Retail premises for sale in North Street, Crowland PE6

Location

This property is situated along North Street in the town centre of Crowland. Crowland is a growing town that dates back to the 7th Century and benefits from a recently completed bypass. Crowland is located approximately 10 miles north east of Peterborough, 8 miles east of Market Deeping, 10 miles south of Spalding and benefits from good transport links with the A47 and A16 close by.

Description

This ground floor retail unit comprises a main retail area with a W.C and kitchenette to the rear. The property benefits from a prominent shop frontage, carpeted floors, suspended ceiling with recessed lighting and street parking to front.

Tenancy information

11 North Street is let to Chemical Box Limited on a 5 year internal repairing and insurance lease commencing on the 1st September 2021 at a current rent of £7,500 plus VAT per annum. There is a rent review and tenant break option on the 31 August 2024. Please contact the agent for more information.

Accommodation

We have been informed that the net internal floor area is as followed;

NIA- 43.24 Sq m (465 Sq ft)

Services

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

Business rates

From enquiries made though the Valuation Office website, we understand that the following rating assessment applies;

Rateable value: £7,200

This property is eligible for small business rates relief. However interested parties should make their own enquiries as to the amount of rates payable.

Terms

The property is for sale on a long leasehold of 999 years subject to the current tenancy in place at an asking price of £85,000 plus VAT. The freehold may be available, please enquire for more information.

EPC;
Energy rating: C

VAT

We understand that VAT will be charged on the asking price.

Legal costs

Each party to pay their own legal costs incurred.

Viewing

For an appointment to view or further information please contact the agent.