4C213 296 Oundle Rd and Bakers Lane DETAILS ... AWS
INVESTMENT / DEVELOPMENT OPPORTUNITY
FOR SALE
01733 897722
296 Oundle Road and Units off Bakers Lane, Peterborough, PE2 9QA 7,916 sq ft on 0.4 Acres
OIEO £450,000 •
Existing guesthouse to front
•
•
Hand car wash / industrial to rear
Potential for redevelopment (Subject to Planning)
•
Prominent location
‘Voted by the Estates Gazette Most active agent in the East of England 2014, 2015, 2016’
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
LOCATION
SERVICES
The property is located in a prominent roadside position fronting Oundle Road, at its junction with Bakers Lane, approximately 1.5 miles to the south-west of Peterborough City centre. The surrounding area is predominantly residential in nature, with some retail provision on Oundle Road as well as at the Valley Centre off sugar way. The British Sugar HQ building directly opposite is due to be redeveloped for residential units once the occupier relocates to new offices next year.
Mains electricity, water, gas and drainage are believed to be connected to the property. Interested parties are however advised to make their own enquiries of the relevant service providers. No warranty can be given in respect of the condition or working order of services, fixtures and fittings.
BUSINESS RATES The guesthouse has a Rateable Value (2017 List) of £9,800. The Industrial Units have a two Rateable Value (2017 List) of £4,350 and £13,500. Interested parties are advised to make further enquiries of Peterborough City Council in that regard.
DESCRIPTION The property comprises a semi-detached guesthouse to the front of the site, and two industrial units to the rear, with associated car parking areas. The guesthouse is arranged over ground and first floors, and currently provides a total of 10 letting bedrooms (some en-suite), a dining room, kitchen and two small store rooms. There is scope to extend the current accommodation if required. The car wash / tyre sales site to the rear comprises two interconnected industrial units with a limited amount of mezzanine storage. This property has not been formally inspected but appears to be in reasonable condition for its age and use.
LEASES The operator of the guesthouse has advised that she wishes to retire, and therefore this element of the property will be offered with Vacant possession. Rent payable at present is £10,800 per annum however we understand there is no formal lease document in place. We are advised that the tenant of the rear industrial units has a lease for a term until 30th June 2021 at a current rent of £13,500 pa but we have not yet had sight of a lease document. Further details available from the selling agents.
PLANNING No formal discussions have been held with Peterborough City Council but it is anticipated that the properties and the site could be redeveloped for residential as a whole or in part, subject to vacant possession being obtained.
FLOOR & SITE AREAS Guesthouse Ground floor: 106.98 sq m (1,152 sq ft) First floor: 93.46 sq m (1,006 sq ft) Total: 200.44 sq m (2,158 sq ft) Industrial: Units: 535.10 sq m (5,758 sq ft) Mezzanines: 167.30 sq m (1,801 sq ft) Total: 702.40 sq m (7,559 sq ft) Site Area: 0.162 Ha (0.40 Acres) All measurements are approximate. Site area calculated from Promap.
PRICE Offers in excess of £450,000 are invited.
VAT We understand that VAT is payable on this sale.
VIEWING Strictly by appointment with the sole agents:-
Barker Storey Matthews 37 Priestgate, Peterborough PE1 1JL Contact: Julian Welch [email protected] (01733) 897722
EPC This property has an EPC of LETTER (NUMBER). A copy of the EPC is available on our website. 4C213 170804
Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
ORDNANCE SURVEY PLAN THIS PLAN IS REPRODUCED FROM THE ORDNANCE SURVEY MAP WITH THE PERMISSION THE CONTROLLER OF HER MAJESTY’S STATIONERY OFFICE, © CROWN COPYRIGHT RESERVED.
OF
THIS PLAN IS PUBLISHED FOR IDENTIFICATION PURPOSES ONLY AND ALTHOUGH BELIEVED TO BE CORRECT, ITS ACCURACY IS NOT GUARANTEED AND IT DOES NOT FORM
FOR SALE
01733 897722
296 Oundle Road and Units off Bakers Lane, Peterborough, PE2 9QA 7,916 sq ft on 0.4 Acres
OIEO £450,000 •
Existing guesthouse to front
•
•
Hand car wash / industrial to rear
Potential for redevelopment (Subject to Planning)
•
Prominent location
‘Voted by the Estates Gazette Most active agent in the East of England 2014, 2015, 2016’
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
LOCATION
SERVICES
The property is located in a prominent roadside position fronting Oundle Road, at its junction with Bakers Lane, approximately 1.5 miles to the south-west of Peterborough City centre. The surrounding area is predominantly residential in nature, with some retail provision on Oundle Road as well as at the Valley Centre off sugar way. The British Sugar HQ building directly opposite is due to be redeveloped for residential units once the occupier relocates to new offices next year.
Mains electricity, water, gas and drainage are believed to be connected to the property. Interested parties are however advised to make their own enquiries of the relevant service providers. No warranty can be given in respect of the condition or working order of services, fixtures and fittings.
BUSINESS RATES The guesthouse has a Rateable Value (2017 List) of £9,800. The Industrial Units have a two Rateable Value (2017 List) of £4,350 and £13,500. Interested parties are advised to make further enquiries of Peterborough City Council in that regard.
DESCRIPTION The property comprises a semi-detached guesthouse to the front of the site, and two industrial units to the rear, with associated car parking areas. The guesthouse is arranged over ground and first floors, and currently provides a total of 10 letting bedrooms (some en-suite), a dining room, kitchen and two small store rooms. There is scope to extend the current accommodation if required. The car wash / tyre sales site to the rear comprises two interconnected industrial units with a limited amount of mezzanine storage. This property has not been formally inspected but appears to be in reasonable condition for its age and use.
LEASES The operator of the guesthouse has advised that she wishes to retire, and therefore this element of the property will be offered with Vacant possession. Rent payable at present is £10,800 per annum however we understand there is no formal lease document in place. We are advised that the tenant of the rear industrial units has a lease for a term until 30th June 2021 at a current rent of £13,500 pa but we have not yet had sight of a lease document. Further details available from the selling agents.
PLANNING No formal discussions have been held with Peterborough City Council but it is anticipated that the properties and the site could be redeveloped for residential as a whole or in part, subject to vacant possession being obtained.
FLOOR & SITE AREAS Guesthouse Ground floor: 106.98 sq m (1,152 sq ft) First floor: 93.46 sq m (1,006 sq ft) Total: 200.44 sq m (2,158 sq ft) Industrial: Units: 535.10 sq m (5,758 sq ft) Mezzanines: 167.30 sq m (1,801 sq ft) Total: 702.40 sq m (7,559 sq ft) Site Area: 0.162 Ha (0.40 Acres) All measurements are approximate. Site area calculated from Promap.
PRICE Offers in excess of £450,000 are invited.
VAT We understand that VAT is payable on this sale.
VIEWING Strictly by appointment with the sole agents:-
Barker Storey Matthews 37 Priestgate, Peterborough PE1 1JL Contact: Julian Welch [email protected] (01733) 897722
EPC This property has an EPC of LETTER (NUMBER). A copy of the EPC is available on our website. 4C213 170804
Note: Barker Storey Matthews is the trading name of BSMH Ltd. Reg No. 2566342. These particulars do not constitute or form any part of an offer or contract nor may they be regarded as representations. All interested parties must themselves verify their accuracy. All measurements are approximate. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax. NIA Refers to Net Internal Area. Where appropriate or stated IPMS 3 relates to the International Property Measurement Standards 1st Edition. A definition can be found at: www.ipmsc.org/standards/office
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
ORDNANCE SURVEY PLAN THIS PLAN IS REPRODUCED FROM THE ORDNANCE SURVEY MAP WITH THE PERMISSION THE CONTROLLER OF HER MAJESTY’S STATIONERY OFFICE, © CROWN COPYRIGHT RESERVED.
OF
THIS PLAN IS PUBLISHED FOR IDENTIFICATION PURPOSES ONLY AND ALTHOUGH BELIEVED TO BE CORRECT, ITS ACCURACY IS NOT GUARANTEED AND IT DOES NOT FORM
