Retail Property - High Street For Sale
Wisbech is an attractive market town in Cambridgeshire located approximately 20 miles northeast of Peterborough and 40 miles north of Cambridge. Wisbech benefits from good road links with the A1101 radiating north/south and the A47 east/west providing easy access to Peterborough and Kings Lynn.
The property is prominently located on the Market Place in the heart of the Wisbech town centre. The entrance to the Horsefair Shopping Centre is nearby which offers a wide range of retail outlets plus parking for circa 400 cars with 3 hours free parking. Nearby retailers on Market Place include a variety of national and regional occupiers including WH Smith, Costa Coffee, British Red Cross & Boots, amongst others.
The property comprises an end of terrace retail unit extending to 4,553 sq.ft arranged on basement, ground, first & second floors.
The property is let to adult gaming / amusement giant Merkur Slots UK Limited on a new 15-year lease from May 2022 with 5 yearly rent reviews to open market rent with a tenant only option to break every 5-years. The current passing rent is £35,000 pax.
The property is offered for sale freehold at a guide price of £430,000 subject to contract.
VAT is NOT applicable.