FREEHOLD FOR SALE Peterborough, Cambridgeshire
01733 897722
209 Lincoln Road Peterborough, PE1 2NQ Shop with first floor Studio Flat
Price: £159,950
Prominent location
Currently producing £12,000 pa
Ground floor shop.
First floor studio flat
Can be sold with Vacant Possession if required.
Voted by the Estates Gazette ‘Most Active Regional Agent in Cambridgeshire 2012, 2013, 2014, 2015’
Bury St Edmunds
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Cambridge
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Huntingdon
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Peterborough
LOCATION
BUSINESS RATES
The property is located on the Eastern side of Lincoln Road, close its junction Highbury Street, in the Millfield area of Peterborough and approximately one mile to the North of the City centre.
The ground floor of the property has a rateable value (2010) list of £3,400. The draft RV issued by the Valuation Office Agency for the new 2017 List is also set at £3,400. Interested parties are encouraged to confirm these figures with Peterborough City Council. The first floor studio flat falls within Council Tax band A.
The immediately surrounding area is predominantly residential in nature, albeit Lincoln Road itself in the main provides retail and other commercial, many with residential accommodation within upper parts. The surrounding residential population is highly multicultural in nature.
LEGAL COSTS Each party to be responsible for their own legal fees in connection with this matter.
DESCRIPTION
VAT
The property comprises a self contained semidetached building arranged over ground and first floors. The ground floor is currently occupied by a letting agency and provides a front office / sales area with secondary partitioned office to the rear. There is a single unisex and disability compliant WC to the rear, and small kitchenette facility. The space benefits from a ceramic tiled floor, ceiling mounted fluorescent lighting and wall mounted air cooling units. A staircase from the front of the property gives access to a self contained studio flat at first floor. The flat provides a sleeping area, sitting area and fitted kitchen facility. It has wood laminate flooring, and ceiling mounted pendant lighting. There is a separate bathroom providing shower cubicle, WC and wash hand basin.
The property is elected for VAT and VAT will be payable on the sale price.
VIEWING Strictly by appointment with the sole agents:-
Barker Storey Matthews 37 Priestgate, Peterborough PE1 1JL Contact: Julian Welch
[email protected] (01733) 897722 4L121 161017
FLOOR AREAS We confirm the ground floor extends to a net internal area of approximately 290 sq ft (26.94 sq m). The first floor provides a studio flat.
TENURE The property is currently occupied on a licence basis. The tenant is prepared to sign a new 3 or 5 year lease, or alternatively the property can be offered with Vacant Possession upon completion of the sale.
PRICE The price is to be £159,950 plus VAT for the freehold interest.
SERVICES Mains electricity water gas & drainage are available to the premises. Interested parties are 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.
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
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Cambridge
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Huntingdon
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Peterborough