Oundle Road, Peterborough: Price: £475,000

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Full Details:

DESCRIPTION
63-69 Oundle Road, Peterborough PE2 9PE

Exciting opportunity to acquire an investment/development opportunity close to Peterborough City centre with current rent roll and expansion possibilities.

Commercial/residential range of properties
Investment/development possibilities
Over 5,600sq.ft. of rentable space
Large private car park
Part let and available with vacant possession

SITUATION
Situated in the Woodston area approximately 1.5 miles from Peterborough City centre and lies in a prominent position on Oundle Road. The historic and thriving cathedral city of Peterborough has a growing population in the region of 196,000 and enjoys excellent communication links, a wide range of educational, recreational and shopping facilities together with a high speed rail link to London King’s Cross ( approx. 50 mins ).

DESCRIPTION
The properties comprises three retail units within two Victorian attached buildings with a mixture of ancillary and residential accommodation at first floor level. In addition there is a rear tarmac surfaced car park accessed from Jubilee Street together with a detached two storey workshop/warehouse.

ACCOMMODATION/FLOOR AREAS
63/65 Oundle Road

Comprising a large ground floor retail area with display window, rear sales area, lobby, canteen, male and female toilets. First floor store, three offices and loft space.

The first floor space lends itself to conversion and refurbishment to residential accommodation having an existing separate front entrance ( subject to planning ).

Overall circa 214.53 sqm ( 2,309 sq.ft. )

67 Oundle Road
Comprising a small retail sales area, external access to store. Please note this unit shares toilet facilities with 63/65 Oundle Road ).

Overall circa 37.05 sqm ( 398 sq.ft. )

67a Oundle Road
A residential first floor flat with separate access comprising: dining room, kitchen at ground floor level and two first floor bedrooms and bathroom. The accommodation requires some refurbishment.

Overall circa 90.28 sqm ( 97s sq.ft. )

69 Oundle Road
Comprising a small retail area, store/serving area and kitchen, external access to two store areas and toilet. First floor accommodation providing two store rooms and rear bathroom. A cellar is accessed from the property.

Overall circa 60.43 sqm ( 650 sq.ft. )

Detached rear workshop/warehouse and car park
Comprising a ground floor workshop area and first floor stores/offices sub-divided into three parts.

Overall circa 120.53 sqm ( 1,297 sq.ft. )

The L-shaped Tarmac car park has approximately 19/20 spaces.

LEASES
63/65 Oundle Road
The property will be vacated upon completion. The current occupier of the ground floor shop would be prepared to discuss terms for a lease of the ground floor retail areas.

67 Oundle Road
Currently let on an initial six month tenancy commencing 1st April 2017 at a rent of £175 per month exclusive.

67a Oundle Road
Currently let on an initial six month Assured Shorthold Tenancy agreement from 21st October 2016 at a rent of £350 per calendar month exclusive.

69 Oundle Road
Currently let on an initial six month tenancy agreement from 4th March 2017 at a rent of £200 per month exclusive.

RATES
We understand the following rateable values apply:-

63/65 Oundle Road – rateable value £19,000

67 Oundle Road – rateable value £3,050

69 Oundle Road – rateable value £1,775

67a Oundle Road – Council Tax Band A

General information
Tenure Freehold

Local Authority Peterborough City Council

Viewing
Strictly by appointment with Bletsoe Estate Agents

Money Laundering
To comply with current Money Laundering Regulations, any successful purchaser/purchasers will be asked to provide proof of identity and we will therefore need to take copies of a passport/driving licence and a recent utility bill (not more than three months old). This information is required prior to Solicitors being instructed.