11 Jun 2025 | 02:00 PM
Result:
Unsold
Freehold
4-6 Little Church Street, Wisbech, Cambridgeshire, PE13 1BG
Key Features
- Freehold subject to tenancies
- 4 bed flat over first and second floor levels
- Ground floor commercial premises let to restaurant
- Mixed-use investment property generating total income of £22,800 per annum
Description
A chance to purchase a substantial Grade II Listed mixed-use investment opportunity in Wisbech town centre. The property is fully let and with a generous gross rental yield of 11.4% (at guide), which is sure to appeal to an investment buyer.
The attractive property has part rendered elevations under a pitched slate covered roof, and features the following accommodation:
Commercial Unit: The ground floor retail premises features a large window frontage, with the restaurant featuring a Dining Area, Commercial Kitchen and Serving Area with further store/preparation area to rear, along with a Cloakroom. The commercial premises also has independent access to a single Store Room at first floor level, and further a Store Room at second floor level, all of which is completely separate from the residential flat.
The gross internal area occupied by the commercial tenant is approximately 104m².
Residential Flat: Accessed from a separate door to the side of the building, the large flat occupies the majority of the first and second floors, featuring 4 Bedrooms; Lounge; Kitchen with modern MDF base and wall units; Bathroom with white wc, sink and bath with overhead shower; Separate Shower Room with white wc, sink and shower.
EPC Rating: E
Tenure
Freehold subject to tenancies
Lot Type
Commercial
Tenancies
The property total current income is £22,800 per year (see Legal Pack).
Of the above total, the ground floor is let on a commercial FRI lease for a period of 5 years dating from September 2024 and therefore has just over 4 years remaining on the current lease. The rent for the commercial premises is £12,000 per year. The first floor flat is let on an AST at a rent of £10,800 per annum.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or John Appleby at Leonard Gray, 72-74, Duke Street, Chelmsford, Essex, CM1 1JY
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
IMPORTANT: Cheffins would like to inform prospective purchasers that these sales particulars have been prepared as a general guide only. A detailed survey has not been carried out, nor the services, appliances or fittings tested. Room sizes should not be relied upon for furnishing purposes and are approximate. If floor plans are included, they are for guidance and illustration purposes only and may not be to scale. Images may have been digitally edited for illustration purposes. If there are any important matters likely to affect your decision to buy, please contact us before viewing the property.
*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.