About this property
Key Features
Would suit owner occupier or investor buyer
Freehold
Currently let to Holland & Barrett
Prominant town centre location
Attractive 3 storey commercial building
Description
A chance to purchase an attractive 3 storey building on the eastern side of Broad Street in the heart of the popular Fenland market town of March.
The property features a retail sales area on ground floor level with 7.6m frontage and large shop display window. There is also a lobby with stairs to first floor, and access to the Cellar, which has reduced head height but offers extra storage space.
At first floor level is landing with fire escape door to rear. There is a large Store Room (4.6m x 5.15m) with windows to front; Office (2.07m x 4.74m) with window to front; Staff Room with kitchenette, water heater and window to rear; Cloakroom with WC and wash hand basin.
At second floor level a landing gives access to 3 further ancillary rooms with windows variously to front and rear.
The property has an approximate gross internal area of 190m² (2,046ft²). EPC Rating - D
The property offers a good opportunity to an investor or owner occupier, and may lend itself to alternate uses STP.
Tenure
Freehold subject to lease
Location
21A is found in the prime retail area of March, with other retailers in close proximity including Boots, Superdrug, Brakes, WH Smith, Heron frozen foods, and with a Sainsbury's supermarket to the rear of the propety. March is a busy Fenland town, located midway between Huntingdon, Peterborough and King's Lynn. The town boasts a range of shops, facilities and services.
Auctioneers Note
The property is not subject to VAT.
Lot Type
Commercial
Tenancies
The property is currently fully let to Holland & Barrett Retail Ltd at a rent of £5,000 per annum (exclusive of VAT), with the rental term ending on the 23rd June 2021. The lease excludes Sections 24-28 of the Landlord and Tenant Act 1954, with each party able to break with 8 weeks' notice. See legal pack for further details.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Steven Beach at Howes Percival, Terrington House, 13-15 Hills Road, Cambridge, CB2 1NL
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�