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42 Broadway 4,665 SF Retail Condo Unit Offered at $770,210 in Peterborough PE1 1RS
INVESTMENT HIGHLIGHTS
- The property is arranged on basement, ground and first floors
- Total accommodation of approx. 433.4 sqm (4,665 sq ft)
- Entirely let to 555 Cocktail Bar Ltd on a lease expiring 2032
- A short walk from Queensgate Shopping Centre and Cathedral Square
EXECUTIVE SUMMARY
The property is of masonry construction and arranged over basement, ground and first floor, combining to make 4,665 SF of retail space. Located in the vibrant city centre of Peterborough, and a short walk from Queensgate Shopping Centre and Cathedral Square.
PROPERTY FACTS Sale Pending
| Total Building Size | 12,640 SF | Floors | 4 |
| Property Type | Retail (Condo) | Typical Floor Size | 5,825 SF |
| Property Subtype | Bar | Year Built | 1910 |
| Building Class | B |
| Total Building Size | 12,640 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Bar |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 5,825 SF |
| Year Built | 1910 |
AMENITIES
- 24 Hour Access
- Signage
- Storage Space
- Smoke Detector
1 UNIT AVAILABLE
Unit 1
| Unit Size | 4,665 SF | Sale Type | Investment |
| Price | $770,210 | Tenure | Freehold |
| Price Per SF | $165.10 | Sale Conditions | Auction Sale |
| Condo Use | Retail |
| Unit Size | 4,665 SF |
| Price | $770,210 |
| Price Per SF | $165.10 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Conditions | Auction Sale |
DESCRIPTION
The property comprises a cocktail bar arranged over basement ground and first floors. Located in Peterborough's vibrant city centre the property is surrounded by a range of national and independent occupiers including bars, restaurants and nightclubs. The property benefits from strong evening and weekend footfall.
SALE NOTES
The opportunity to purchase the freehold of this property is available for £575,000. The property is entirely let to 555 Cocktail Bar ltd on a 7 year lease expiring in 2032. The current rent is £66,000 p.a. and there is a rent review in 2028.
NEARBY MAJOR RETAILERS
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42 Broadway
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