive. The lease has the protection of the security of tenure provisions of the Landlord & Tenant Act 1954. There is a tenant break option at the fifth anniversary of the lease together with an upwards only rent review.
A copy of the lease is available on request to the agent.
BUSINESS RATES From enquiries made of the Valuation Office website, we understand that the following rating assessment applies:-
Dance School & Premises:-£18,973
Interested parties should rely on their own enquiries as to the amount of rates payable.
TERMS The entire property is for sale freehold subject to the lease, at a price guide of £500,000.
The Former Stamford Museum Building, Broad Street, Stamford, PE9 1PJ GBLincolnshirePE9 1PJThe Former Stamford Museum Building,, Broad Street