Under Offer

TypeApartments · Development - Residential · Flat in Commercial

PE7 20 - 24 Queen Street, Whittlesey, Peterborough

TenureFor sale

20 - 24 Queen Street, Whittlesey, Peterborough, PE71/10

Specification

Building size
Building size3,204sqft
Property type
Property typeApartments · Development - Residential · Flat in Commercial
Tenure
TenureFor sale

Description

Commercial property with 3 flats

The ground floor property comprises of a commercial premises. The building is of traditional construction with a stone façade. The building has development potential to the rear subject to planning. The first floor consists of 2 flats and 1 studio.

Rental income breakdown:

Commercial income of £16,000 per annum

Residential income of £14,880 per annum

Vacant flat estimated rent of £7,920 per annum

Strictly by appointment with the sole agent Savills.

Offers are invited in excess of £499,000.

VAT will be charged in addition to the rent at the prevailing rate.

To comply with Anti-Money Laundering Regulations, proof of ID and address are required and confirmation of the source of funding will be required.

The property currently has an EPC assessment of C - the certificate is attached.

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

The Valuation Office Agency website lists the property with a current rateable value of £9,600.

Floor plans available upon request.

Interested parties are advised to make their own investigations the Local Planning Authority.

Retail premises in prominent busy location

Estimated rental value fully let of £38,800 per annum

Guide price of £499,000

Mixed use investment sale

Planning has been approved for an extension

Location

Whittlesey is a market town with a population of approximately 16,000 in the Fenland district of Cambridgeshire, located approximately 6 miles (10 km) east of Peterborough and 11 miles (18 km) west of March.

Whittlesey is located in Fenland district council of Cambridgeshire, situated in the heart of the East of England. Whittlesey is 6 miles (10 km) east of Peterborough.

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