prominent retail unit - Realla
PROMINENT RETAIL UNIT Peterborough, Cambridgeshire
01733 897722
10 Exchange Street Peterborough, PE1 1PW 149 sq m ( 1,604 sq ft)
Rent on Application
City Centre location
Potential to trade off two floors
Wide frontage
Suitable for a variety of uses (subject to planning)
Very prominent position fronting St Johns Square
Available February/March 2017
Voted by the Estates Gazette ‘Most Active Regional Agent in Cambridgeshire 2012, 2013, 2014, 2015’
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
LOCATION
PLANNING
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.
The property has consent for uses within Class A1, however it is anticipated that the building is suitable for a number of uses, subject to a relevant planning consent being obtained.
TIMING Please note the property will not be available until late February 2017.
BUSINESS RATES For the year commencing 1 April 2016 the rateable value is £29,750 and estimated rates payable are £14,785.75.
The property is located on Exchange Street, fronting St Johns Square, close to both the Queen Street and Cumbergate entrances into the Queensgate Shopping Centre. Other occupiers in the immediate vicinity include Clarkes and Carluccio’s restaurants, Henry Smith & Hamylton Opticians, Niro Menswear, The Stoneworks Bar and Bills restaurant, amongst others.
From 1 April 2017 the draft released by the VOA has been The VOA web site predicts an rates payable for an occupier £13,192 for 2017/18.
Upon application from the letting agents.
The property comprises a self contained retail unit arranged over ground and two upper floors. At ground floor there is a retail area with large double frontage and recessed entrance door, with external security shutters. In addition there is a small office, kitchenette and WC to the rear. Stairs lead to the first floor which provides two further offices, a storage area and further WC. Stairs also lead to the second floor which provides additional storage. Depending upon the proposed use, there is scope for the first floor to be used for trading space.
VAT We understand that VAT will be charged on the rent.
LEGAL COSTS Each party to bear their own costs in connection with this matter.
VIEWING Strictly by appointment with the sole agents:-
Barker Storey Matthews 37 Priestgate, Peterborough PE1 1JL Contact: Julian Welch [email protected] (01733) 897722
FLOOR AREAS 67.52 sq m
(727 sq ft)
Ground floor ancillary: 15.59 sq m
(168 sq ft)
First floor ancillary:
39.85 sq m
(429 sq ft)
Second floor ancillary: 25.98 sq m
(280 sq ft)
Total NIA:
value now to £26,750. of business property at
RENT
DESCRIPTION
Ground floor sales:
rateable reduced estimate for this
4W173 161012
149.00 sq m (1,604 sq ft)
All measurements above are approximate.
SERVICES Mains electricity, gas, water and drainage are 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. 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
10 Exchange Street Peterborough, PE1 1PW 149 sq m ( 1,604 sq ft)
Rent on Application
City Centre location
Potential to trade off two floors
Wide frontage
Suitable for a variety of uses (subject to planning)
Very prominent position fronting St Johns Square
Available February/March 2017
Voted by the Estates Gazette ‘Most Active Regional Agent in Cambridgeshire 2012, 2013, 2014, 2015’
Bury St Edmunds
●
Cambridge
●
Huntingdon
●
Peterborough
LOCATION
PLANNING
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.
The property has consent for uses within Class A1, however it is anticipated that the building is suitable for a number of uses, subject to a relevant planning consent being obtained.
TIMING Please note the property will not be available until late February 2017.
BUSINESS RATES For the year commencing 1 April 2016 the rateable value is £29,750 and estimated rates payable are £14,785.75.
The property is located on Exchange Street, fronting St Johns Square, close to both the Queen Street and Cumbergate entrances into the Queensgate Shopping Centre. Other occupiers in the immediate vicinity include Clarkes and Carluccio’s restaurants, Henry Smith & Hamylton Opticians, Niro Menswear, The Stoneworks Bar and Bills restaurant, amongst others.
From 1 April 2017 the draft released by the VOA has been The VOA web site predicts an rates payable for an occupier £13,192 for 2017/18.
Upon application from the letting agents.
The property comprises a self contained retail unit arranged over ground and two upper floors. At ground floor there is a retail area with large double frontage and recessed entrance door, with external security shutters. In addition there is a small office, kitchenette and WC to the rear. Stairs lead to the first floor which provides two further offices, a storage area and further WC. Stairs also lead to the second floor which provides additional storage. Depending upon the proposed use, there is scope for the first floor to be used for trading space.
VAT We understand that VAT will be charged on the rent.
LEGAL COSTS Each party to bear their own costs in connection with this matter.
VIEWING Strictly by appointment with the sole agents:-
Barker Storey Matthews 37 Priestgate, Peterborough PE1 1JL Contact: Julian Welch [email protected] (01733) 897722
FLOOR AREAS 67.52 sq m
(727 sq ft)
Ground floor ancillary: 15.59 sq m
(168 sq ft)
First floor ancillary:
39.85 sq m
(429 sq ft)
Second floor ancillary: 25.98 sq m
(280 sq ft)
Total NIA:
value now to £26,750. of business property at
RENT
DESCRIPTION
Ground floor sales:
rateable reduced estimate for this
4W173 161012
149.00 sq m (1,604 sq ft)
All measurements above are approximate.
SERVICES Mains electricity, gas, water and drainage are 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. 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
