For Sale - Under OfferTown Centre Retail/Office Premises

Priory House, 1- 3 The Crescent, Spalding, Lincolnshire, PE11 1AB

Description

The property comprises large vacant ground floor retail/office premises with substantial first and second floor office accommodation with separate access.

There is also a small self-contained retail unit forming part of the ground floor.

LOCATION

The property is centrally located in a prominent position on The Crescent within the market town of Spalding.

Spalding is a thriving market town with a population of circa 30,000 people and is situated on the River Welland within the District of South Holland. The town is located with easy access via the A16 through to Peterborough to the south and A1 and A17 to the north. Spalding also benefits from a rail connection service to London (via Peterborough).

TOWN AND COUNTRY PLANNING

The property is described as shop and premises falling within Use Class A1 (Shops) of the Town and Country Planning (Use Classes) Order 1987 (as amended).  However, we believe alternative uses may also be considered appropriate subject to planning.

* In the agents opinion the upper floors of the property lend themselves well to residential conversion, subject to necessary consents.

TENURE

The property is available Freehold subject to a lease for the ground floor self-contained retail unit only.

The current tenant is trading as a barber and holding over on their original lease paying a rent of £3,500 per annum.

The lease is protected by the 1954 Landlord & Tenant Act (Security of Tenure provision).   Further information can be provided on request.

VAT

VAT will not be charged.

LEGAL COSTS

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