Summary - Oasis Grill Bar,Unit 1 Mount Pleasant Trading Estate,Mount Pleasant Road,WISBECH,PE13 3FF PE13 3FF
1 bed 1 bath Commercial Property
Scale asset with planning upside for active investors seeking re-let potential.
- Very large freehold commercial estate, c.2,088.6 m² (22,464 sq ft)
- Part occupied with passing rents; several units vacant or under construction
- Planning consent granted for café/restaurant and mezzanine (Ref F/YR21/1172/F)
- Potential gross initial yield around 9.3% if fully let
- Service charge very high at £18,000 per year
- Located in area with very high crime and very high deprivation
- Medium flood risk; buyers should model insurance costs
- Slow broadband; excellent mobile signal
This substantial freehold on Mount Pleasant Trading Estate offers a large mixed commercial asset across Units 1 and 3A, totalling approximately 2,088.6 m² (22,464 sq ft). Several units are occupied with passing rents, while a number remain vacant or under construction, creating clear short-term income uplift potential. Planning consent exists for part change of use to café/restaurant and associated works, adding flexibility for alternative income streams or occupier use.
The estate sits in an industrial pocket of Wisbech with good road access to the A47 and nearby towns. On-site parking and loading areas suit trade occupiers; mains services are understood to be connected. The vendor occupies some elements and vacant possession can be negotiated for those parts, which may assist redevelopment or re-letting plans.
Buyers should weigh the asset’s prospects against real constraints: the neighbourhood records very high crime, very high deprivation and a transitional Eastern European renter profile. Broadband speeds are slow, flood risk is medium and a significant service charge (£18,000) applies. The property is elected for VAT and such costs will affect purchase and rental assumptions.
For an investor with appetite for active asset management, this building offers scale, planning flexibility and tangible re-letting opportunities to drive a higher yield. It will suit purchasers prepared to manage refurbishment, security improvements and marketing to local and regional occupiers to realise value.
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