Retail premises for sale in 11 North Street, Crowland, Peterborough PE6, £85,000

85,000.00

Offer Nr.:
65344622
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Richardson Chartered Surveyors
Phone(s):
01780 673945

* Freehold
* Retail Premises
* Ground Floor
* NIA 42. 6 Sq m (459 Sq ft)
* EPC: C
* Prominant Frontage
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:

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