Leisure to let - The Old Still, Westgate Arcade, Peterborough, PE1 1PY
The Old Still, Westgate Arcade, Peterborough, PE1 1PY
Rent
£65,000 pa
Size
4,777 sq ft
Tenure
long leasehold
Listed
3 months ago
Property Description
<strong>Description</strong><br>The Old Still is a former brick-built public house arranged over two trading floors with a kitchen and WC's. The interior comprises a mixture of traditional and modern design. Fixtures and fittings are available, further details upon request.<br />
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Externally there is an enclosed rear seating area / beer garden.<br><br><strong>Specifications</strong><br>Fixtures and fittings available (kitchen / seating)<br />
External cover to rear<br><br><strong>Viewings</strong><br>By appointment only with the joint agents Savills (01733 344414), CBRE (George Radford - 07887 966671) and Time Retail Partners (Alice Deadman - 07525 952113).<br><br><strong>Terms</strong><br>The unit is available to let on terms to be agreed. Guide rent of £65,000 + VAT per annum. Long Leasehold value available on application<br><br><strong>Service Charge</strong><br>A service charge is payable to cover maintenance and security of common areas. The current annual amount is £48,336.<br><br><strong>Planning</strong><br>Interested parties are advised to make their own investigations the Local Planning Authority.<br><br><strong>Plans</strong><br>Floor plans available upon request.<br><br><strong>Anti-Money Laundering</strong><br>To comply with Anti-Money Laundering Regulations, proof of ID and address are required and confirmation of the source of funding will be required.<br><br><strong>VAT</strong><br>VAT will be charged in addition to the rent at the prevailing rate.<br><br><strong>Legal Costs</strong><br>Each party is to be responsible for their own legal costs incurred in the transaction.<br><br><strong>Business Rates</strong><br>The Valuation Office Agency website lists the property with a current rateable value of £54,000.<br><br><strong>EPC</strong><br>To be reassessed.<br><br>
Costs & rates
Rates payable
£54,000 p.a.
Total annual occupancy cost
Estimate only — confirm exact figures with the agent.
Rent
£65,000
Business rates
+ £54,000
Total per year
£119,000
≈ £9,917 / month≈ £24.91 / sq ft / year
Service charge not listed — ask the agent for the confirmed figure.