4 Market Place and 1 - 3A High Causeway Whittlesey Peterborough Cambridgeshire PE7 1AV

4 Market Place and 1 - 3A High Causeway
Whittlesey
Peterborough
Cambridgeshire
PE7 1AV

Freehold Bank and Retail Investment

  • Majority let to Barclays Bank plc until 2027 (subject to option)
  • Prominent and attractive town centre location fronting market place and pedestrianised High Causeway
  • Nearby occupiers include NatWest Bank, Nationwide and Norwich & Peterborough Building Society
  • Six Week Completion
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    8
  • Auction
    26th March 2015
  • Rent
    £25,750 per Annum Exclusive
  • Status
    Sold
  • Price
    £360,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Bank and Retail Investment

  • Majority let to Barclays Bank plc until 2027 (subject to option)
  • Prominent and attractive town centre location fronting market place and pedestrianised High Causeway
  • Nearby occupiers include NatWest Bank, Nationwide and Norwich & Peterborough Building Society
  • Six Week Completion
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 8
  • Auction 26th March 2015
  • Rent
  • Status Sold
  • Price £360,000
  • Sector
    Bank
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
5 miles east of Peterborough. 27 miles north of Cambridge
Roads
A1, A47, A605
Air
Whittlesey Railway Station
Rail
London Stansted Airport
Situation

The property is situated in a prominent corner location in the town centre on the north side of Market Place fronting pedestrianised High Causeway and Market Street. Nearby occupiers include NatWest Bank, Nationwide and Norwich & Peterborough Building Society.

Tenure

Freehold.

Location
Miles
5 miles east of Peterborough. 27 miles north of Cambridge
Roads
A1, A47, A605
Air
Whittlesey Railway Station
Rail
London Stansted Airport
Situation

The property is situated in a prominent corner location in the town centre on the north side of Market Place fronting pedestrianised High Causeway and Market Street. Nearby occupiers include NatWest Bank, Nationwide and Norwich & Peterborough Building Society.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with ancillary accommodation on the first floor and a self-contained retail unit comprising retail accommodation on the ground floor and ancillary accommodation on the first floor.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be a single block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore.
Telephone: +44 (0)20 7034 4858.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor banking hall with ancillary accommodation on the first floor and a self-contained retail unit comprising retail accommodation on the ground floor and ancillary accommodation on the first floor.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

Viewings

There will be a single block viewing for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore.
Telephone: +44 (0)20 7034 4858.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Review/(Reversion)
4 Market Place
& 1-3A High
Causeway
Ground
First
Banking Hall/Ancillary
Ancillary
155.98 sq m
54.63 sq m
(1,679 sq ft)
(588 sq ft)
BARCLAYS BANK PLC (1) 20 years from 12/01/2007 (2) £18,500 29/09/2018
29/09/2023
(28/09/2027)
1 High
Causeway
Ground
First
Retail
Ancillary
33.63 sq m
33.07 sq m
(362 sq ft)
(356 sq ft)
TLC RUS LTD 5 years from 01/08/2010 £7,250 25/12/2016
(31/07/2015)
Totals    
277.31 sq m
(2,985 sq ft)
    £25,750  

(1) For the year ending 31/12/2013, Barclays Bank plc reported pre-tax profits of £2,885,000,000 and a total net worth of £53,264,000,000. (Source: www.riskdisk.com 26/02/2015).
(2)The lease provides for a tenant option to determine at the end of the 15th year and the lease is a full repairing and insuring lease subject to a Schedule of Condition.

Property Documents

  • Site Plan
    Updated Date
    03.03.15
    File Size
    51 KB
    View PDF
  • Catalogue Page
    Updated Date
    03.03.15
    File Size
    633 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Mills & Reeve Botanic House, 100 Hills Road
Cambridge
CB2 1PH
Nichola Ross 01223 222 355nichola.ross@mills-reeve.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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