Summary - 1, GROVE STREET PE2 9AG
1 bed 1 bath Warehouse
Substantial freehold site with redevelopment potential close to Peterborough centre.
- Detached industrial/workshop unit, 3,460 sq ft (321.48 sq m)
- Secure gated front yard for parking and outdoor storage
- First-floor offices to the front with multiple windows
- Large roller shutter door and separate personnel entrance
- Gas blower heating; LED and fluorescent lighting installed
- Outline planning for six one-bed flats; change-of-use to car showroom granted
- EPC to be confirmed; buyers should budget for compliance works
- Area shows high crime and social deprivation; verify security needs
A substantial detached workshop offering 3,460 sq ft of flexible industrial space and a secure gated forecourt. The building includes first-floor offices, a large roller shutter door, gas blower heating and a mix of LED and fluorescent lighting, making it immediately usable for trade, storage or light manufacturing.
The site has recent planning history: an outline application for six one-bedroom flats (all matters reserved) and a separate change-of-use application for a car sales/showroom with external works. These permissions indicate redevelopment potential, but interested parties should verify the status and constraints with the local planning authority before relying on them.
Practical considerations: the area records higher crime and local deprivation levels, and the EPC is not yet confirmed. Business rates are currently assessed at a RV of £17,250 (2025/26). The freehold price is offered at £300,000; purchasers should allow for VAT implications, legal costs, and any refurbishment or compliance work required for change of use or modern tenant fit-out.
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