Description
The property comprises a purpose-built mid-terrace prime retail unit located on Bridge Street, within close proximity to many national retailers including Post Office, W H Smith, Specsavers, Greggs and Waterstones.
ACCOMMODATION
Having measured the property in accordance with the prevailing RICS Code of Measuring Practice, we calculate that it provides the following floor area.
Ground floor retail: 134.56 sq m (1,448 sq ft)
First floor ancillary: 129.29 sq m (1,391 sq ft)
Total NIA: 263.85 sq m (2,839 sq ft)
LOCATION
Peterborough is an historic cathedral city located in the heart of England. It is located approximately 42 miles north-east of Northampton, 37 miles north-west of Cambridge and 80 miles north of London.
Communication links are excellent with the A1 touching the western fringes of the city, being one of the principal routes linking London to the North of England. Other ‘A’ roads enter into the city helping Peterborough to be easily accessible to a large catchment population.
Peterborough is also well connected to London by train with regular services to London Kings Cross on the East Coast mainline, the fastest journey time being approximately 45 minutes.
SERVICES
We understand that mains supplies are available and connected to the property.
These have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers.
TOWN AND COUNTRY PLANNING
We understand that the property has consent for uses falling within Class E (Commercial, Business & Services Use) of the Town and Country Planning (Use Classes) Order 1987 (as amended).
Class E now encompasses a number of uses formerly known as A1 (Shops), A2 (Professional & Financial Services), A3 (Restaurant & Cafés), B1 (Business) and D1 (Clinics, Health Centre, Crèche & Day Nurseries).
RATES
Charging Authority: Peterborough City Council
Description: Shop and Premises
Rateable value: £49,000
UBR: 0.512
Period: 2021-2022
Multiplying the Rateable Value figure with the UBR multiplier gives the annual rates payable, excluding any transitional arrangements which may be applicable. For further information, please contact the Charging Authority.
TENURE
The property is available To Let by way of an effective Full Repairing and Insuring lease for a term to be agreed.
SERVICE CHARGE
A service charge may be levied to cover the upkeep, maintenance and repair of all common parts of the development.
VAT
VAT may be charged in addition to the rent at the prevailing rate.
LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in documenting the transaction.