2 Cowgate
Peterborough PE1 1NA
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Heavy daytime footfall
- Situated in the heart of Peterborough's City Centre
- Great local amenities
EXECUTIVE SUMMARY
Freehold offers in excess of £1,500,000 The property is located in the heart of Peterborough's City Centre. A stone's throw away from Peterborough train station, Queensgate and Westgate Shopping Centres. Other nearby operators include Park Inn by Radisson, Cote, McDonald's, Burger King, Nando's, Turtle Bay, The Banyan Tree, Five Guys, Frankie & Benny's, KFC,Ishtar Lounge, Peterborough Museum & Art Gallery, Middletons Steakhouse & Grill and The Pizza Parlour. Residential Flats: There are two residential flats (both with separate access). One of which is sublet at £10,000 pa, the other of which is vacant. Smart Move Estate Agents: Sublet at £10,000 pa until July 2031, with the 2021 rents review still outstanding.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
3,410 SF
Building Class
B
Year Built
1900
Price
£1,500,000
Price Per SF
£439.88
Net Initial Yield
7%
NOI
£105,000
Tenancy
Single
Number of Floors
1
Frontage
34 ft on Cowgate
