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Lot 39 - 4-6 Little Church Street, Wisbech, Cambridgeshire, PE13 1BG

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FREEHOLD COMMERCIAL/RESIDENTIAL INVESTMENT

Guide price: £175,000 - £200,000 *

Auction Date

Monday, 2nd October 2017 11:00am

Location & Description

An end of terrace Grade II Listed property arranged as a ground floor café/restaurant with a self-contained split level flat above.
Located within a local retail area, off the town's market square and accessed via Canal Street.
Wisbech is an attractive market town approximately 25 miles east of Peterborough and 40 miles north of Cambridge.

ACCOMMODATION (Not inspected)

Self-contained Recently Renovated Flat
Second Floor: 3 rooms
First Floor: 2 rooms, fitted kitchen, bath/WC, shower/WC
Subject to an AST for 12 months from June 2017 at £1,000 pcm

Ground Floor:
Kitchen 620 sq ft (57.6 sq m)
Store 120 sq ft (11.1 sq m)
Trading as Bygones Café by way of a repairing and insuring Law Society lease for 6 years from May 2014 at £9,600 p.a. We are advised that the tenant has been in occupation for 18 years.

EQUIVALENT TO £21,600 p.a.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.