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    Key features

    • To be offered on Tuesday 25 November
    • Freehold Retail Investment
    • Comprises approximately 104 sq m (1,120 sq ft) + upper parts used as staff accommodation within the same lease
    • Comprises a ground floor and basement shop together with upper parts within the same lease
    • VAT is not applicable
    • Investment let at £17,500 pa (17.50% on Guide Price)

    Description

    A corner building comprising ground floor takeaway with internal and separate side access to a basement and staff accommodation on the first and second floor.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor/EPC and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.


    Ground - 60 sq m (645 sq ft)

    Basement - 44 sq m (475 sq ft)

    First / Second - 5 rooms, not measured


    Total (excluding first & second floors) - 104 sq m (1,120 sq ft)

    Tenancy

    The property is let to an Individual trading as Mama Mia's Chicken for a term of 10 years from 22.06.2018 until 21.06.2028 at a current rent of £17,500 per annum and the lease contains full repairing and insuring covenants. Rent review on 22.06.2027 open market upward only. Rent review from 2021 and 2024 outstanding.


    Commercial unit at rear (No.14B) has been sold-off on long leasehold for a term of 125 Years from 25th November 1986 at peppercorn ground rent.

    Rent

    £17,500 pa

    Notes

    Joint Agent:



    Blue Alpine

    Joseph Bachman

    07723 619270

    joseph@bluealpine.com

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      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Wisbech is an attractive market town located on the River Nene approx 13 miles south-west of King’s Lynn and 21 miles east of Peterborough. The town benefits from good road communications via the A47 which lies adjacent to the town and links to Peterborough and the A1. The property is situated in the heart of the town centre, with occupiers close by include Poundland, Yorkshire Building Society, TUI, William Hill, Halifax, Nationwide and Savers amongst many others.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums