Westgate, Peterborough

£350,000 OIRO
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Property Summary

WESTGATE is a busy city centre thoroughfare forming part of a long-established retail areas of the city. It has a good pedestrian footfall as it includes one of the entrances to the Queensgate Shopping Centre.

THIS THREE-STOREY BRICK AND TILED MID-TERRACE MIXED COMMERCIAL AND RESIDENTIAL PROPERTY is located opposite the Bull Hotel and is believed to be of Georgian origin. It is within the City Centre Conservation Area.

THE FLATS are self-contained with their own combined entrance from Westgate and entirely separate from the ground floor shop. The flats, which are within an area covered by the Council's Selective Licensing Scheme and provide a substantial annual income.

THE ACCOMMODATION is as follows (N.B. All dimensions are approximate) :-

GROUND FLOOR
Communal Entrance Lobby: Meter cupboard. Access to first and second floor flats.
Shop: 14' 9” max. x 14' 6” max. (4.50m x 4.42m). Double fronted window display and internal display cabinets.
Office 1: 15' 11” (4.85m) max. x 11' 4” (3.45m) max.
Office 2: 15' 6” x 8' 8” (4.72m x 2.64m). Rear aspect.
Office 3: 14' 8” (4.47m) max. x 10' 3” (3.12m) max. Door to:-
Store: Access via ladder to Attic Storage over.
Staff Room/Kitchen: 11' 3” (3.43m) max. x 10' 6” (3.20m) max. Side and rear aspects. Worktops with integrated double stainless-steel sink with cupboards under. Door leading to rear yard.
Cloakroom: 5' 6” x 3' 8” (1.68m x 1.12m). Obscured window. Hand-basin. W.C.
(According to the Government Valuation Office Agency's Rating Assessment, the ground floor accommodation has a floor area of approximately 73 square metres, including the Staff Room/Kitchen, but excluding the Stores.)

FLAT 1 (FIRST FLOOR)
Bedroom/Sitting Room: 19' 7” x 13' 10” (5.96m x 4.21m). Three windows with front aspect. Fitted carpet. Television aerial socket.
Kitchen: 16' x 11' 5” (4.87m x 3.48m). Rear aspect. Walls part tiled. Worktops with inset stainless-steel sink and with drawers and cupboards under. Wall-mounted cupboards. Wall-mounted “Glow-worm” gas-fired boiler serving central heating and hot water. Radiator.
Inner Hall: Fitted carpet. Built-in storage cupboard. Storage heater.
Bathroom: 8' 1” x 7' 6” (2.46m x 2.28m). Obscured glazed window and skylight. Panelled bath. Hand-basin. Close-coupled W.C. Radiator.

FLAT 2 (SECOND FLOOR)
Landing:
Hall: 8' 5” x 3' (2.56m x 0.91m) plus 4' 7” x 3' 9” (1.40m x 1.14m). Built-in cupboard.
Lounge: 16' x 11' 5” (4.88m x 3.48m). Rear aspect. Fitted carpet. Heater.
Kitchen: 7' 5” x 7' 2” (2.26m x 2.18m). Rear aspect. Walls part tiled. Worktops with inset sink and with drawers and cupboards under. Wall-mounted cupboards.
Bedroom: 13' 10” x 11' 5” (4.22m x 3.48m). Front aspect. Fitted carpet. Heater.
Bathroom: 9' 3” x 7' 7” (2.82m x 2.31m). Obscured window. Walls part tiled. Panelled bath. Hand-basin. W.C.

OUTBUILDINGS & GARDENS
Rear Yard (accessed from the shop) with Two Brick-built Stores.

TENURE
We are informed by the Vendor that the property is freehold.
Both flats are let on Assured Shorthold Tenancies. The current rent of both Flats 1 and Flat 2 is £450.00 per calendar month.

The shop is let on a lease expiring in November 2021 at a rent of £15,500 per annum.
SERVICES
It is understood that all mains services are either connected, or are available for connection to the property.

COUNCIL TAX & BUSINESS RATES
Payable to Peterborough City Council.
Shop Rateable Value: £11,750.
Council Tax: Both Flats are assessed as Band 'A'.

VIEWINGS
Viewing is only by prior arrangement through this Agency.

NOTES
None of the appliances or services have been tested and prospective purchasers must satisfy themselves that they are in working order. The floor plans included in these particulars are intended as an approximate guide only and their accuracy is not guaranteed.

The Agents for themselves and for the owner of this property hereby give notice that: (1) These particulars do not in any way constitute an offer or a contract; (2) Any intending purchasers/tenants must not rely on the statements made in these particulars as representations of fact, but must satisfy themselves by inspection or otherwise as to their correctness as they are made without acceptance of any responsibility on the part of the Agents or the owner; (3) No representation whatever in relation to this property is made or given by the Agents or the owner, nor has any person in their employment any authority to make or give any such representation or warranty.