Property Description

The property comprises a three-storey mixed use building with retail premises to the ground floor and a self-contained apartment extending over the first and second storeys. The ground floor is currently trading as a Nail Bar and comprises a main retail area extending to 241 sq.ft along with kitchen and wc facilities. The premises also benefit from a basement extending to 243 sq.ft accessed from the rear of the building. The upper floors are accessed via an internal staircase leading to a one bedroomed apartment with bathroom, kitchen and dining room on the first floor and the bedroom on the second floor. Externally there is a yard to the rear of the premises. We are advised the rateable value is £4,500 per annum and the residential accommodation is council tax band A. The dimensions are as follows -

Ground Floor:

Retail Area - 5.22m x 3.60m and 2.80m x 1.55m Kitchen - 2.00m x 1.80m WC - 1.00m x 1.80m

First Floor:

Bathroom - 3.20m x 1.35m Kitchen - 3.10m x 1.80m Living Room - 4.65m x 3.45m

Second Floor:

Bedroom - 4.00m x 3.50m

Basement:

Basement - 22m2

Tenancy Details:

The building is currently occupied on a rolling basis with the tenant in occupation of the whole premises currently paying £10,000 per annum. We feel there is scope to negotiate a new lease. We advise interested parties to inspect the legal pack for more information.

Location:

The property is located on the east side of Market Street close to its junction with Market Place in the centre of Wisbech. The properties in the immediate vicinity comprise a mixture of retail and residential uses in-keeping with the use of the subject property. Wisbech is a market town in the Cambridgeshire Fens with a population of approximately 32,000. It is bypassed by the A47 trunk road which provides access to the city of Peterborough approximately 20 miles south-west and to Kings Lynn approximately 13 miles north-east.

VAT:

We are advised that VAT will not be chargeable on this transaction.

Tenure

Freehold

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