Sold STC Old Market, Wisbech

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Location

Full description

DESCRIPTION
Freehold Investment Property, benefitting from rental income from 17 (Boots UK Ltd) and 19 (Harris t/a Seventh Heaven) of £14,000 pa, plus grounds rents and service charge contributions from 18 and 20/21(first-floor flat). Modern building occupying a prominent location in the Old Market. Existing Businesses unaffected.

ACCOMMODATION
The property comprises 3 shop units plus a first floor flat, as follows:

17 Old Market: Let to Boots UK Ltd (Chemists) on a 25-year lease from 31st January 1996 at a current rent of £8,000 pa on internal repairing terms plus insurance contribution. Property comprises retail area of 43m² (36.6m² ITZA) plus stock room of 9m² with W.C. off. Rear access to shared yard area with vehicular access.

18 Old Market: Let on long lease of 125 years from 1st November 1992 at a ground rent of £50 pa plus share of insurance and service charge costs.

19 Old Market: Let on an informal basis to Mr Harris trading as Seventh Heaven (Computer Games) at £6,000 per annum on internal repairing terms plus insurance contribution.

Property comprises retail area of 39m² (33.3m² ITZA) plus stock room of 9m² with W.C. off. Rear access to shared yard area. The tenant is understood to have been in occupation since 2001.

20/21 Old Market: First Floor Flat with self- contained access let on a long lease of 99 years from 1st May 2001 at a ground rent of £40 pa plus service charge.

The freehold interest in the whole building, which is understood to date from the 1980s, is offered subject to the above occupations and with the benefit of the investment income.

Existing occupiers’ businesses are unaffected.

SERVICES
All mains services understood to be available

PARKING NOTES
Rear yard with vehicular access

VIEWING
Strictly by appointment with the agent, Maxey Grounds & Co.

For more information please speak to: John Maxey

Ready to view?

Call our Wisbech Professional Office on

01945 428830 Arrange a viewing

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