84 High Street Ramsey Huntingdon Cambridgeshire PE26 1BS

84 High Street
Ramsey
Huntingdon
Cambridgeshire
PE26 1BS

Freehold Retail and Residential Investment

High Street shop with two flats above
Located in popular market town
Nearby occupiers include Nationwide Building Society, Barclays and McColl’s
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
58
Auction
25th May 2017
Rent
£5,218 per Annum Exclusive
Status
Sold
Price
£65,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund Manager

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Freehold Retail and Residential Investment

High Street shop with two flats above
Located in popular market town
Nearby occupiers include Nationwide Building Society, Barclays and McColl’s
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 58
Auction 25th May 2017
Rent £5,218 per Annum Exclusive
Status Sold
Price £65,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of a Major Fund Manager

Property Information

Location

Miles: 12 miles south-east of Peterborough, 24 miles north-west of Cambridge
Roads: A141, A14, A1(M) (Junction 15)
Air: Luton Airport

Situation

Ramsey is a popular market town in Cambridgeshire some 10 miles north of Huntingdon. The property is situated on High Street, close to its junction with Great Whyte (B1040). Nearby occupiers include Nationwide Building Society, Barclays Bank and McColl’s.

Tenure

Freehold.

Location

Miles: 12 miles south-east of Peterborough, 24 miles north-west of Cambridge
Roads: A141, A14, A1(M) (Junction 15)
Air: Luton Airport

Situation

Tenure

Freehold.

Description

The property, a Grade II listed building, comprises a ground floor retail unit. Two self-contained residential flats at rear ground and first floor and a detached single storey garage and parking area have been let on long leases.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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)
84	Ground	Retail	49.70 sq m	(515 sq ft)	INDIVIDUAL t/a The Sandwich Bar	3 years from 01/03/2013	£5,000	28/02/2016 (1)
84a	First	Residential and Parking	2 Bedroom		INDIVIDUAL	99 year lease from 25/03/1990 (2)	£60	(24/03/2089)
84b	Ground and First	Residential and Garage	1 Bedroom		INDIVIDUAL	99 year lease from 25/03/1990 (2)	£168	(24/03/2089)
Total Commercial Area			49.70 sq m	(515 sq ft)			£5,228

(1) The tenant is currently holding over and is in discussions with the landlord for a new lease. For further information please refer to the legal pack.
(2) The seller has served a notice on the residential tenants, pursuant to section 5B of the Landlord & Tenant Act 1987