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Home » Property Search » Auctions » 10/10/16 » 10 & 11 Union Street, Wisbech, Cambridgeshire, PE13 1DJ

Lot 49 - 10 & 11 Union Street, Wisbech, Cambridgeshire, PE13 1DJ

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LEASEHOLD PART VACANT COMMERCIAL INVESTMENT

Guide price: £150,000 - £160,000 *

Auction Date

Monday, 10th October 2016 11:00am

Location & Description

A pair of adjoining properties both arranged as a shop with two upper floors located on the west side of Union Street close to the main Market Square in a conservation area in the heart of this historic market town. Wisbech is 25 miles east of Peterborough, 40 miles north of Cambridge.

Lease Details

Both properties are held on a single lease until September 2048 at a ground rent of £550 p.a.

EQUIVALENT TO £13,425 p.a. WITH THE BENEFIT OF A VACANT THREE STOREY BUILDING

EPC Rating

On application

Result

Refer to auctioneer

Accommodation

Column 1 Column 2 Column 3 Column 4
10 Union Street: Second Floor: 160 sq ft (15 sq m)
First Floor: 485 sq ft (45 sq m)
Ground Floor: 1,445 sq ft (134 sq m)
Currently occupied by the Salvation Army at a rent of £13,975 p.a. who in principle have agreed to a new 6 year lease at the same rent.
11 Union Street: Second Floor: 645 sq ft (60 sq m)
First Floor: 990 sq ft (92 sq m)
Ground Floor: 2,055 sq ft (191 sq m)

* 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.