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Station Road, March

£220,000 | For Sale

A1 - Centre, Residential, Commercial

BedroomsStudio    
  • Station Road, March
  • Station Road, March
  • Station Road, March
  • Station Road, March

Full Details:

Mixed-Use Property
Available to Buy as a Whole
2 x Retail Units
2 x One-Bedroom Flats
Wtihin Walking Distance of the Town Centre
Flat 1 & 2 EPC Rating G


LOCATION
The property is conveniently located within walking distance of the town centre of March and March Train Station, which has links to Peterborough, Cambridge and Norwich.

March is located approximately 19 miles east of Peterborough and approximately 32 miles north of Cambridge and is the administrative centre of Fenland.

DESCRIPTION
A mixed-use property comprising two Retail Units, one of approximately 76.6 sq m and the other of approximately 25.9 sq m and two One-Bedroom Flats, both of which extend to approximately 47.0 sq m each.

64 Station Road and Flats 1 & 2 St John's View, Station Road have shared pedestrian access to the rear.

ACCOMMODATION
62A Station Road
Retail Area 25.9 sq m

64 Station Road
Retail Area 12.1 sq m
Secondary Retail Area 13.5 sq m
Dark Room 5.6 sq m
Internal Store 5.0 sq m
Office 17.0 sq m

External Store with WC 9.6 sq m

Additional Store/Office 8.1 sq m
Additional Store/Office 5.7 sq m

Flat 1 St John's View, Station Road
Lounge 14.0 sq m
Kitchen 9.9 sq m
Bedroom 9.2 sq m
Bathroom 2.9 sq m

Flat 2 St John's View, Station Road
Lounge 13.9 sq m
Kitchen 9.7 sq m
Bedroom 9.7 sq m
Bathroom 2.8 sq m

SERVICES
It is understood that all of the individual properties benefit from mains electricity.

64 Station Road and Flats 1 & 2 St John's View, Station Road benefit from mains drainage and water.

TERMS
The property is offered For Sale Freehold, subject to existing tenancies, as a Whole at an asking price of £220,000.

OUTGOINGS
62A Station Road
Rateable Value (2015 List): £3,350

64 Station Road
Rateable Value (2015 List): £3,450

Uniform Business Rates (2017/18): 46.6p in the £.

The properties may be eligible for Small Business Rates Relief depending on the Occupier's individual circumstances. Interested parties are advised to make their own enquiries of Fenland District Council (01354 654321).

VAT
It is understood the property has not been elected for VAT, therefore VAT at the prevailing rate will not be payable on the purchase price.

LEGAL COSTS
Each party will be responsible for their own legal costs.

SERVICE CHARGE
It is understood there is no service charge.

PLANNING
The use of 62A Station Road and 64 Station Road currently falls within Use Class A1 (Retail) as defined by the Town and Country Planning (Use Classes) Order 1987.

The use of Flats 1 & 2, St John's View, Station Road currently falls within Use Class C3 (Dwellinghouse) as defined by the Town and Country Planning (Use Classes) Order 1987.

OTHER
Occupation

62A Station Road: Currently Let on a 12 month tenancy to expire November 2017.
64 Station Road: Currently Let on a 6 month tenancy to expire February 2018.
Flat 1 St John's View: Currently Let on a periodic assured shorthold tenancy.
Flat 2 St John's View: Currently Let on a periodic assured shorthold tenancy.

For further information, apply to the Agent.

VIEWING
Viewing is strictly by appointment with the Agent.