Mixed use investment located on a busy shopping street in Peterborough city centre
Summary
- Freehold
- Mixed use building comprising a restaurant at ground floor and 4 apartments on the first and second floors
- The restaurant unit is offered with vacant possession and includes a fully fitted commercial kitchen together with an extraction system and cold storage
- 4 residential apartments let on ASTs producing an income of £33,840 per annum
- Totalling 2,855 sq ft NIA over ground and two upper floors
- Located in prime city centre location close to the train & bus station, Queensgate Shopping Centre, Brewery Tap - Brewpub & Thai restaurant & Waitrose providing ample car parking
- Price on application
Location
The property occupies a prominent position fronting Westgate, one of Peterborough city centre’s principal retailing streets with street level access to the Queensgate Shopping Centre only moments away. This further enhances the strength of the retailing environment with Westgate already benefitting from strong levels of footfall, serving a wide catchment of local residents and visitors and is home to a mix of national and independent occupiers including Creams Café, Subway, Furniture Warehouse and The Banyan Tree.
The surrounding area has seen continued investment and regeneration, with improvements to the public realm and ongoing residential and mixed-use development schemes reinforcing Peterborough’s role as a key commercial hub within the region. The city continues to attract occupiers and investment due to its strategic location and growing population.
The property benefits from excellent transport connectivity, lying within a short walk of Peterborough Railway Station, which provides regular direct services to London King’s Cross (from approximately 50 minutes), as well as connections to Cambridge, Birmingham and the wider East of England. Numerous bus routes serve the city centre, providing extensive links across Peterborough and the surrounding areas.
Road communications are strong, with the A1(M) located approximately 3 miles to the west, providing direct access to London, the Midlands and the wider motorway network. The A47 also offers east-west connectivity across the region. Together, these transport links ensure the property is well connected on both a regional and national level.
Get directions from Google Maps
Mainline Stations
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Peterborough4 mins
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Whittlesea108 mins
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Stamford (Lincs)213 mins
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March274 mins
Underground Station
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Broxbourne1122 mins
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Cheshunt1179 mins
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Theobalds Grove1191 mins
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Crews Hill1194 mins
Further Information
Price Price on application
Rates Payable Upon Enquiry
EPC Rating This property has been graded as C
Description
60 Westgate comprises an attractive end-of-terrace, period building arranged over ground and two upper floors beneath a pitched roof. The property is of traditional brick construction with ornate stone detailing, featuring a distinctive façade with bay windows and strong architectural character.
The property is configured to provide a prominent ground floor commercial unit with a central entrance fronting Westgate, benefitting from good visibility and branding opportunities. The ground floor provides a well-proportioned trading area with a fully fitted commercial kitchen together with an extraction system and cold storage to the rear.
The upper parts have been converted to provide four self-contained one-bedroom flats, accessed separately from the ground floor commercial unit. The residential accommodation benefits from good levels of natural light and provides well-configured living space across the upper floors.
The building occupies a prominent end-of-terrace position, enhancing visibility, and offers a well-balanced mixed-use investment with both commercial income and residential accommodation.
Planning
The property is situated within the Peterborough City Council local authority area and sits within the Peterborough Central Conservation Area, but it is not listed.
Tenure
The building is held freehold under title number CB119756. Copies of the title documents are available upon request.
EPC
The commercial unit has an EPC rating of C (66) with all the flats achieving ratings of D. Copies of the certificates are available upon request.
Data Room
Please contact Tydus Real Estate for access to the data room.
Anti-Money Laundering Regulations
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
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