For Sale / To Let Market Place, Wisbech

LOCATION
The property is located in Market Place in the main retail area of Wisbech. Locally known as the Capital of the Fens, Wisbech has a population of around 20,000 and is a town of great character and historical importance.

Wisbech lies approximately 23 miles from Peterborough, 9 miles from Cambridge and 55 miles from Norwich. The A47 trunk road between Norwich and Leicester passes around the southern and eastern sides of Wisbech.

DESCRIPTION
The property comprises a mid-terraced ground-floor retail premises with frontage onto Market Place together with basement and first floor storage, extending to approximately 98.0 sq m Gross Internal Area (32.5m² ITZA).

ACCOMMODATION
Ground Floor Retail Area 33.6 sq m
First Floor Storage 32.9 sq m with WC
Basement 31.5 sq m

Total Area ITZA 32.5 sq m

SERVICES
Mains drainage, electricity and water are understood to be connected. Interested parties are advised to make their own enquiries of the relevant drainage authority and utility companies.

TERMS
The property is offered To Let on a new Lease, for a period to be agreed, on a Full Repairing and Insuring Basis.

The Tenant will be responsible for all outgoings in addition to the rent and will be required to reimburse the Landlord for the cost of insuring the premises.

Alternatively the property is offered For Sale Freehold, with vacant possession upon completion of the purchase.

OUTGOINGS
Rateable Value (2023 List): £6,000
Small Business Rates Multiplier 2025/26: 49.9p

NB Due to Transitional Relief, Small Business Rates Relief and Retail, Hospitality and Leisure Discount the actual rates payable in respect of the property may have no relation to the figure quoted.

Interested parties are advised to make their own enquiries of the Local Rating Authority as to the current rates liability. Although this property is covered by Fenland District Council all enquiries should be directed to Anglia Revenues Partnership, Breckland House, St Nicholas Street, Thetford, Norfolk IP24 1BT 01842 756568 nndr@angliarevenues.gov.uk

VAT
It is understood that the property has not been opted to tax and so VAT will not be payable in addition to the contract price or rent unless the VAT rules change to the effect that the transaction becomes subject to VAT.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in the transaction.

PLANNING
The use of the premises currently falls under Use Class E(a) - Retail as defined by the Town and Country Planning (Use Classes) Order 1987 (As Amended).

VIEWING
Viewing is strictly by appointment with the Agent. For further information please contact Alan Faulkner.
The Health and Safety of those viewing is the responsibility of the individual undertaking the viewing. Neither the Owner nor the Agent accept any responsibility for damage or injury to persons or property as a result of viewing the property and parties do so entirely at their own risk.