For Sale / To Let Market Place, Wisbech

LOCATION
The property is conveniently located at the edge of Market Place in the town centre, 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. A free public car park is situated close to the property.

DESCRIPTION
A mid terraced, ground floor retail premises with a large basement extending to a total area of approximately 258 sq m (2,780 sq ft) (STMS). The property is located at the corner of the Market Square in Wisbech. This is a prominent location with a large volume of foot traffic passing on a daily basis. There is additional access to the rear.

ACCOMMODATION
Ground Floor - Retail area with a frontage of approximately 4.8m widening significantly, and a storage area to the rear. Total ground floor area approximately 130 sq m (1,400sq ft) (STMS)

Basement – Large storage area totalling approximately 128sqm (1,380sq ft) (STMS)

SERVICES
All mains services are understood to be connected to the property. Central heating throughout the property. Interested parties are advised to make their own enquiries of the relevant drainage authority and utility companies.

TERMS
The property is offered for Sale Freehold, including a Ground Rent payable by the residential unit above. Vacant Possession is available from September 2026.

Alternatively, the property is available To Let, as a whole, on a Full Repairing and Insuring Lease within Part II of the Landlord and Tenant Act 1954. The Tenant will be responsible for all outgoings in addition to the rent.

OUTGOINGS
Rateable Value (2026 List): £6,300
Business Rates 2026/27: 43.2p in the £

Due to Transitional Relief and Supporting Small Business Relief the rates payable in respect of the property may be reduced. Interested parties are advised to make their own enquiries of the Local Rating Authority as to the likely 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
The property has been elected for VAT. Therefore, VAT at the prevailing rate is payable in addition to the purchase price or rent.

LEGAL COSTS
Each party will bear their own legal costs incurred in the transaction.

PLANNING
The property falls within Use Class E (Commercial, Business and Service) as defined by the Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020. The use of the property is longstanding and believed to be lawful. The property could be used for other purposes subject to planning.

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.