* Freehold Shops and Residential Investment
* Comprises Two Retail Units and Three Self - Contained Flats
* VAT is not applicable to this property
* Located within the heart of Wisbech, the third largest town in Cambridge
Investment Consideration:
Gross Initial Yield: 9. 56%
Rental Income: £28, 200 p. a.
VAT is not applicable to this property
Comprises two retail shops at ground floor and three self - contained flats
above
Located within the heart of Wisbech, which is the third largest town in
Cambridgeshire
Property Description:
Comprises two ground floor shops and three self - contained flats, providing the
following accommodation and dimensions:
Shop No. 108: 35 sq m (377 sq ft)
Open plan retail, Storage, WC
Takeaway No. 108a: 157 sq m (1, 690 sq ft)
Open plan retail, Storage, WC
Flat 1 (108b): 43 sq m (463 sq ft)
Flat 2 (108b): 34 sq m (366 sq ft)
Flat 3 (108b): 24 sq m (258 sq ft)
Total Retail Area: 192 sq m (2, 067 sq ft)
Total Residential Area: 101 sq m (1, 087 sq ft)
Tenancy:
Shop No. 108 is at present let to an Individual for a term of 5 years from
28th May 2018 at a current rent of £5, 400 p. a. And the lease contains full
repairing and insuring covenants. The tenant did not exercise break clause in
May 2020. Deposit held of £400.
Outstanding rent review for May 2021.
Shop No. 108a is at present let to Missy De Ltd for a term of years from 1st
September 2019 to 27th May 2023 at a current rent of £6, 000 p. a. And the lease
contains full repairing and insuring covenants. Break clause in 2021 not
exercised. Deposit held of £500. Outstanding rent review for September 2022.
Flat 1 (No. 108b) is at present let on an AST to an Individual for a term of
12 months from 10th April 2022 at a current rent of £6, 000 p. a. Deposit held
of £500.
Flat 2 (No. 108b) is at present let on an AST to an Individual for a term of
12 months from 27th July 2022 at a current rent of £6, 000 p. a. Deposit held of
£500.
Flat 3 (No. 108b) is at present let on an AST to an Individual for a term of
12 months from 3rd March 2022 at a current rent of £4, 800 p. a. Deposit held of
£400.
Location:
Wisbech is the third largest town in Cambridgeshire, after Cambridge and St
Neots. The property is situated on the west side of Norfolk Street, to the
north of its junction with St Peter’s Road. Located within the heart of
Wisbech, it benefits from easy access to a range of facilities.

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