28 Orange Grove and 14 & 15, Norfolk Street, Wisbech
£745,000
For Sale
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£745,000
For Sale
Get in touch
Bunty Blanshard
Commercial Sales Negotiator
03301280939
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Property summary
For Sale Multi let retail/residential investment 3 Shops 3 Flats Excellent conditionComplete income £53,400 pax 1 vacant shop to let Overall Floor Area 3493 sqft (324.50 sqm) Get in touch
Bunty Blanshard
Commercial Sales Negotiator
03301280939
More about the property
An excellent opportunity to purchase this recently restored multi-let mixed commercial and residential property investment. The 3 properties situated within walking distance of the main town centre off the Main Arterial Churchill Road in a popular commercial and residential area with a range of shops and businesses.
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Location
An excellent opportunity to purchase this recently restored multi-let mixed commercial and residential property investment. The 3 properties situated within walking distance of the main town centre off the Main Arterial Churchill Road in a popular commercial and residential area with a range of shops and businesses. Wisbech is a market town,
inland port
and civil parish
in the Fenland district in Cambridgeshire.
In 2011 it had a population of 31,573. The town lies in the far north-east of
Cambridgeshire, bordering Norfolk and only 5 miles (8 km) south of Lincolnshire.
The tidal River Nene
running through the town is spanned by two road bridges. Wisbech is in the Isle of Ely
(a former administrative county) and has been described as "the Capital of
The Fens". Wisbech is noteworthy for its fine examples of Georgian architecture, particularly the
parade of houses along the North Brink, which includes the National
Trust property of Peckover House and the Crescent, part of a circus surrounding Wisbech
Castle.
An excellent opportunity to purchase this recently restored multi-let mixed commercial and residential property investment. The 3 properties situated within walking distance of the main town centre off the Main Arterial Churchill Road in a popular commercial and residential area with a range of shops and businesses. Wisbech is a market town,
inland port
and civil parish
in the Fenland district in Cambridgeshire.
In 2011 it had a population of 31,573. The town lies in the far north-east of
Cambridgeshire, bordering Norfolk and only 5 miles (8 km) south of Lincolnshire.
The tidal River Nene
running through the town is spanned by two road bridges. Wisbech is in the Isle of Ely
(a former administrative county) and has been described as "the Capital of
The Fens". Wisbech is noteworthy for its fine examples of Georgian architecture, particularly the
parade of houses along the North Brink, which includes the National
Trust property of Peckover House and the Crescent, part of a circus surrounding Wisbech
Castle.
ACCOMMODATION
The property comprises 3 shops and 3 flats and in accordance with the plans within the details comprises:
14 Norfolk Street, 3 storey property with ground floor retail, first and second floor flat over being 28b.
15 Norfolk Street, 3 storey property with ground floor retail, first and second floor flat over being 28a.
28 Orange Grove, 2 storey property with ground floor retail, first floor flat/Air B&B over being 28c.
The property comprises 3 shops and 3 flats and in accordance with the plans within the details comprises:
14 Norfolk Street, 3 storey property with ground floor retail, first and second floor flat over being 28b.
15 Norfolk Street, 3 storey property with ground floor retail, first and second floor flat over being 28a.
28 Orange Grove, 2 storey property with ground floor retail, first floor flat/Air B&B over being 28c.
PLANNING
The property has established uses for A1 retail and C3 retail planning permission. The properties are situated in a Conservation Area of the town.
The property has established uses for A1 retail and C3 retail planning permission. The properties are situated in a Conservation Area of the town.
SERVICES
Mains electricity, water and drainage are connected. There is a gas main and meter however this will need reconnecting.
Mains electricity, water and drainage are connected. There is a gas main and meter however this will need reconnecting.
TENURE
The properties are available freehold subject to existing tenancies. The properties can purchased as one or individually at a price to be agreed. The lease and tenancies are as follows and copies of these agreements can be made available.
14 Norfolk Street is Let to a beauty/salon
15 Norfolk Street is recently let to a beauty and foot spa
Flat 28a is let on an AST
Flat 28b is let on an AST
Flat 2bc is let on an Air B&B basis
28 Orange Grove is used for storage however can bet let when vacant
The combined rents when fully let is £53,400 pax with the tenants paying all services, taxes.
The properties are available freehold subject to existing tenancies. The properties can purchased as one or individually at a price to be agreed. The lease and tenancies are as follows and copies of these agreements can be made available.
14 Norfolk Street is Let to a beauty/salon
15 Norfolk Street is recently let to a beauty and foot spa
Flat 28a is let on an AST
Flat 28b is let on an AST
Flat 2bc is let on an Air B&B basis
28 Orange Grove is used for storage however can bet let when vacant
The combined rents when fully let is £53,400 pax with the tenants paying all services, taxes.
RATEABLE VALUE
Each shop is exempt from business rates due to small business allowances. Each flat has a council tax band of A.
Each shop is exempt from business rates due to small business allowances. Each flat has a council tax band of A.
CEPC
CEPCS and EPCS have been ordered
CEPCS and EPCS have been ordered
LEGAL COSTS
Each party are responsible for their own legal costs
Each party are responsible for their own legal costs
VAT
The price is exclusive of VAT
The price is exclusive of VAT
LOCAL AUTHORITY
Contact Wisbech Town Council
1 North Brink
Wisbech
PE13 1JR
Tel 01945 461333
Contact Wisbech Town Council
1 North Brink
Wisbech
PE13 1JR
Tel 01945 461333
VIEWINGS
Contact Pygott & Crone Commercial
Tel 01522 536777
Contact Pygott & Crone Commercial
Tel 01522 536777