A1 Retail To Let - Realla
A1 Retail To Let Peterborough, Cambridgeshire
01733 897722
Kings Lodging, 1 Cathedral Square Peterborough, PE1 1XH 154.3 sq m (1,661 sq ft)
Rent: £19,000 pa
Highly prominent location
Large first floor sales / storage
Exceptional period features
Available until March 2023
Small Business Rates Relief for qualifying businesses
Voted by the Estates Gazette ‘Most Active Regional Agent in Cambridgeshire 2012, 2013, 2014, 2015’
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
LOCATION
BUSINESS RATES
Peterborough is the UK’s second fastest growing City, with a population in the region of 186,000 and expected to grow to 200,000 by 2020. The central area has experience a transformation in the past two years, with large investment by the City Council in the street scene, and resulting in a number of food and beverage operators congregating around the Cathedral Square area. The City centre has a limited supply of retail units available - recent research indicates a vacancy rate of just 5.3% compared with a national average of 12.5% as at March 2016.
For the year commencing 1st April 2016 the Rateable Value is £16,250, and Rates Payable is estimated as being £7,865. From 1 April 2017 the draft rateable value now released by the VOA is £13,000 and the property will therefore qualify for small business rates relief. The VOA web site estimates that rates payable for a UK registered business for which this will be its only occupied commercial premises will be only £2,135 for 2017/18. For non-qualifying businesses the VOA estimates that rates payable will be £6,405 for 2017/18.
The property is located in a highly prominent position directly adjacent the main entrance into Peterborough Cathedral and fronting Cathedral Square. Other occupiers in the immediate vicinity include Starbucks, Natwest, Argo Lounge, Nandos, Wagamama, Café Nero and others.
TERMS The property is available on a new sublease for a term until March 2023
LEGAL COSTS
DESCRIPTION
Each party is to be responsible for their own legal fees.
The premises comprise a ground floor retail unit with open sales area, together with side ‘vault’ storage. The sales area benefits from a wooden floor, ceiling mounted spotlights, and magnificent vaulted ceiling with stone columns. A large staircase leads to the first floor accommodation which provides additional sales / storage space and is carpeted, has a suspended ceiling with inset lighting, and also provides WC’s and kitchen facility.
RENT Rent is to be £19,000 per annum exclusive of Vat, Business Rates and other outgoings.
VAT We understand that VAT will be charged on the rent.
LISTED STATUS Please note that the property forms part of a Grade I Listed Building.
It is to be noted that the sales area is accessed down a small set of stairs from Cathedral Square and does not offer level access from the street.
VIEWING Strictly by appointment with the sole agents:-
FLOOR AREAS We note the following approximate net internal areas: Ground floor sales:
57.73 sq m
(621 sq ft)
Ground floor store:
16.29 sq m
(175 sq ft)
1st Floor sales / store:
80.30 sq m
(864 sq ft)
Barker Storey Matthews 37 Priestgate, Peterborough PE1 1JL Contact: Julian Welch [email protected] (01733) 897722
Total net internal area: 154.3 sq m (1,661 sq ft)
SERVICES Mains gas, electricity, water and drainage are believed to be available 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.
4S187 160111
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 PART OF ANY CONTRACT. LICENCE NO. 100003928
01733 897722
Kings Lodging, 1 Cathedral Square Peterborough, PE1 1XH 154.3 sq m (1,661 sq ft)
Rent: £19,000 pa
Highly prominent location
Large first floor sales / storage
Exceptional period features
Available until March 2023
Small Business Rates Relief for qualifying businesses
Voted by the Estates Gazette ‘Most Active Regional Agent in Cambridgeshire 2012, 2013, 2014, 2015’
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
LOCATION
BUSINESS RATES
Peterborough is the UK’s second fastest growing City, with a population in the region of 186,000 and expected to grow to 200,000 by 2020. The central area has experience a transformation in the past two years, with large investment by the City Council in the street scene, and resulting in a number of food and beverage operators congregating around the Cathedral Square area. The City centre has a limited supply of retail units available - recent research indicates a vacancy rate of just 5.3% compared with a national average of 12.5% as at March 2016.
For the year commencing 1st April 2016 the Rateable Value is £16,250, and Rates Payable is estimated as being £7,865. From 1 April 2017 the draft rateable value now released by the VOA is £13,000 and the property will therefore qualify for small business rates relief. The VOA web site estimates that rates payable for a UK registered business for which this will be its only occupied commercial premises will be only £2,135 for 2017/18. For non-qualifying businesses the VOA estimates that rates payable will be £6,405 for 2017/18.
The property is located in a highly prominent position directly adjacent the main entrance into Peterborough Cathedral and fronting Cathedral Square. Other occupiers in the immediate vicinity include Starbucks, Natwest, Argo Lounge, Nandos, Wagamama, Café Nero and others.
TERMS The property is available on a new sublease for a term until March 2023
LEGAL COSTS
DESCRIPTION
Each party is to be responsible for their own legal fees.
The premises comprise a ground floor retail unit with open sales area, together with side ‘vault’ storage. The sales area benefits from a wooden floor, ceiling mounted spotlights, and magnificent vaulted ceiling with stone columns. A large staircase leads to the first floor accommodation which provides additional sales / storage space and is carpeted, has a suspended ceiling with inset lighting, and also provides WC’s and kitchen facility.
RENT Rent is to be £19,000 per annum exclusive of Vat, Business Rates and other outgoings.
VAT We understand that VAT will be charged on the rent.
LISTED STATUS Please note that the property forms part of a Grade I Listed Building.
It is to be noted that the sales area is accessed down a small set of stairs from Cathedral Square and does not offer level access from the street.
VIEWING Strictly by appointment with the sole agents:-
FLOOR AREAS We note the following approximate net internal areas: Ground floor sales:
57.73 sq m
(621 sq ft)
Ground floor store:
16.29 sq m
(175 sq ft)
1st Floor sales / store:
80.30 sq m
(864 sq ft)
Barker Storey Matthews 37 Priestgate, Peterborough PE1 1JL Contact: Julian Welch [email protected] (01733) 897722
Total net internal area: 154.3 sq m (1,661 sq ft)
SERVICES Mains gas, electricity, water and drainage are believed to be available 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.
4S187 160111
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 PART OF ANY CONTRACT. LICENCE NO. 100003928
