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East Street Crowland, Peterborough Guide Price £525,000

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  • Retail & Residential Investment Opportunity in the heart of Crowland
  • PLEASE NOTE: The Existing Businesses/Tenancies are not affected in any way.
  • Total annual rent of £41,600
  • Gross yield: 8%
  • VAT: Not applicable
  • Prime town centre location in Crowland

An outstanding Investment/Pension opportunity has become available in the centre of Crowland. A total of 6 separate units comprising 3 retail shop units and 3 domestic residential of 2 or 3 bedrooms.

SHOPS:

No. 1 East Street is something of a local Landmark that has been extremely successful serving the community with its Hardware needs for many, many years. Current rent passing is £8400 per annum.

No. 1a East Street is right next to the Trinity Bridge which is a vital part of the area's History dating back at least a thousand years. The shop is a Confectioners and Fancy Goods retailer and well respected locally. Current rent passing is £6240 per annum.

No. 1b East Street is a white and grey painted later addition and is to the left of the main block. It is a very high end Salon offering the community all the latest services from highly qualified staff. Current rent passing is £7200 per annum.


LIVING ACCOMMODATION: All have their own access from the street.

1 Thames Tunnel. 2 bedroom 2 bathroom with a current rent of £8340 per annum

2 South Street. 2 bedroom with a current rent of £5100 per annum

4 South Street. 3 bedroom maisonette with a current of £6900 per annum


Total annual income = £42,180 per annum.


Mixed Use Investment, available Freehold subject to the existing tenancies.

Tenure: Freehold
Income: Total annual rent of £42,180
Gross yield: 8%
VAT: Not applicable

1, 1A, 1B East Street (PE6 0EN)

1 Thames Tunnel (PE6 0GR)

2 & 4 South Street (PE6 0AJ)

Crowland, Peterborough

FULLY LET!


PLEASE NOTE: The Existing Businesses are not affected in any way.

Property Description

Mixed residential and retail property investment.

Detached property comprising a Salon, Hardware Store, Confectionery, Two flats and a Maisonette.

Prime town centre location in Crowland, 9 miles north of Peterborough. Current annual rental income is £42,180.

Location Description

The property is situated in the Town Centre of Crowland in a mixed retail and residential area.
The property sits adjacent to the historic Trinity Bridge, a unique three-way stone arch bridge that stands at the heart of Crowland.
Crowland is well positioned and is well served with great road links to nearby places such as Peterborough (9 miles), Thorney (4 miles), Spalding (9 miles), Market Deeping (8 miles) and Deeping St James (6.5 miles).



GENERAL INFORMATION

TENURE:

Freehold, subject to existing tenancies.

BUSINESS RATES:

1 East Street: Rateable Value:  £6,400

1A East Street:  Rateable Value:  £2,900

1B East Street:  Rateable Value:  £3,350

 

COUNCIL TAX:    
          
1 Thames Tunnel: Council Tax Band:  A

2 South Street: Council Tax Band:  A

4 South Street: Council Tax Band:  A

 

LOCAL AUTHORITIES:  South Holland District Council, Priory Road, Spalding, PE11 2XE 


Telephone:
01775 761161


ADDITIONAL NOTES

 

There is potential to increase rental revenue

 

 By appointment through sole agents.

 



East Street Crowland
Peterborough PE6 0EN
County: Lincolnshire
Sale Type: For Sale
Ref #: KPS575

East Street Crowland
Peterborough PE6 0EN
County: Lincolnshire
Sale Type: For Sale
Ref #: KPS575

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East Street Crowland
Peterborough PE6 0EN
County: Lincolnshire
Sale Type: For Sale
Ref #: KPS575
Name Location Type Distance