Available
Wisbech – Takeaway & Flat
14 Market Place, Wisbech, Cambridgeshire PE13 1DY*Auction Sale* Freehold Takeaway & Residential Investment
Price
Guide £100,000
Rent P.A.
£17,500
Yield
15.91%
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
2y 6m
Area
1,120 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- To be sold in Savills auction on 24-25th November 2025 (Lot 152)
- Comprises takeaway at ground floor and a flat on the first and second floor
- The property includes commercial unit at rear which has been sold-off on long leasehold
- Occupiers close by include Poundland, William Hill, Halifax and Nationwide amongst many others.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
A corner building comprising ground floor takeaway with internal and separate side access to a basement and a flat on the first and second floor, providing the following accommodation and dimensions:
Ground Floor: 60 sq m (645 sq ft)
Open plan retail, storage, kitchen
Basement: 44 sq m (475 sq ft)
Ancillary, storage
First Floor: Not inspected
3 rooms and bathroom
Second Floor: Not inspected
2 rooms, communal kitchen/dining and wc
Ground Floor: 60 sq m (645 sq ft)
Open plan retail, storage, kitchen
Basement: 44 sq m (475 sq ft)
Ancillary, storage
First Floor: Not inspected
3 rooms and bathroom
Second Floor: Not inspected
2 rooms, communal kitchen/dining and wc
Tenancy Description
The property is at present let to an Individual for a term of 10 years from 22nd June 2018 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.
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.
Tenancies & Accommodation
Location Description
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
