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A Mixed Use Building Arranged to Provide a Lower Ground and Ground Floor Shop and Two Self-Contained Flats (Both Sold Off on Long Leases) Producing a Combined Income of £15,250 Per Annum
The property comprises a mid terrace building arranged to provide a lower ground and ground floor shop and two self-contained flats on the first and second floors (sold off).
Tenure
Freehold
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Wisbech Park are within easy reach. Transport links are provided by the A47 to the south.
Accommodation
Lower Ground Floor Shop Area WC Ground Floor Shop Area First and Second Floors Two Flats (Not Inspected)
Tenancy
The shop is subject to an FRI lease for a term of 5 years commencing 22nd July 2022 at a rent of £15,000 per annum. There is a tenants break in 2025. Royal Mencap Society is a registered charity and leading voice of learning and disability and currently operate 45 charity shops. The flats are sold off on a 999 year lease from 15th June 2010 at a ground rent of £250 per annum.
Approximate GIA: 3,145 Sq Ft
Energy Efficiency Rating (EPC)
Current Rating E
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.