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Union Street Wisbech

£150,000 | Under Offer

Offices, Serviced Offices, A1 - High Street, A1 - Centre, A1 - Other, A2 - Financial Services, A3 - Restaurants / Cafes, A4 - Pubs / Bars / Clubs, A5 - Take Away, Commercial

  • Union Street Wisbech
  • Union Street Wisbech
  • Union Street Wisbech
  • Union Street Wisbech
  • Union Street Wisbech
  • Union Street Wisbech
  • Union Street Wisbech
  • Union Street Wisbech

Full Details:

Two Prominent Grade II Listed Units ideally located on the Market place. 10 Union Street offering an investment opportunity currently let to Salvation Army and 11 Union Street providing office/training accommodation. Suitable for a range of uses subject to planning and the permission of the Freeholder.

The properties are prominently located on the Market Place 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.
Union Street is situated adjacent to the Market Place which forms the centre of the primary shopping district of Wisbech, lying adjacent to The Horsefair shopping centre and adjoining the High Street. Occupiers of the Market Place include local occupiers, regional and national chains.

The 2 properties are both currently situated over 3 floors. Number 11 with the ground and first floor previously being used as office space and the 2nd floor used as a residential space. Number 10 is currently retail on the Ground Floor with the first floor being used as storage. 10 Union Street extends to approximately 200sq.m of useable space with 11 Union Street approximately 364 sq.m of usable space.

Both Number 10 and Number 11 Union Street are Grade II listed buildings.

10 Union Street currently occupied to The Salvation Army comprises of:
Ground Floor Office Space: 139.6 sq m (1443 sq ft)
First Floor Office Space: 44.9 sq m (484 sq ft)
Second Floor Space:: 15.1 sq m (163 sq ft)

11 Union Street comprises of:
Ground Floor Reception: 37.0 sq m
Ground Floor Office/Store: 154.3 sq m
1st Floor Office/Store: 92.0 sq.m
2nd Floor Former Residential: 60.8 sq.m
Outside Store: 19.4 sq.m

Mains drainage, electricity and water are understood to be connected. Mains gas is understood to be available in the street.
Interested parties are advised to make their own enquiries of the relevant drainage authority and utility companies.

The property is offered For Sale as a long leasehold which runs to 19th September 2048. The Vendor currently pays a ground rent of £550 per annum. Vacant possession is being offered on Number 11 Union Street upon completion.
Unit 10 is currently occupied with a new lease being negotiated for a further 6 years at the passing rent of £13,975pa. Further details are available upon request.

10 Union Street:
Rateable Value (2010 List): £12,500
Uniform Business Rates 2015/16: £6,162

11 Union Street:
Rateable Value (2010 List): £12,500
Uniform Business Rates 2015/16: £6,162

It is understood that the property is not currently elected for VAT. All guide prices quoted are exclusive of VAT. Should VAT become chargeable on the transaction this will be paid in addition.

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

10 Union Street is in retail use (A1). 11 Union Street and was formerly used as offices by a local newspaper, other uses may be considered. suitable subject to planning. The property lies within the Wisbech Conservation Area

For an appointment to view apply to the Agent