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Stanground, Peterborough, Cambridgeshire
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£300,000
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  • FOR SALE BY ONLINE AUCTION
  • 22nd June 2022
  • Commercial investment opportunity

For sale by online auction on 22nd June 2022. Guide £300,000 - £350,000 *† Commercial investment opportunity.

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About this property

For sale by online auction on 22nd June 2022. Guide £300,000 - £350,000 plus fees.

DESCRIPTION Single storey detached commercial premises with extensive forecourt/parking, which have been let to, and traded by, Sue Ryder for their fundraising shop and cafe since 2014 and previously let to the Co-op. The tenant has entered into a new 6 year lease from 16th February 2022. The property produces a rent of £27,000 pax which rises to £28,500 pax on 16th February 2025. The tenant has an option to break on that date subject to giving 6 months prior written notice. The lease is drawn on tenant full repairing terms, qualified by a Schedule of Conditions of the property (prior to the tenant's original occupation) but Sue Ryder has subsequently carried out an extensive refit of the shop in recent years, as seen, which appears in good order throughout.

The property has the benefit of its own forecourt and if it became vacant would be considered suitable for wide range of trades and business in this busy neighbourhood centre, subject to obtaining any necessary consents or approvals.

Agent's Note: Until 16th November 2022, the rent reserved under the lease is £23,000 pa. The vendor will make the rent up to £27,000 pa for the period from the date of completion up to 16th November 2022.

Solicitor: Kenneth Bush (Attn Carla Goodyear), 11 New Conduit Street, King's Lynn, PE30 1DG. Tel. 01553 692233

LOCATION Situated close to a range of other shops and outlets, which include Tesco Express and Papa Johns pizzas and is located within a densely populated residential neighbourhood which lies south-west of Peterborough town centre.

DIRECTIONS Head away from Peterborough town centre along Frank Perkins Parkway and at the exit, where signposted Stanground/Yaxley, bear left and at the roundabout proceed straight over onto the B1092 Whittlesey Road. Continue for approximately 700 yards and the premises will be found on the right almost opposite the turning to Rosemary Gardens.

ENERGY RATING D

VIEWING Please call us for viewing arrangements.

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The Atrium, St George's Street, Norwich, Norfolk, NR3 1AB

01603 629871

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