The property is prominently located on the High Street in the Georgian market town of Wisbech. Locally known as the Capital of the Fens, Wisbech has a population of around 30,000 and is a market town of great character and historical importance.
A ground floor retail unit extending to approximately 58.5m² IPMS3 (35.4m² ITZA). The unit comprises a Retail Area to the front a WC, Storage Area and Store Cupboard.
Retail Area: 42.0m²
Storage Area: 10.9m²
Mains water, drainage and electricity are understood to be connected. Mains gas is understood to be available in the vicinity. Prospective Tenants are advised to make their own enquiries of the relevant utility companies.
The property is offered To Let on a new lease for 3 years on an Internal Repairing and Shop Front basis, contracted out of the Security of Tenure provisions of Part II of the Landlord & Tenant Act 1954. The Tenant will be responsible for reimbursing the Landlord’s costs in respect of Buildings Insurance and for all outgoings in addition to the rent. Rent reviews will be conducted every 3 years for Terms in excess of 3 years.
Rateable Value (2017 List) £5,600
Small Business Rates Multiplier 2022/23: 49.9p
Estimated Business Rates: £2,794.40
NB The property may be eligible for Small Business Rates Relief dependant upon the Tenant’s circumstances. Due to transitional relief provisions the rates payable with regard to this property may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority (Fenland District Council, Fenland Hall, County Road, March, Cambridgeshire PE15 8NQ 01543 654321) as to the current rates liability.
It is understood that the property is not elected for VAT.
Each party will be responsible for their own legal costs.
The property is currently in use as a retail unit under Use Class E (Commercial, Business and Service) as defined by the Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020.
Strictly by appointment with Maxey Grounds.
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