PE19 6 Longsands Parade, St. Neots

Ground Floor Retail Premises held on 2000 Year Lease

Shop Trading as a Hairdresser on 15 Year FRI Lease Expiring 13/09/2027

New Lease for 15 Years under Negotiation

Passing Rental of £20,000 Per Annum

Ground Floor Retail Premises held on 2000 Year Lease with Long Leasehold Flat Above

Shop Trading as a Hairdresser on 15 Year FRI Lease Expiring on 13th September 2027

Passing Rental of £20,000 Per Annum

Long Leasehold Retail Investment

Detailed Description

The property comprises a long leasehold retail unit with residential flat above and is located within a neighbourhood shopping complex; Longsands Parade which fronts Longsands Road which connects to Cambridge Street providing direct access to St Neots High Street. Adjacent occupiers include NISA Local and food operators. The end of terrace shop is currently trading as a hairdresser and provides reception, salon area, rear storage and a staff room.

Facilities include electric heating, fluorescent lighting, kitchenette and WC's.

Customer parking is available to the front of the property. Access to the rear is via an adjacent driveway which provides access to staff parking.

Ground Floor Retail Premises held on 2000 Year Lease

Shop Trading as a Hairdresser on 15 Year FRI Lease Expiring 13/09/2027

New Lease for 15 Years under Negotiation

Passing Rental of £20,000 Per Annum

St Neots is the largest town in Cambridgeshire located on the banks of the River Great Ouse with over 32,500 of the population living within the urban area. When feeder communities which rely on St Neots as a hub for services are considered, the catchment population is estimated to be more than 80,000. Furthermore, Cambridgeshire has the highest County growth rate in the UK and St Neots has the fastest rate of population growth within the County.

Benefiting from 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 (A1/M1 link) in 1997 has also significantly improved accessibility to the Midlands and the North West.

The town has a good range of shopping facilities with many national multiple retailers represented, including Boots, Waitrose, Fat Face and a Marks & Spencer Simply Food. There are a range of smaller retailers and St Neots also benefits from a six screen cinema (Cineworld) and restaurants including Pizza Express.