36 Market Street, Ely - Investment details - Realla
INVESTMENT/ DEVELOPMENT FOR SALE
01223 467155
30 - 36 Market Street, Ely Cambridgeshire, CB7 4LS Passing Rent: £27,300 pa
Offers over: £600,000 •
Investment/Development Opportunity
•
Passing Rent of £27,300 pa
•
ERV of £33,300 pa
•
2 x Retail Units
•
1 x 1 Bedroom Flat
•
1 x 2 Bedroom Flat
•
Potential to Develop Yard at Rear
•
0.06 hectares/0.15 acres
•
Close to City Centre
Voted by the Estates Gazette ‘Most Active Agent in the East of England 2014, 2015,2016’
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
LOCATION
LEASE TERMS
Ely is a popular and expanding city with a current population of about 20,000 and lies 15 miles north of Cambridge. Ely is on the A10 Cambridge/Kings Lynn Road and within 13 miles of the major A14 dual carriageway. There is a main line railway station with services to Cambridge, Peterborough and London.
We understand that at present the property is fully let as follows: No.30 – Let to a private individual trading as a barbers, currently paying a rent of £4,200 per annum exclusive on an informal arrangement. It is assumed that the tenant has security of tenure. ERV £6,000 per annum exclusive.
•
The property fronts onto Market Street with an access off Market Street to the rear yard and there is a secondary access through the sheltered housing development to the rear off Newnham Street.
• No.36 – let to a private individual trading as Harnwell & Son butchers at a passing rent of £12,000 per annum exclusive under a five year lease which commenced 10th September 2015. ERV £12,000 per annum exclusive.
DESCRIPTION
• No.34 – let at a passing rent of £4,800 per annum on a six month Assured Shorthold Tenancy. ERV £6,000 per annum.
The property comprises a mid-terrace two storey period building which is split to provide two retail units on the ground floor and above are a one bedroom and a two bedroom flat which are each independently accessed via external staircases from the rear.
• No.32 – let at a passing rent of £6,300 per annum on a six month Assured Shorthold Tenancy. ERV £8,700 per annum.
To the rear are small enclosed courtyard gardens for each of the flats, and there is a gravelled yard and parking area beyond with space to park approximately 6 cars. Also within the rear yard is a double cart lodge and single garage. The rear yard could potentially offer scope for redevelopment.
BUSINESS RATES We understand from internet enquiries made from the VOA website that the property has the following rateable values (2017 List): No.30 - £4,850 No.36 - £9,800 For the year commencing 1 April 2017 rates will normally be charged at 46.7p under £18,000 RV. Interested parties are advised to check with East Cambridgeshire District Council.
FLOOR/SITE AREAS No.30 No.36 No.34 No.32
(Retail)*: (Retail)*: (1 bed flat)**: (2 bed flat)**:
15.11 sq m 91.00 sq m 44.04 sq m 70.98 sq m
(163 sq ft) (980 sq ft) (474 sq ft) (764 sq ft)
COUNCIL TAX We understand from internet enquiries made from the Directgov website that the flats at 32 and 34 Market Street are both assessed within Council Tax Band A.
* Areas taken from Valuation Office Agency ** Areas taken from EPC’s as not inspected
SERVICES
VAT
Mains drainage, gas, electricity and water are understood to be available to the premises. 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.
We understand that VAT will not be charged on the price.
PRICE/PROPOSAL Offers over £600,000 fare sought or the freehold interest subject to leases/tenancies, and reflecting development potential.
LISTED STATUS The building is not listed.
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
EPC The property has the following EPC Ratings: No.30: No.36: No.34: No.32:
VIEWING/FURTHER INFORMATION
C (67) D (76) D (55) E (40)
Barker Storey Matthews Pound Hill House Pound Hill Cambridge CB3 0AE Contact: Mark Critchley [email protected] (01223) 467155
Copies of the EPC’s are available on our website.
LEGAL COSTS Each party to be responsible for their own legal fees.
MC/6494 171011
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 OF THE CONTROLLER OF HER MAJESTY’S STATIONERY OFFICE, © CROWN COPYRIGHT RESERVED. 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
ORDNANCE SURVEY PLAN THIS PLAN IS REPRODUCED FROM THE ORDNANCE SURVEY MAP WITH THE PERMISSION OF THE CONTROLLER OF HER MAJESTY’S STATIONERY OFFICE, © CROWN COPYRIGHT RESERVED. 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
01223 467155
30 - 36 Market Street, Ely Cambridgeshire, CB7 4LS Passing Rent: £27,300 pa
Offers over: £600,000 •
Investment/Development Opportunity
•
Passing Rent of £27,300 pa
•
ERV of £33,300 pa
•
2 x Retail Units
•
1 x 1 Bedroom Flat
•
1 x 2 Bedroom Flat
•
Potential to Develop Yard at Rear
•
0.06 hectares/0.15 acres
•
Close to City Centre
Voted by the Estates Gazette ‘Most Active Agent in the East of England 2014, 2015,2016’
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
LOCATION
LEASE TERMS
Ely is a popular and expanding city with a current population of about 20,000 and lies 15 miles north of Cambridge. Ely is on the A10 Cambridge/Kings Lynn Road and within 13 miles of the major A14 dual carriageway. There is a main line railway station with services to Cambridge, Peterborough and London.
We understand that at present the property is fully let as follows: No.30 – Let to a private individual trading as a barbers, currently paying a rent of £4,200 per annum exclusive on an informal arrangement. It is assumed that the tenant has security of tenure. ERV £6,000 per annum exclusive.
•
The property fronts onto Market Street with an access off Market Street to the rear yard and there is a secondary access through the sheltered housing development to the rear off Newnham Street.
• No.36 – let to a private individual trading as Harnwell & Son butchers at a passing rent of £12,000 per annum exclusive under a five year lease which commenced 10th September 2015. ERV £12,000 per annum exclusive.
DESCRIPTION
• No.34 – let at a passing rent of £4,800 per annum on a six month Assured Shorthold Tenancy. ERV £6,000 per annum.
The property comprises a mid-terrace two storey period building which is split to provide two retail units on the ground floor and above are a one bedroom and a two bedroom flat which are each independently accessed via external staircases from the rear.
• No.32 – let at a passing rent of £6,300 per annum on a six month Assured Shorthold Tenancy. ERV £8,700 per annum.
To the rear are small enclosed courtyard gardens for each of the flats, and there is a gravelled yard and parking area beyond with space to park approximately 6 cars. Also within the rear yard is a double cart lodge and single garage. The rear yard could potentially offer scope for redevelopment.
BUSINESS RATES We understand from internet enquiries made from the VOA website that the property has the following rateable values (2017 List): No.30 - £4,850 No.36 - £9,800 For the year commencing 1 April 2017 rates will normally be charged at 46.7p under £18,000 RV. Interested parties are advised to check with East Cambridgeshire District Council.
FLOOR/SITE AREAS No.30 No.36 No.34 No.32
(Retail)*: (Retail)*: (1 bed flat)**: (2 bed flat)**:
15.11 sq m 91.00 sq m 44.04 sq m 70.98 sq m
(163 sq ft) (980 sq ft) (474 sq ft) (764 sq ft)
COUNCIL TAX We understand from internet enquiries made from the Directgov website that the flats at 32 and 34 Market Street are both assessed within Council Tax Band A.
* Areas taken from Valuation Office Agency ** Areas taken from EPC’s as not inspected
SERVICES
VAT
Mains drainage, gas, electricity and water are understood to be available to the premises. 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.
We understand that VAT will not be charged on the price.
PRICE/PROPOSAL Offers over £600,000 fare sought or the freehold interest subject to leases/tenancies, and reflecting development potential.
LISTED STATUS The building is not listed.
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
EPC The property has the following EPC Ratings: No.30: No.36: No.34: No.32:
VIEWING/FURTHER INFORMATION
C (67) D (76) D (55) E (40)
Barker Storey Matthews Pound Hill House Pound Hill Cambridge CB3 0AE Contact: Mark Critchley [email protected] (01223) 467155
Copies of the EPC’s are available on our website.
LEGAL COSTS Each party to be responsible for their own legal fees.
MC/6494 171011
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 OF THE CONTROLLER OF HER MAJESTY’S STATIONERY OFFICE, © CROWN COPYRIGHT RESERVED. 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
ORDNANCE SURVEY PLAN THIS PLAN IS REPRODUCED FROM THE ORDNANCE SURVEY MAP WITH THE PERMISSION OF THE CONTROLLER OF HER MAJESTY’S STATIONERY OFFICE, © CROWN COPYRIGHT RESERVED. 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
