Land for sale

LOCATION
The premises is situated directly off Redmoor Lane, on the southern outskirts of Wisbech. The site is just a short distance from the A47 with links to King's Lynn and Peterborough.

DESCRIPTION
A former Drainage Board Equipment Store set in a total of approximately 0.2 Acre, as shown on the attached plans. The building is timber-frame with part block, part corrugated metal sheet walls, a fibre cement sheet roof and a concrete floor. There is a roller shutter door and full height double timber doors which lead onto a concrete forecourt. To the north of the building is a further area of concrete and hardcore, providing ample off-road parking.

The property is accessed directly off Redmoor Lane. Historically, the concrete access which lies to the west of the property has been used to access it, however this is under separate ownership and is not included in the sale.

ACCOMMODATION
Warehouse 9.4m x 7.4m
Store 1.7m x 1.1m

Stairs to First Floor Office 2.2m x 1.5m

Store 3.4m x 2.5m
Kitchenette/WC

SERVICES
It is understood that mains electricity and water are connected, drainage is non-mains.

TERMS
The property is offered for sale as seen by online auction at a guide price of £10,000 - £20,000 + VAT on 22nd November 2021.

The Auction Information and Legal Pack will be available for inspection during the 14 days prior to the Auction. Digital copies of this pack will be available for distribution via email to interested parties. Once the auction is concluded, contracts will unconditionally exchange with completion on or prior to 20th December 2021. The successful Purchaser will be required to pay 10% of the purchase price with the balance upon completion. The Purchaser will also be required to reimburse the Vendor for the cost of searches together with an administration fee of £300 including VAT.

Vendor's Solicitor: Hunt & Coombs Solicitors, 4 New Street, Oundle, PE8 4ED
Telephone:[use Contact Agent Button]

OUTGOINGS
Rateable Value (2017 List): £3,100
Small Business Multiplier (2020/21): 49.9p in the £

The property may be eligible for the Small Business Rates Relief, interested parties are advised to make their own enquiries of Fenland District Council.

VAT
The property has been elected for VAT therefore, VAT at the prevailing rate is payable in addition to the purchase price.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred in the Sale, however, the Purchaser will be required to reimburse the Vendor the cost of searches. The amount will be declared in the Auction Information and Legal Pack.

PLANNING
The property was constructed in 1977 and has been used for the storage of equipment and machinery for use by the Hundred of Wisbech Internal Drainage Board. This use ceased in December 2016.

On 13th July 2021, prior approval for demolition and conversion of a 3-bed 2-storey dwelling was refused by Fenland District Council (planning reference: F/YR21/0571/PN20ZA).

Interested parties are advised to make their own enquiries of Fenland District Council Planning Department as to their intended use of the property.

VIEWING
Block viewings will be organised by the Agent.