28 St. Leonards Street, Stamford, PE9 2HL

Substantial brick built building occupying a prominant corner location comprising two lock up shops on the ground floor and a self-contained flat over both ground and first floor.

Location - Stamford is a prosperous, historic market town renowned for its many listed, stone buildings and popular with tourists, visitors and shoppers. The town is located adjacent to the A1 with Peterborough approximately 12 miles to the south east, Corby 16 miles to the west and Grantham 22 miles to the north.

Description - This substantial brick built building occupies a prominant location at the corner of St. Leonard's Street and Brazenose Lane, only a short walk from the town centre. The building comprises two lock up shops on the ground floor and a self-contained flat over both ground and first floor.

The larger of the two shops has a frontage onto both St. Leonard's Street and Brazenose Lane, whilst the smaller shop has a frontage to Brazenose Lane. Both shops share a W.C which is located between them. The flat is accessed of Brazenose Lane and comprises a gally kitchen on the ground floor, two bedrooms, a bathroom and a sitting room on the first floor. The flat benefits from a small 'sun terrace' on the roof at the rear.

Accommodation - The premises have been measured in accordance with the RICS code of measuring practice on a net internal floor area basis.

Tenancies - 28 St Leonard’s Street
Sold with vacant possession.

Brazenose Lane
This is let to a private individual at a rent of £300 per calendar month. No tenancy agreement is in place. We understand that the tenant has been in occupation for over 10 years.

1A Brasenose Lane
This flat is let to a private individual on an Assured Shorthold Tenancy which commenced on the 1st October 2009. The lease is now holding over at a current rent passing of £545 per calendar month.

Services - We understand that mains electricity, water and drainage are connected to all parts of the building and gas is connected to 1a Brazenose Lane. None of the heating systems or any other plant and equipment have been tested by Richardson and prospective purchasers must rely on their own investigations.

Business Rates / Council Tax - From enquiries made to the Valuation Office website we understand that the following assessment applies:

Term - The entire property is for sale freehold subject to leases, at a price guide of £275,000.

Epc - Energy rating in respect of the ground floor is D.

Energy rating in respect of flat 1A Brazenose is D61.

Vat - We understand that VAT will not be charged.

Legal Costs - Each party to bear their own legal costs incurred in the transaction.

Viewing - For an appointment to view or further information please contact -
Charlie Burrows t: e:
Andrew Leech t: e: