Lot 20 details
6 Week completion
Located in the heart of the city centre, adjacent to Beales Department Store and just a few hundred yards to the junction with Westgate which houses such multiple retailers as John Lewis, Maplin and Lloyds Bank as well an entrance to the Queensgate Shopping Centre. There is also a public car park to the rear of the building.
Peterborough is an important regional commercial centre, approx. 40 miles north-west of Cambridge benefitting from good road links via the A1(M) (Junction 17).
Forming part of a substantial recently refurbished modern mixed use commercial/residential building comprising a Self-Contained Ground Floor Commercial Unit with A1, A2 and B1 Use benefiting from air conditioning and fibre optic cabling.
In addition, the property includes 1 parking space located to the rear of the property which is accessed via a front gated entrance.
Ground Floor Commercial Unit
GIA Approx. 1,082 sq ft1 incl. Kitchenette and 2 WCs
1 Area provided by Vendor.
VAT is applicable to this Lot
Leasehold for a term of 999 years from 18th September 2017 at a peppercorn ground rent.
The property is let on a full repairing and insuring lease by way of service charge to Time Personnel Recruitment Limited (with 2 personal guarantors) as a Recruitment Agency for a term of 5 years from 18th September 2017 at a current rent of £13,000 per annum exclusive.
Rent Review 2020 linked to RPI
Note: There is a £4,220.40 (incl. VAT) Rent Deposit held.