Retail premises for sale in St. Pauls Street, Stamford PE9

The property is situated in a prominent position on St Paul’s Street and comprises of a self- contained lock up shop on the ground floor with w.c and basement and a self-contained two bedroom flat on the first and second floors.

Location

The property is located in Stamford, an attractive, historic market town located approximately 1 mile east of the A1 Trunk Road on the Cambridgeshire/Lincolnshire/Rutland border, approximately 8 miles north west of Peterborough and 100 miles north of London. The town is situated on the River Welland and consists of many historic buildings and Burghley House.

The property is situated in the town centre close to the junction between The High Street, St Paul’s Street and Star Lane. Nearby occupiers include Domino Pizzas, M&S Foodhall and O2.

Description

The property is situated in a prominent position on St Paul’s Street and comprises of a self- contained lock up shop on the ground floor with w.c and basement and a self-contained two bedroom flat on the first and second floors.

The building is generally of stone construction beneath a Collyweston slate roof with recently replaced dormer window in the front elevation. Access to the flat is via a shared passage off St Paul’s Street which leads to a steel staircase and decking at the rear of the property. The building is Grade II listed.

Accommodation

The property has the following approximate floor areas measured in accordance with the RICS code of measuring practice on a net internal floor area basis:

Sales 34.18 sq m (368 sq ft)
Basement store (approx.) 30.00 sq m (322 sq ft)
Kitchen 2.20 sq m (23 sq ft)

First / second floor flat 67.0 sq m (721 sq ft)

Services

We understand that mains water, electricity and drainage are connected to the premises. None of these services, or any other plant and equipment has been tested by Richardson and prospective occupiers must rely on their own investigations as to their existence and condition.

Business Rates

From enquiries of the Valuation Office website, we understand that the following rating assessment applies:

Shop & premises £7,000

Prospective purchasers should make their own enquiries of South Kesteven District Council as to the amount of rates payable and Small Business Rates relief should apply.

Tenure

The lock-up shop is let to a travel company with their lease ending 14th July 2024. The flat is currently let on an Assured Short hold tenancy at a rent of £695 pcm commencing February 2024 and ending July 2024.

Terms

The property is For Sale freehold– price guide £350,000.

Epc

44 St Paul’s Street – Ground Floor Shop - EPC tbc.
44A St Paul’s Street – First / Second Floor Flat - EPC tbc.

Legal Costs

Each party is to be responsible for its own legal costs incurred in the transaction.

Viewing

For further information or an appointment to view please contact the sole selling agent Andrew Leech at Richardson on or email: