PE19 30/30A High Street, St Neots

The property comprises a three storey building let in two parts. 30 High Street is a ground floor retail unit of 123.32 sq m (1,327 sq ft). 30a High Street comprises a first-floor unit with ancillary storage on the second floor and accessed via a separate doorway fronting the High Street adjacent to the shop front of No. 30.

The retail unit (No. 30) is let to Age UK on a 15 year lease from 29th September 2011 and expiring on 28th September 2026. However, there is a mutual Option to Break on the 29th September 2021 and the tenant has served notice to end the lease on this date. The passing rent is £21,000 per annum.

30a is let to Mr A Sturniolo trading as Bianco, on a 4 year lease from 24th June 2017 ending 23rd June 2021. An extension to the term is currently being agreed. The passing rent is £5,000 per annum.

St Neots is a rapidly expanding town located on the banks of the River Great Ouse with a population of over 32,500 residents. Adjoining and nearby settlements such as Little Paxton, increase the population figure to c. 40,000. The retail catchment is estimated to be in excess of 80,000. St Neots has the fastest rate of population growth within the County. Benefiting from its rail links to London Kings Cross (typical journey time of 50 minutes), the town has seen a considerable expansion of its commerce and industry in recent years. It also enjoys excellent road communications with London and the east coast ports, being located at the intersection of the A1 trunk road and the A428/A421 Cambridge - Bedford M1 - Milton Keynes route. The opening of the A14 and A428 dual carriageways have significantly improved accessibility to the Midlands and the North West. The town has a good range of shopping and leisure facilities with many national multiple retailers represented, including Boots, Waitrose, Fat Face, Marks & Spencer Simply Food Waterstones and Argos. There are a range of interesting smaller retailers and. St Neots also benefits from a six screen cinema (Cineworld) with numerous restaurants including Pizza Express.