8 / 8a The Pavement
St Ives
Cambridgeshire
PE27 5AD

Freehold Retail Investment

  • Part let to Barnardo’s on a new 5 year lease (renewal)
  • Barnardo’s in occupation for at least 15 years
  • Part let to Countrywide Estate Agents (not in occupation)
  • Opportunity to convert self-contained upper parts to residential (subject to lease and consents)
  • Nearby occupiers include Boots the Chemist, Greggs, Costa Coffee, WHSmith, Holland & Barrett, Superdrug and Barclays, HSBC and Nationwide banks
  • VAT free investment
  • Affluent Cambridgeshire market town
  • Lot
    16
  • Auction
    14/Feb/2019
  • Rent
    £42,000 per Annum
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Auction & Property Update
  • 8 / 8a The Pavement<br>St Ives<br>Cambridgeshire<br>PE27 5AD
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
6 miles east of Huntingdon
14 miles north-west of Cambridge
Roads
A1 (M), A14, A141
Air
London Stansted, Heathrow and Gatwick
Situation

St Ives is an affluent market town in Cambridgeshire, some 6 miles east of Huntingdon and 14 miles north-west of Cambridge. The property is located on the north side of The Pavement in a prominent town centre location, opposite the weekly St Ives street market on Market Hill. Other nearby occupiers including Boots the Chemist, WHSmith, Greggs, Costa Coffee, Holland & Barrett, Superdrug and HSBC, Nationwide and Barclays Bank.

Tenure

Freehold.

Description

The property comprises two shops, one arranged on ground floor only and the other arranged on the ground floor with self-contained offices on the first and second floors, accessed from the front. There is potential to convert the upper floors to residential, subject to the existing lease and consents.

VAT

VAT is not 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

UnitFloorUse
Floor Areas (Approx)
TenantTermRent p.a.xReview/
(Reversion)
8GroundRetail/Ancillary
57.60 sq m
(620 sq ft)
BARNARDO’S (1)5 years from
15/11/2018
£23,000(14/11/2023)
8aGround
First
Second
Retail/Ancillary
Offices/Ancillary
Offices/Ancillary
38.09 sq m
45.52 sq m
40.41 sq m
(410 sq ft)
(490 sq ft)
(435 sq ft)
COUNTRYWIDE
ESTATE AGENTS
(2)
10 years
from
25/03/2011
£19,000(24/03/2021)
Total
181.62 sq m
(1,955 sq ft)
  £42,000 

(1) For the year ending 31st March 2017, Bernardo’s reported a total net worth of £2,153,000 (Source: Experian 18/12/2018).
(2) Countrywide is one of the leading providers in estate agency services and owns and operates over 60 brands of estate agents (Source: www.countrywide.co.uk). The tenant is not currently in occupation.

Property Documents

  • Site Plan
    Updated Date
    22.01.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    22.01.19
    File Size
    928 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
BSG Solicitors 314 Regents Park Road, Finchley
London
N3 2JX
Jeremy Swerner 020 8343 4411jeremy@bsgsolicitors.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now