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69 Oundle Rd 940 sq ft Retail Property Peterborough PE2 9PB £213,000 (£226.60/sq ft)
INVESTMENT HIGHLIGHTS
- Freehold development properties.
- No. 67 & No. 69 are available individually or together.
- Existing planning consent for residential developments.
- Private car park at rear.
- The unit is currently a shop with a flat above.
- Vacant posession.
- This unit may also benefit from a commercial unit on the ground floor.
- Close occupiers include Tesco Express, Nisa Local, Lidl and Coral.
EXECUTIVE SUMMARY
Unit 69 occupies a prominent position on both Oundle Road and Jubilee Street. Oundle Road is a busy retailing thoroughfare and connects at either end to Nene Parkway and London Road. Nearby occupiers include Tesco Express, Nisa Local, Lidl and Coral. Only a minutes walk to the West on Oundle Road is Guild House. Developers MJS are well advanced in the redevelopment of the building into 138 apartments which will dramatically improve the immediate location and provide footfall for the commercial units. The location allows for easy access into Peterborough city centre and the train station, being only a 10 minute walk away and also provides accessto the amenity of the Nene River only a short walk away.
FOR SALE: Mixed use property with planning consent for 2 apartments, with private car parking to the rear The adjoining property forms part of a terrace of buildings on the Northern side of Oundle Road. 69 Oundle Road currently comprises a ground floor commercial unit and a flat on the first floor. The commercial unit was previously a takeaway, benefitting from extract ductinng. The property benefits from existing utility services and 3 car parking spaces in the rear car park which is accessed from Jubilee Street.
Freehold development properties The unit is currently a shop with a flat above No. 67 & No. 69 are available individually or together Vacant posession Existing planning consent for residential developments This unit may also benefit from a commercial unit on the ground floor Private car park at rear Close occupiers include Tesco Express, Nisa Local, Lidl and Coral.
FOR SALE: Mixed use property with planning consent for 2 apartments, with private car parking to the rear The adjoining property forms part of a terrace of buildings on the Northern side of Oundle Road. 69 Oundle Road currently comprises a ground floor commercial unit and a flat on the first floor. The commercial unit was previously a takeaway, benefitting from extract ductinng. The property benefits from existing utility services and 3 car parking spaces in the rear car park which is accessed from Jubilee Street.
Freehold development properties The unit is currently a shop with a flat above No. 67 & No. 69 are available individually or together Vacant posession Existing planning consent for residential developments This unit may also benefit from a commercial unit on the ground floor Private car park at rear Close occupiers include Tesco Express, Nisa Local, Lidl and Coral.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront
Property Size
940 sq ft
Year Built
1947
Price
£213,000
Price per sq ft
£226.60
Tenancy
Single
Number of Floors
2
Plot ratio
0.72
Total Plot Size
0.03 ac
Frontage
13 ft on Oundle Rd
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Happ Na Na Cafe
- -
- -
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Happ Na Na Cafe | - | - | - | - |
1 1
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69 Oundle Rd
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