EXCHANGE TOWER FREEHOLD OFFICE / RETAIL FOR SALE
EXCHANGE TOWER Wisbech, Cambridgeshire, PE13 1HG
FREEHOLD OFFICE / RETAIL FOR SALE With Potential for Residential Conversion (STP)
OVERVIEW ·
Approximately 15,392 sq ft (1,429.9 Sq M) over 4 floors
·
Located in the heart of Wisbech Town Centre (Cambridgeshire)
·
Part income producing with potential for conversion to residential (subject to planning)
· ·
Offers in excess of £1.1m plus VAT
LOCATION The offices are located in a prominent central position in the Georgian town of Wisbech, Cambridgeshire. Wisbech has a population in the region 25,000 people and is a market town. Wisbech is approximately 23 miles east of Peterborough, 15 miles west of Kings Lynn, 39 miles from Cambridge and 55 miles from Norwich. The A47 Trunk Road between Norwich and Leicester passes around the southern and eastern side of Wisbech. The property can be accessed from the corner of Alexandra Road and Post Office Lane with public car parking a few meters away from the property.
DESCRIPTION The property comprises a mixture of office and retail over three / four floors and is Grade II Listed. The front element includes a large retail area with basement storage and ancillary offices at first and second floors. It also includes a former Post Office on the ground floor with offices to the rear, first and second floors, and basement storage. The rear element comprises a number of offices of varying sizes spread over four floors. There is lift access, gas heating and an entrance area with disabled access. Floor plans are available from the agents.
ACCOMMODATION Sq Ft
Sq M
Tenant
Start
Expiry
Rent (pa)
Per Sq Ft
Break
Units 1 - 4
2,649
246
Fenland District Council
27/09/2004
26/09/2019
£30,000
£11.33
Unit 5
1,081
100.4
VACANT
Unit 6
1,126
104.6
Norfolk County Council
16/01/2015
15/01/2018
£8,500
£7.55
Unit 7 - 8
2,115
196.4
Cambs & P’borough Clinical Commissioning Group
07/10/2014
06/10/2019
£18,000
£8.51
07/10/2017
Unit 9
1,139
105.8
VACANT
Unit 10
722
67
VACANT
Unit 11
1,254
116.4
VACANT
Unit 12
939
87.2
VACANT
Fenland View, Alexandra Road
2,474
229.8
The Regard Partnership
15/02/2016
14/02/2022
£12,287
£4.97
15/02/2019
Post Office, 1 – 3 Bridge Street
1,893
175.8
VACANT
TOTAL
15,392
1,429.9
£68,787
* Please note that this information has been provided by our client and measurements are on a net internal floor area basis.
PRICE Offers are invited in excess of £1.1m plus VAT. FURTHER INFORMATION For further information or to arrange an inspection, please contact:William Rose T: 01733 201391 E: [email protected]
Edward Gee T: 01733 209906 E: [email protected]
IMPORTANT NOTICE Savills, their clients and any joint agents give notice that:1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own, behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Figures quoted in these particulars may be subject to VAT in addition.
FREEHOLD OFFICE / RETAIL FOR SALE With Potential for Residential Conversion (STP)
OVERVIEW ·
Approximately 15,392 sq ft (1,429.9 Sq M) over 4 floors
·
Located in the heart of Wisbech Town Centre (Cambridgeshire)
·
Part income producing with potential for conversion to residential (subject to planning)
· ·
Offers in excess of £1.1m plus VAT
LOCATION The offices are located in a prominent central position in the Georgian town of Wisbech, Cambridgeshire. Wisbech has a population in the region 25,000 people and is a market town. Wisbech is approximately 23 miles east of Peterborough, 15 miles west of Kings Lynn, 39 miles from Cambridge and 55 miles from Norwich. The A47 Trunk Road between Norwich and Leicester passes around the southern and eastern side of Wisbech. The property can be accessed from the corner of Alexandra Road and Post Office Lane with public car parking a few meters away from the property.
DESCRIPTION The property comprises a mixture of office and retail over three / four floors and is Grade II Listed. The front element includes a large retail area with basement storage and ancillary offices at first and second floors. It also includes a former Post Office on the ground floor with offices to the rear, first and second floors, and basement storage. The rear element comprises a number of offices of varying sizes spread over four floors. There is lift access, gas heating and an entrance area with disabled access. Floor plans are available from the agents.
ACCOMMODATION Sq Ft
Sq M
Tenant
Start
Expiry
Rent (pa)
Per Sq Ft
Break
Units 1 - 4
2,649
246
Fenland District Council
27/09/2004
26/09/2019
£30,000
£11.33
Unit 5
1,081
100.4
VACANT
Unit 6
1,126
104.6
Norfolk County Council
16/01/2015
15/01/2018
£8,500
£7.55
Unit 7 - 8
2,115
196.4
Cambs & P’borough Clinical Commissioning Group
07/10/2014
06/10/2019
£18,000
£8.51
07/10/2017
Unit 9
1,139
105.8
VACANT
Unit 10
722
67
VACANT
Unit 11
1,254
116.4
VACANT
Unit 12
939
87.2
VACANT
Fenland View, Alexandra Road
2,474
229.8
The Regard Partnership
15/02/2016
14/02/2022
£12,287
£4.97
15/02/2019
Post Office, 1 – 3 Bridge Street
1,893
175.8
VACANT
TOTAL
15,392
1,429.9
£68,787
* Please note that this information has been provided by our client and measurements are on a net internal floor area basis.
PRICE Offers are invited in excess of £1.1m plus VAT. FURTHER INFORMATION For further information or to arrange an inspection, please contact:William Rose T: 01733 201391 E: [email protected]
Edward Gee T: 01733 209906 E: [email protected]
IMPORTANT NOTICE Savills, their clients and any joint agents give notice that:1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own, behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Figures quoted in these particulars may be subject to VAT in addition.
