Summary - Market Square, St. Neots, Cambridgeshire, PE19 2AF PE19 2AF
1 bed 1 bath Shop
Large mixed-use town-centre property with vacant maisonette and leased retail income.
Prominent Market Square frontage with high pedestrian visibility
Ground-floor shop let to Paddy Power until October 2026 (15-year lease)
Current commercial rent £17,500 pa — modest for size
Maisonette described as four bedrooms; vacant possession on completion
Total internal area circa 2,888 sq ft — substantial town-centre footprint
Potential for sub-division or reconfiguration, subject to planning (STP)
Medium flood risk and higher local crime statistics — assess mitigation
Tenure unknown; full lease and title checks recommended
A prominent mixed-use building on St. Neots Market Square, this Georgian frontage combines a large ground-floor retail unit with substantial residential accommodation above. The ground-floor shop is let to Power Leisure Bookmakers Ltd (trading as Paddy Power) on a 15-year lease that began October 2011; the tenant currently pays £17,500 per annum. The lease term and rent level should be considered by buyers assessing income security and potential reversion.
The self-contained maisonette above is described as four bedrooms with separate living, kitchen and bathroom and will be sold vacant on completion, offering immediate landlord flexibility or owner-occupation. The whole property extends to approximately 2,888 sq ft and sits in a highly visible, high-footfall Market Square location with good pedestrian exposure and fast broadband and excellent mobile signal.
Opportunities include rental growth on lease expiry, re-gearing with the existing commercial tenant, or sub-division subject to planning (STP). Important practical considerations: the tenancy currently generates modest income relative to the asset size, the exact tenure is not specified, there is medium flood risk and the area records higher crime levels. No garden is provided and the property is in a town-centre terrace/flat context.
This will suit investors seeking a part-let town-centre asset with near-term residential availability, or a purchaser wanting a mixed-use building with redevelopment potential, subject to planning and local constraints. Buyers should budget for due diligence on lease specifics, potential refurbishment, and flood mitigation measures.
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