Retail premises for sale in 11 North Street, Crowland, Peterborough PE6

Ground floor lock up shop with prominant display window which is currently let.

Location

Crowland is situated approximately 10 miles north of Peterborough and 10 miles south of Spalding and lies at the intersection of the A1073 and the B1166 roads. The town dates back to the 7th Century and is home to Crowland Abbey and the unique Triangular Bridge. Crowland is a growing town benefiting from the recently completed bypass.

Description

The property comprises a ground floor lock up shop with prominant display window.

Accommodation

From the rating assessment we are informed that the floor area is as followed;

Total floor area- 42.6 Sq m (459 Sq ft)

Services

We understand that mains electricity, water and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Richardson and prospective lessees must rely on their own investigations as to their existence and condition.

Business Rates

From enquiries made of the Valuation Office website, we understand that the following rating assessment applies;
Shop & premises- £7,600

Interested parties should rely on their own enquiries as to the amount of rates payable.

Terms

The property is available for sale freehold subject to current tenancy.

Tenancy

The property is subject to a 5 year lease commencing on the 1st September 2021, on full repairing and insuring terms at a rent passing of £7,500 Plus VAT per annum. The lease is contracted out of the Security of Tenure provisions of the Landlord & Tenant Act 1954. There is an upwards only rent review and tenant break option on the third anniversary of the lease.

Vat

We understand that VAT will be charged on the price.

Epc

Energy rating: C

Legal Costs

Each party to bear their own legal costs incurred in the transaction.

Viewing

For an appointment to view or further information please contact -

Andrew Leech t: E: