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Guide Price £375,000 £375,000

Peterborough

ON MARKET
Property Description

106.9 Sq M (1116 Sq Ft) - The property comprises well-presented retail accommodation arranged over ground, first and second floors. There is potential to convert the upper floors to residential, subject to the grant of the necessary consents. Two car parking spaces are allocated to the rear of the property.

LOCATION
Peterborough is a major regional city with a residential population of over 186,000. It is the UK’s second fastest growing city outside of London with the resident population expected to grow to above 200,000 by 2021. The city centre has recently been improved with new paving, street furniture and planters on Bridge Street, Cathedral Square, Long Causeway and a new feature fountain in Cathedral Square which has become the focus, transforming the central retail area into a vibrant and attractive place with many new restaurants using the space for “alfresco” dining. The property is situated on Bridge Street close to the entrance to the Rivergate Shopping Centre.

DESCRIPTION
The property comprises well-presented retail accommodation arranged over ground, first and second floors.
There is potential to convert the upper floors to residential, subject to the grant of the necessary consents.
Two car parking spaces are allocated to the rear of the property.

ACCOMMODATION
The premises have been measured in accordance with the RICS code of measuring practice on a net internal floor area basis.
Ground Floor 41.79 Sq M (449.8 Sq Ft)
First Floor 29.50 Sq M (317.5 Sq Ft)
Second Floor 35.62 Sq M (383.4 Sq Ft)
Total Net Internal Floor Area 106.9 Sq M 1,115 Sq Ft)

SERVICES
We understand that mains electricity, gas, water and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Richardson and prospective purchasers 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:-

Rateable Value:
92: £12,500
92a: £5,700

Interested parties should however rely on their own enquiries as to the amount of rates payable.

TERMS
The property is for sale freehold with full vacant possession

LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction

EPC
Energy Rating: E

VIEWING
For an appointment to view or further information please contact -

Andrew Leech t:01780 758007 e:aleech@richardsonsurveyors.co.uk

Callum Dickinson t:01780 758005 e:cdickinson@richardsonsurveyors.co.uk

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