Retail property (high street) for sale

LOCATION
The property is prominently located on the western side of the High Street in the Georgian market town of Wisbech. Locally known as the Capital of the Fens, Wisbech has a population of around 20,000 and is a market town of great character and historical importance.
Wisbech lies approximately 23 miles from Peterborough, 39 miles from Cambridge and 55 miles from Norwich. The A47 Trunk Road between Norwich and Leicester passes around the southern and eastern side of Wisbech.
The central business area of Wisbech comprises the High Street and the Market Place with a blend of local and national retailers including 99p Stores, WH Smith and Bon Marche together with the Horsefair shopping centre comprising national retailers such as Somerfield, Argos, Boots, Dorothy Perkins, Burtons Menswear and Carphone Warehouse.
The property occupies a prominent location on the High Street, just off the Market Place, where markets still take place on Thursday and Saturday every week.

DESCRIPTION
The property is predominantly two storey and has a distinctive frontage to High Street. The accommodation comprises well proportion Ground Floor Retail Space with rear door and at first floor level there is useful storage accommodation plus Staff Kitchen, Restroom and WC's.
The property has a very prominent window frontage onto High Street. Loading facilities to the rear of the premises via loading door.
The property is considered suitable for a variety of retail uses.

ACCOMMODATION
GROUND FLOOR AREA: 113.7 sq m (1,224 sq ft)
GROUND FLOOR PLANT ROOM: 8.7 sq m (94 sq ft)
FIRST FLOOR STORAGE: 94.8 sq m (1,020 sq ft)
KITCHEN: 9.5 sq m (102 sq ft)
STAFF ROOM: 7.3 sq m (79 sq ft)
STAFF WC's.
NB All measurements are for guidance only

SERVICES
All mains services are understood to be connected. 3-Phase electricity. Interested parties are advised to make their own enquiries of the relevant drainage authority and utility companies.

TERMS
The property is offered For Sale Freehold with vacant possession upon completion. Alternatively the property is offered To Let on a new Lease, for a period to be agreed, on a Full Repairing and Insuring Basis, contracted out of the Security of Tenure provisions of Part II of the Landlord & Tenant Act 1954. Leases for in excess of three years will be subject to three yearly rent reviews. The Tenant will be responsible for all outgoings in addition to the rent.

OUTGOINGS
Rateable Value (2010 List): £16,250
Uniform Business Rates 2012/13: £7,442.50
NB The property may be eligible for Small Business Rates Relief dependant upon the occupier's circumstances. Due to Transitional Relief Provisions the rates payable with regard to this property may have no relation to the Rateable Value. Interested parties are advised to check with the Local Rating Authority (Fenland District Council, Fenland Hall, County Road, March, Cambridgeshire PE15 8NQ Tel[use Contact Agent Button]) as to the current rates liability

VAT
The proeprty has not been elected for VAT. Should the rent become subjec to VAT this will be payable in addition to the rent.

LEGAL COSTS
Each party will bear their own legal costs incurred in the transaction.

PLANNING
The current retail use of the property is long standing and believed lawful and would fall within Use Class A1 (Shops) as defined by the Town & Country Planning (Use Classes) Order 1987 (As Amended). The property lies within Wisbech Conservation Area.

VIEWING
For an appointment to view apply to the Agent