£85,000

Property for sale

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Freehold

Guide price

£85,000

(£182.80/sq. ft)

Property for sale

11 North Street, Crowland, Peterborough PE6

465 sq. ft

Local area information

Property location

Nearby amenities

  • South View Community Primary School 0.2 miles
  • Newborough CofE Primary School 3.4 miles
  • Spalding 7.8 miles
  • Peterborough 7.8 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
  • Retail Premises
  • Investment Property
  • NIA- 43.24 Sq m (465 Sq ft)
  • Street Parking To Front
  • EPC: C
  • Niy 9.88%
  • Rent Increase to £8,400 plus VAT pa on 01.09.2026
  • Producing £8,000 plus VAT pa
Ground floor retail unit comprising a main retail area with a W.C and kitchenette to the rear. The property is let to Chemical Box Limited and benefits from a prominent shop frontage, carpeted floors, suspended ceiling with recessed lighting and street parking to front.

Location

This property is situated along North Street in the town centre of Crowland. Crowland is a growing town that dates back to the 7th Century and benefits from a recently completed bypass. Crowland is located approximately 10 miles north east of Peterborough, 8 miles east of Market Deeping, 10 miles south of Spalding and benefits from good transport links with the A47 and A16 close by.

Description

This ground floor retail unit comprises a main retail area with a W.C and kitchenette to the rear. The property benefits from a prominent shop frontage, carpeted floors, suspended ceiling with recessed lighting and street parking to front.

Tenancy Information

There is currently a full repairing and insuring lease in place that expires on the 30th November 2027 at a passing rent of £8,000 Plus VAT per annum. There is a rent increase to £8,400 Plus VAT per annum from the 1st September 2026.

Accommodation

We have been informed that the net internal floor area is as followed;

NIA- 43.24 Sq m (465 Sq ft)

Services

We understand that mains electric, water and drainage are connected. None of the heating systems or any other plant and equipment have been tested by Commercial List and prospective purchasers must rely on their own investigations as to their existence and condition.

Business Rates

From enquiries made though the Valuation Office website, we understand that the following rating assessment applies;

Rateable value: £7,200

This property is eligible for small business rates relief. However interested parties should make their own enquiries as to the amount of rates payable.

Terms

The property is for sale on a long leasehold of 999 years subject to the current tenancy in place at an asking price of £85,000 plus VAT. The freehold may be available, please enquire for more information.

Epc

Energy rating: C

Vat

We understand that VAT will be charged on the asking price.

Legal Costs

Each party to pay their own legal costs incurred.

Viewing

For an appointment to view or further information please contact;

Charlie Burrows
e: T:

More information

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  1. Zoopla
  2. Commercial for sale
  3. Peterborough
  4. Crowland
  5. Abbey Walk