Retail premises for sale in Newboults Lane, Radcliffe Road, Stamford PE9

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Offers over £425,000
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Retail premises for sale

Property description

Key Points

  • Income producing £29,000 per annum
  • Long standing tenants
  • Located in the affluent town of Stamford
  • New long term leases in place
  • Finance available / good pension investment
  • Lower are first floor tenants
  • Description

    5 Cheyne lane - A large attached brick built property with a rendered finish is the home of two local business, on the ground floor there is a long standing caffe'/ restaurant operator and on the upper floor a well positioned hairdresser.

    Location

    Located in the Centre of Stamford and approximately 50m from the High Street.
    Stamford is a historic market town that boasts 11 churches, 30 pubs and over 10 quality hotels and guest houses. The property benefits from high foot fall due to being close to car parks and the weekly markets. Stamford is approx. 90 miles North of London and has excellent road and rail connections via the A1 and the main East Coastline.

    Viewings

    Strictly by prior appointment via the sole agents P & F Commercial Tel: Or via email

    Terms

    Offered for sale as a freehold investment.
    5 Cheyne Lane Stamford is offered with tenanted possession, The ground floor are in negotiations for a new 10 year lease and will be in place prior to completion. The first floor is currently acting out a 3 year lease term which commenced Nov 22'
    Guide price £425,000

    Services

    All mains services are connected to the property to include mains gas, electric, water and drainage. These services haven't been tested by the agent.

    Property info

    Arrange Viewing

    For more information about this property, please contact
    P & F Commercial, LE15 on +44 1664 518993 * (local rate)

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by P & F Commercial, and do not constitute property particulars. Please contact P & F Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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