Shopfront Properties for sale in PE1

Commercial Property in PE1 available for sale

Find Shopfront for sale in PE1 that meets your business or investment goals

33 Westgate

Peterborough, PE1 1PZ

Retail for Sale
£2,650,000
10,911 sq ft

Energy Performance: C
Air Conditioning
24 Hour Access

Peterborough Retail for Sale

The property comprises a former bank premises which have been converted into two ground floor shops with 13 apartments above. The building is of traditional construction with a stone façade. The building has total site coverage. The property has been extensively refurbished and is in excellent condition. The ground floor consists of two shops, one retailing hairdressing products and the second being a chicken takeaway. To the east there is a separate entrance to the upper parts known as Walker House located on the first and second floors providing 13 apartments, 8 on the first floor and 5 on the second floor. Offers are invited in excess of £2,650,000 to show a gross initial yield of 8%. The property is elected for VAT and therefore will be sold as a TOGC. The two shops are let on rising rents as itemised in the Schedule of Income and Tenancies. The vendor will top up the difference between the rent passing and the headline rent, so that a purchaser has the benefit upon completion of a gross income of £213,200.

Contacts:

Savills

FHP Property Consultants

Property Subtype:

Shopfront

Date on Market:

24/07/2025

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2 Cumbergate

Peterborough, PE1 1YR

Retail for Sale
£375,000
1,005 sq ft

Security System

Peterborough Retail for Sale

LOCATION Peterborough is a cathedral city in Cambridgeshire in East Anglia with a population of 192,000 and is located 74 miles north of London, 34 miles northwest of Cambridge, and 41 miles east of Leicester. The city has excellent road communications, being located just off Junction 17 of the A1, and Peterborough train station is a principal stop on the East Coast mainline with a journey time to London Kings Cross of 45-50 mins. SITUATION Cumbergate is a pedestrianised street in the heart of the city centre which links Queensgate shopping centre with St Johns Square and Cathedral Square. It is adjacent to one of the entrances to Queensgate shopping centre and occupiers located nearby include Henry Smith & Hamylton Opticians, Tap & Tandoor, Turtle Bay, McDonald's, etc. DESCRIPTION The property comprises a ground floor retail unit with first floor storage/staff accommodation and is of modern construction with a new pitched, tiled slate roof. TENURE The property is held FREEHOLD subject to the existing occupational lease. OCCUPATIONAL LEASE The property is let to HASH Clothing Ltd by way of a 10 year full repairing and insuring lease from 6th November 2018 at a passing rental of £34,400 per annum with there being no further rent review until expiry on 5th November 2028. TENANT INFORMATION The tenant trades as NIRO and they have occupied the property since 1986. NIRO are a quality and upmarket menswear retailer who offer brands such as Giorgio Armani, Hugo Boss, Versace, D&G, Stone Island, Fred Perry, Carhartt, Scotch & Soda, and they have an extensive following throughout the Midlands and East Anglia together with an excellent online presence. The company’s latest accounts up to 31st July 2024 show a healthy cash at bank and in hand sum together with significant shareholders’ funds. EPC The property has an EPC rating of C. VAT The property is not registered for VAT. PROPOSAL We are instructed to seek £375,000 (three hundred and seventy-five thousand pounds). A purchase at this level will reflect a net initial yield of 8.75% after purchaser’s costs.

Contacts:

Rob Alston Retail Ltd

Eddisons

Property Subtype:

Shopfront

Date on Market:

20/07/2026

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45 Lincoln Rd

Peterborough, PE1 2RR

Retail for Sale
£435,000
1,331 sq ft

Peterborough Retail for Sale

The property is a three story mid- terraced building, currently in use as a hairdressers and beauty therapists. The ground floor comprises of an open plan retail area with reception counter and workstations. The first floor is a fully equipped hairdressing salon with up to 6 work stations, a wash basin, sink and prep area, front desk, flat roof/ private outside space, a W.C and waiting area. The second floor is newly refurbished with a waiting area, one large treatment room with basin and changing room and one smaller treatment room also with its own basin. The property is available for sale freehold with vacant possession at a price of £475,000. Alternatively the property is for sale as a fully furnished hairdressers going concern ,price to be negotiated.

Contact:

Richardson Surveyors

Property Subtype:

Shopfront

Date on Market:

20/01/2026

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Retail Properties for Sale Near the PE1

60 Westgate

Peterborough, PE1 1RG

Retail for Sale
Price Upon Request
1,345 sq ft

Peterborough Retail for Sale

The property occupies a prominent position fronting Westgate, one of Peterborough city centre’s principal retailing streets with street level access to the Queensgate Shopping Centre only moments away. This further enhances the strength of the retailing environment with Westgate already benefitting from strong levels of footfall, serving a wide catchment of local residents and visitors and is home to a mix of national and independent occupiers including Creams Café, Subway, Furniture Warehouse and The Banyan Tree. The surrounding area has seen continued investment and regeneration, with improvements to the public realm and ongoing residential and mixed-use development schemes reinforcing Peterborough’s role as a key commercial hub within the region. The city continues to attract occupiers and investment due to its strategic location and growing population. The property benefits from excellent transport connectivity, lying within a short walk of Peterborough Railway Station, which provides regular direct services to London King’s Cross (from approximately 50 minutes), as well as connections to Cambridge, Birmingham and the wider East of England. Numerous bus routes serve the city centre, providing extensive links across Peterborough and the surrounding areas. Road communications are strong, with the A1(M) located approximately 3 miles to the west, providing direct access to London, the Midlands and the wider motorway network. The A47 also offers east-west connectivity across the region. Together, these transport links ensure the property is well connected on both a regional and national level. Mixed use investment located on a busy shopping street in Peterborough city centre 60 Westgate comprises an attractive end-of-terrace, period building arranged over ground and two upper floors beneath a pitched roof. The property is of traditional brick construction with ornate stone detailing, featuring a distinctive façade with bay windows and strong architectural character. The property is configured to provide a prominent ground floor commercial unit with a central entrance fronting Westgate, benefitting from good visibility and branding opportunities. The ground floor provides a well-proportioned trading area with a fully fitted commercial kitchen together with an extraction system and cold storage to the rear. The upper parts have been converted to provide four self-contained one-bedroom flats, accessed separately from the ground floor commercial unit. The residential accommodation benefits from good levels of natural light and provides well-configured living space across the upper floors. The building occupies a prominent end-of-terrace position, enhancing visibility, and offers a well-balanced mixed-use investment with both commercial income and residential accommodation. Freehold Mixed use building comprising a restaurant at ground floor and 4 apartments on the first and second floors The restaurant unit is offered with vacant possession and includes a fully fitted commercial kitchen together with an extraction system and cold storage 4 residential apartments let on ASTs producing an income of £33,840 per annum Totalling 2,855 sq ft NIA over ground and two upper floors Located in prime city centre location close to the train & bus station, Queensgate Shopping Centre, Brewery Tap - Brewpub & Thai restaurant & Waitrose providing ample car parking Price on application The property is situated within the Peterborough City Council local authority area and sits within the Peterborough Central Conservation Area, but it is not listed.