Commercial Property in Upwell available for sale
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Commercial Property for Sale near Upwell, Wisbech

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Commercial Properties for Sale Within 5 miles of the Upwell, Wisbech

More details for 108 Norfolk St, Wisbech - Retail for Sale

108 Norfolk St

Wisbech, PE13 2LD

  • Retail for Sale
  • £295,000
  • 3,213 sq ft

Wisbech Retail for Sale

Investment Consideration: VAT is NOT applicable to this property Comprises two retail shops at ground floor and three self-contained flats above Located within the heart of Wisbech, which is the third largest town in Cambridgeshire Property Description: Comprises two ground floor shops and three self-contained flats, providing the following accommodation and dimensions: Shop No. 108: 35 sq m (377 sq ft) Open plan retail, Storage, WC Takeaway No. 108a: 157 sq m (1,690 sq ft) Open plan retail, Storage, WC Flat 1 (108b): 43 sq m (463 sq ft) Flat 2 (108b): 34 sq m (366 sq ft) Flat 3 (108b): 24 sq m (258 sq ft) Total Retail Area: 192 sq m (2,067 sq ft) Total Residential Area: 101 sq m (1,087 sq ft) Tenancy: Shop No. 108 is at present let to CDS Labour (Group UK) Ltd for a term of 6 Years and 11 Months from 28th May 2024 at a current rent of £6,600 p.a. and the lease contains full repairing and insuring covenants. No breaks. Rent review on 28.05.2027 open market upward only. Deposit held of £1,100. Shop No. 108a is at present let to Individuals for a term of 3 years from 1st August 2023 at a current rent of £6,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 1st August 2024 open market upward only. Deposit held of £1,000. Flat 1 (No. 108b) is at present let on an AST to an Individual for a term of 12 months from 29th November 2023 at a current rent of £6,300 p.a. Deposit held of £525. Flat 2 (No. 108b) is at present let on an AST to an Individual for a term of 12 Months from 10th August 2023 at a current rent of £5,760 p.a. Deposit held of £480. Flat 3 (No. 108b) is at present let on an AST to an Individual for a term of 12 months from 31st May 2024 at a current rent of £6,000 p.a. Deposit held of £500. Location: Wisbech is the third largest town in Cambridgeshire, after Cambridge and St Neots. The property is situated on the west side of Norfolk Street, to the north of its junction with St Peter’s Road. Located within the heart of Wisbech, it benefits from easy access to a range of facilities.

Contact:

Blue Alpine Partners Ltd

Date on Market:

07/05/2020
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LoopNet UK Cambridgeshire Wisbech Commercial Properties For Sale in Upwell, Wisbech, UK

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FAQs about Commercial Properties For Sale in Upwell

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How many Commercial Property listings are available for sale in Upwell?
There are currently 1 Commercial Properties available for sale near Upwell. These Upwell Commercial Property listings have an average size of. The largest available listing in Upwell is. The thriving commercial centre and excellent transport links in Upwell make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Upwell?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in Upwell currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in Upwell?
There is a diverse range of commercial properties available in Upwell to suit various business needs. Upwell offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 1 Upwell commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the Upwell, Wisbech

Market Overview for Commercial Properties in Upwell

Key information for Commercial Properties investors in Upwell and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Wisbech £95 8,909 sq ft
Downham Market £101 14,140 sq ft
Gedney £38 4,759 sq ft
Wimblington £23 11,068 sq ft
March £109 1,136 sq ft

Rental Price Trends in Upwell

The price per square foot range for Commercial Properties in Upwell and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Wisbech £30 £95 £426
Downham Market £82 £101 £120
Gedney £38 £38 £38
Wimblington £23 £23 £23
March £59 £109 £159

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Upwell area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Wisbech 1,011 sq ft 8,909 sq ft 36,170 sq ft
Downham Market 3,500 sq ft 14,140 sq ft 24,780 sq ft
Gedney 4,759 sq ft 4,759 sq ft 4,759 sq ft
Wimblington 11,068 sq ft 11,068 sq ft 11,068 sq ft
March 678 sq ft 1,136 sq ft 1,593 sq ft

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