Summary - 30 High Street,WISBECH,PE13 1DE PE13 1DE
1 bed 1 bath Commercial Property
Prominent mixed-use block delivering immediate rental income and redevelopment upside.
Large freehold mixed-use building with ground-floor retail and three one-bed flats
Current passing rent £25,500 pa with annual increases agreed for two years
Prominent High Street frontage near free car park and strong pedestrian flow
Scope (STP) to create a second bedroom in the large second-floor flat
Located in a Conservation Area — planning constraints likely for alterations
Area classified as very deprived with a very high local crime rate
Sold subject to existing leases — investment with immediate income
Small plot and mid-20th century interior; some maintenance/repair likely required
A substantial freehold building on Wisbech High Street offering combined commercial and residential income in a prominent town-centre position. The ground-floor commercial unit is presently let as a sandwich bar, with three separate one-bedroom flats above producing immediate rental income and recent rent increases. The location benefits from high pedestrian traffic, nearby car parking and a long Georgian High Street frontage that attracts local trade.
Income and redevelopment potential sit side-by-side: current passing rents total £25,500 pa with scheduled increases, and there is scope (STP) to reconfigure the large second-floor flat to create a second bedroom. The property is sold subject to existing leases, so it suits a buyer seeking an investment with immediate cashflow or a hands-on investor wanting to add value through consenting works.
Buyers should note material local factors: the area is classified as very deprived with a very high crime rate and constrained neighbourhoods/local renters profile. The property lies within a Conservation Area, which may restrict external alteration and change of use. The plot is small and the building is mid-20th century internally; some parts will likely need on-going maintenance and landlord oversight.
Practical points: mains gas, water, electricity and drainage are understood to be connected. The commercial unit has a modest 2024 rateable value and may qualify for Small Business Rates Relief depending on tenant circumstances. The property is not elected for VAT at present but VAT may become payable if the transaction becomes a taxable supply.
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