Saint Ives is a bustling and prosperous historic Cambridgeshire town situated on the River Great Ouse. The town is located approximately 13 miles (21 km) north west of Cambridge, 5 miles (8 km) east of Huntington and 65 miles (105 km) north of London.

The town has good road communications with the A14 being located 2 miles south of the town and providing a dual-carriageway route to the M11, A1 and M1/M6. Currently the A14 is being upgraded between Huntington and Cambridge. There are mainline railway stations at Huntingdon and Cambridge, providing journeys to London Liverpool Street, Kings Cross and St Pancras International with the fastest journey time being approximately 1 hour.

In addition, Saint Ives is approximately 17 miles (27 km) south east of Cambridge Airport and 44 miles (71 km) north east of Luton Airport.
Saint Ives benefits from a busy market every Monday and Friday and there is a farmers market on the first and third Saturday every month. Saint Ives also holds a variety of food and drink festivals and continental markets throughout the year.

The property has been measured by BKR Floor Plans and provides the following Net Internal Areas:

The measured survey report is available to download and will be re-addressed to a purchaser at a cost of £295 + VAT.

The property is let to P.G. Lane and D.D Lane t/a Peter Lane & Partners on a full repairing and insuring basis for a term of 25 years from 15th December 1994. The lease expired on 14th December 2019 and the tenant is currently holding over. The tenant has now served a Section 27 Notice to Quit and will be vacating the property on 13th June 2020. As the property is Grade II listed, a buyer would not be liable for empty business rates.

The current passing rent is £25,000 per annum which based on our analysis equates to £55 Zone A.

A new lease was agreed with the current tenant at a rent of £28,000 per annum, however the tenant has since decided not to renew.

We are instructed to seek offers in excess of £300,000 (Three Hundred Thousand Pounds), subject to contract, for our clients’ freehold interest. A purchase at this level would reflect a net initial yield of 8.07%, assuming purchasers’ costs of 3.30%.

Please note that a purchaser will be re-charged the cost of searches and surveys which are provided in the data room.

Please note a purchaser will be charged a Transaction Fee of £3,000 + VAT.

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