, 36 Cowgate, Peterborough, PE1 1NA | Property for sale | Savills
3,562 sq ft(330.92 sq m)
Offers in the region of £600,000

36 Cowgate, Peterborough, PE1 1NA

  • Under offer
Investment
3,562 sq ft (330.92 sq m)

Key features

  • City centre location
  • Fully let restaurant over two floors and 2x two-bedroom flats above
  • Suitable for a range of other uses in due course (subject to planning)
  • Current net income of £36,800 per annum
  • Rarely available retail freehold with scope to 'add value'
  • Potential income in excess of £50,000 per annum
  • EPC Ratings: B & C

Investment opportunity in Peterborough city centre.

About this property

  • Description
    The property comprises a 4 storey building of brick construction, with a restaurant on the ground and first floors and two flats let on AST's on the second and third floors. The restaurant (Embe Soul Food) is currently paying a rent of £20,000 per annum, with the lease due to expire in April 2024, however the tenant is keen to renew for another 5 years (unbroken) - rent to be agreed. The two large flats above each have a combined rental income of £1,400 per calendar month (£16,800 per annum) - again the rent is to be negotiated upon renewal. Subject to planning, there is scope to add further residential units.

    Viewings
    Strictly by appointment with the sole agents.

    Terms
    The property is available for a sale freehold. Guide price of £600,000.

Local information

  • Peterborough is a cathedral city in Cambridgeshire, 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. The city has excellent rail with the fastest journey time to London’s Kings Cross St Pancras being approximately 45 minutes. is conveniently located in Peterborough city centre close to the Queensgate roundabout.
  • Cowgate is one of the main thoroughfares in and out of the city centre. Nearby occupiers include Kall-Kwik, The Drapers Arms (Wetherspoons) and various estate agents including Connells , William H Brown, and City & County. More recently, Cowgate has seen the arrival of a range of restaurants and bar venues in recent years.

Available space

Namesq ftsq m
Ground - Floor restaurant1,02094.76
Ground - Floor Store726.69
1st - Floor restaurant72867.63
2nd - Floor Flat87681.38
3rd - Floor Flat86680.45