Acquired
Wisbech – Pub & 3-Bed Flat
13 Norfolk Street, Wisbech PE13 2LDFreehold Vacant Pub with 3-Bedroom Flat & Plot of Land with Residential Block Development Potential
Investment Consideration
- Vacant possession
- ERV: £20,000 p.a. GIY: 8.89%
- VAT is NOT applicable to this property
- Grade II Listed building
- Comprises ground floor public house with 3-bedroom flat above and a vacant plot of land at the rear with development potential for residential block
- Planning previously approved (now lapsed) for erection of 3-storey block comprising 2 x 2-bed and 1 x 1-bed flats.
- Located next to Post Office, with occupiers nearby including JD Wetherspoon, Convenience Store and multiple takeaway shops.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises Grade II Listed public house with 3-bed owner`s accommodation and vacant plot of land at the rear with planning previously approved (now lapsed) for erection of 3-storey block comprising 2 x 2-bed and 1 x 1-bed flats.
The public house provides the following accommodation and dimensions:
Ground Floor: Open plan bar and seating area, storage, WCs
First Floor: 3 bedrooms, kitchen/living area, bathroom/WC
Total area size: 303 sq m (3,261 sq ft)
Development Potential: Planning Lapsed
Planning previously approved (now lapsed) for Erection of a 3-storey block of flats comprising 2 x 2-bed and 1 x 1-bed, providing the following accommodation and dimensions:
Ground Floor Flat: 2 Bedrooms, Open Plan Kitchen/Living Room, Bathroom/WC
First Floor Flat: 2 Bedrooms, Open Plan Kitchen/Living Room, Bathroom/WC
Second Floor Flat: 1 Bedroom, Open Plan Kitchen/Living Room, Bathroom/WC
The public house provides the following accommodation and dimensions:
Ground Floor: Open plan bar and seating area, storage, WCs
First Floor: 3 bedrooms, kitchen/living area, bathroom/WC
Total area size: 303 sq m (3,261 sq ft)
Development Potential: Planning Lapsed
Planning previously approved (now lapsed) for Erection of a 3-storey block of flats comprising 2 x 2-bed and 1 x 1-bed, providing the following accommodation and dimensions:
Ground Floor Flat: 2 Bedrooms, Open Plan Kitchen/Living Room, Bathroom/WC
First Floor Flat: 2 Bedrooms, Open Plan Kitchen/Living Room, Bathroom/WC
Second Floor Flat: 1 Bedroom, Open Plan Kitchen/Living Room, Bathroom/WC
Tenancy Description
The public house is at present vacant. ERV: £20,000 p.a.
Location Description
Wisbech is a market town, inland port and civil parish in the Fenland district in Cambridgeshire, England. The property is located next to Post Office, with occupiers nearby including JD Wetherspoon, Convenience Store and multiple takeaway shops.