Property photos
Guide price
£160,000
(£253.16/sq. ft)
Office for sale
North Street, Crowland PE6632 sq. ft
Local area information
Property location
Nearby amenities
- South View Community Primary School 0.2 miles
- Newborough CofE Primary School 3.4 miles
- Peterborough 7.8 miles
- Spalding 7.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
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 unit comprises a main retail area, seperate office and W.C and kitchenette to the rear. The property benefits from a prominent shop frontage, tiled floor and street parking to the front.
Tenancy information
13 North Street is let to City & County UK Limited on a 10 year internal repairing and insurance lease commencing on the 1st May 2021 at a current rent of £15,675 plus VAT per annum. There is a tenant break option on the 30 April 2026. Please contact the agent for a copy of the lease.
Accommodation
We have been informed that the net internal floor area is as followed;
NIA- 58.73 Sq m (632 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: £9,200
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 £160,000 plus VAT which represents a 9.79% Net Initial Yield.
EPC;
Energy rating: C
VAT
We understand that the property is elected for VAT. However, the sale can be treated as a togc and therefore VAT would not be payable on the purchase 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.
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 unit comprises a main retail area, seperate office and W.C and kitchenette to the rear. The property benefits from a prominent shop frontage, tiled floor and street parking to the front.
Tenancy information
13 North Street is let to City & County UK Limited on a 10 year internal repairing and insurance lease commencing on the 1st May 2021 at a current rent of £15,675 plus VAT per annum. There is a tenant break option on the 30 April 2026. Please contact the agent for a copy of the lease.
Accommodation
We have been informed that the net internal floor area is as followed;
NIA- 58.73 Sq m (632 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: £9,200
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 £160,000 plus VAT which represents a 9.79% Net Initial Yield.
EPC;
Energy rating: C
VAT
We understand that the property is elected for VAT. However, the sale can be treated as a togc and therefore VAT would not be payable on the purchase 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.
More information
Listed by
Commercial List
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