Westgate House, Westgate, Peterborough, PE1 2TA | Property for sale | Savills
151,356 sq ft(14,061.43 sq m)
Price on application

Westgate HouseWestgate, Peterborough, PE1 2TA

  • Sale Agreed
Development land
151,356 sq ft (14,061.43 sq m)

Key features

  • Prominent city centre department retail store (Beales)
  • Consented residential redevelopment opportunity
  • Property extends to approximately 1.5 acre (0.6 ha)
  • Offers are invited for the freehold interest on an unconditional basis
  • Offered by way of informal tender - deadline to be confirmed
  • EPC Rating: D
  • Information pack available

Prominent city centre residential and commercial development opportunity

About this property

  • Description
    The Property comprises the former Beales Department Store which extends to a Gross Internal Area of approximately 151,356 sq ft on a
    plot measuring approximately 0.6 ha (1.5 acres).

    The Property has a prominent corner location on the north side of Westgate directly opposite the northern entrance to Queensgate Shopping
    Centre. The property also has retail frontage to Park Road and North Street.

    The Property was constructed in the mid 1880 ’s and has been extended and converted over the last 40 years to most recently become a fully
    integrated department store.

    The building is arranged over part basement, ground, first and part second floor.

    Until 2011 the premises had been occupied by Anglia Regional Cooperative Society who changed ownership to Beales Department Store. Part of the ground floor is currently let on a short term flexible licence to ‘Kettle Home’.

    Externally the property includes a limited amount of onsite car parking in the rear car park/loading area but is adjacent to a large pay display car
    park, along with various other nearby car parks.

    Viewings
    Strictly by appointment with the sole agents.

    Terms
    Offers are invited for the freehold interest on an unconditional basis. Offered by way of informal tender. Bid deadline to be confirmed in due course.

    Further Information
    The full Information Pack can be found in the online dataroom - details via the agents.

Local information

  • The Property is located in the heart of the City entre, directly opposite Queensgate Shopping Centre, on a prominent retail street in Peterborough and close to the proposed North Westgate redevelopment area. The Property is bound by Westgate, North Street and Park Road. To the north the Property borders a car park in separate ownership that is accessed from North Street and Geneva Street. The Property is situated a short walk from Peterborough train station and the Peterborough bus station.
  • Peterborough is situated in the heart of the East of England The city is located approximately 80 miles north of London, 77 miles east of Birmingham and 32 miles north of Cambridge.
  • Peterborough has become established as an important regional centre for commerce, industry, shopping, health, education and leisure.
  • Peterborough is a cathedral city with a traditional city centre and urban environs. The city’s population is in excess of 200 000 and has more than doubled since it was designated a new town in 1968 incorporating a master plan to develop four townships each with a full range of social and economic services. Peterborough is considered one of the fastest growing cities in the UK.
  • The city is located east of the A1(M), which is one of the principle north south links in England. The A47 also serves Peterborough which links west to the M1. The A14 is a short distance to the south, via the A1(M), and leads to the M11 and East Anglia. Peterborough is located on the East Coast Edinburgh to London rail line with the fastest journey time to London in less than 50 minutes. The cross country rail route between Norwich and Liverpool also passes through Peterborough. It is some 68 miles northwest of Stansted International airport.