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

85,000.00

Offer Nr.:
65543983
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Commercial List
Phone(s):
01476 218743

* Good Transport Links
* Self Contained Retail Unit
**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.

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