Retail premises for sale in Market Place, Market Deeping, Peterborough PE6

The premises comprises a ground floor retail space forming part of a 19th Century building constructed behind an attractive Lincolnshire stone façade. The accommodation to the rear of the building is a modern single storey extension, providing retail space and storage. The storage area benefits from a roller shutter loading door, office, staff room and WC. The sales area has suspended ceilings with inset and ceiling mounted LED lighting, carpeting and painted plastered walls. Externally, the property benefits from adjacent parking on-site to the rear.

Location

The property is situated in a prominent corner location of the town centre at the junction of Church Street and Market Place. Nearby occupiers include Domino's, Co-op and Newton Fallowell.

Description

The premises comprises a ground floor retail space forming part of a 19th Century building constructed behind an attractive Lincolnshire stone façade. The accommodation to the rear of the building is a modern single storey extension, providing retail space and storage. The storage area benefits from a roller shutter loading door, office, staff room and WC. The sales area has suspended ceilings with inset and ceiling mounted LED lighting, carpeting and painted plastered walls. Externally, the property benefits from adjacent parking on-site to the rear.

Accommodation

The property has the following approximate floor areas measured in accordance with the RICS code of measuring practice on a net internal area basis:

Ground Floor Retail - 539.84 sqm (5,811 sqft)
Rear Storage - 99.72 Sq M (1,073 Sq Ft)

Total Approximate Net Internal Floor Area - 639.56 sqm (6,884 sqft)

Services

We understand that mains electricity and water are connected. None of the services, 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:-

Rateable value: £47,250

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

Terms

For sale freehold of vacant possession at guide price of £800,000 subject to contract.
Alternatively the premises can be let on a full repairing and insuring lease at a rent of £60,000 per annum exclusive.

Epc

EPC Rating - C

Vat

We understand that VAT will be charged on the purchase price/ rent.

Legal Costs

Each party is to be responsible for its own legal costs incurred in the transaction.

Viewing

For an appointment to view or further information please contact -

Andrew Leech t: E:
Katie Mulhern t. E.