EXC HANGE TOW ER Wisbech, Cambridgeshire, PE13 1HG
FREEHOLD OFFICE / RETAIL INVESTMENT With Potential for Residential Conversion (STP)
OVERVIEW
• A pproximately 15,392 sq ft • Part income producing with potential ( 1,429.9 Sq M) over 4 floors for conversion to residential (subject
to planning)
• Located in the heart of Wisbech
T own Centre (Cambridgeshire) • Offers in excess of £1.1m plus VAT •
LOCATION
The offices are located in a prominent central position in the Georgian town of Wisbech, Cambridgeshire.
Wisbech has a population in the region 25,000 people and is a market town.
Wisbech is approximately 23 miles east of Peterborough, 15 miles west of Kings Lynn, 39 miles from Cambridge and 55 miles from Norwich.
The A47 Trunk Road between Norwich and Leicester passes around the southern and eastern side of Wisbech.
The property can be accessed from the corner of Alexandra Road and Post Office Lane with public car parking a few metres away from the property.
DESCRIPTION
The property comprises a mixture of office and retail over three / four floors and is Grade II Listed.
The front element includes a large retail area with basement storage and ancillary offices at first and second floors. It also includes a former Post Office on the ground floor with offices to the rear, first and second floors, and basement storage.
The rear element comprises a number of offices of varying sizes spread over four floors. There is lift access, gas heating and an entrance area with disabled access.
Floor plans are available from the agents.
ACCOMMODATION
Sq Ft Sq M Tenant Start Expiry Rent (pa) Per Break Sq Ft
Units 1 - 4 2,649 246 Fenland District 27/09/2004 26/09/2019 £30,000 £11.33 Council
Unit 5 1,081 100.4 VACANT
Unit 6 1,126 104.6 VACANT
Unit 7 - 8 2,115 196.4 Cambs & P’borough 07/10/2014 06/10/2019 £18,000 £8.51 07/10/2017 Clinical Commissioning Group
Unit 9 1,139 105.8 VACANT
Unit 10 722 67 VACANT
Unit 11 1,254 116.4 VACANT
Unit 12 939 87.2 VACANT
Fenland View, 2,474 229.8 The Regard 15/02/2016 14/02/2022 £12,287 £4.97 15/02/2019 Alexandra Road Partnership
Post Office, 1,893 175.8 WMS Recruitment 14/06/2017 13/06/2022 £6,000 £3.16 15/06/2018 1-3 Bridge Street (rolling)
TOTAL 15,392 1,429.9 £74,787
* Please note that this information has been provided by our client and measurements are on a net internal floor area basis.
PRICE Offers are invited in excess of £1.1m plus VAT.
FURTHER INFORMATION
For further information or to arrange an inspection, please contact:-
William Rose Edward Gee T: 01733 201391 T: 01733 209906 E: [email protected] E: [email protected]
IMPORTANT NOTICE Savills, their clients and any joint agents give notice that:- 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own, behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Figures quoted in these particulars may be subject to VAT in addition. September 2018