Beales | Park Rd
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Beales Park Rd
151,356 SF Retail Building Peterborough PE1 2TA For Sale
Investment Highlights
- Prominent city centre department retail store (Beales)
- Offers are invited for the freehold interest on an unconditional basis
- Consented residential redevelopment opportunity
- Property extends to approximately 1.5 acre (0.6 ha)
Executive Summary
The Property comprises the former Beales Department Store which extends to a Gross Internal Area of approximately 151,356 sq ft on a
plot measuring approximately 0.6 ha (1.5 acres).
The Property has a prominent corner location on the north side of Westgate directly opposite the northern entrance to Queensgate Shopping Centre. The property also has retail frontage to Park Road and North Street.
The Property was constructed in the mid 1880 ’s and has been extended and converted over the last 40 years to most recently become a fully
integrated department store.
The building is arranged over part basement, ground, first and part second floor.
Until 2011 the premises had been occupied by Anglia Regional Cooperative Society who changed ownership to Beales Department Store. Part of the ground floor is currently let on a short term flexible licence to ‘Kettle Home’.
Externally the property includes a limited amount of onsite car parking in the rear car park/loading area but is adjacent to a large pay display car
park, along with various other nearby car parks.
Viewings
Strictly by appointment with the sole agents.
Terms
Offers are invited for the freehold interest on an unconditional basis. Offered by way of informal tender. Bid deadline to be confirmed in due course.
plot measuring approximately 0.6 ha (1.5 acres).
The Property has a prominent corner location on the north side of Westgate directly opposite the northern entrance to Queensgate Shopping Centre. The property also has retail frontage to Park Road and North Street.
The Property was constructed in the mid 1880 ’s and has been extended and converted over the last 40 years to most recently become a fully
integrated department store.
The building is arranged over part basement, ground, first and part second floor.
Until 2011 the premises had been occupied by Anglia Regional Cooperative Society who changed ownership to Beales Department Store. Part of the ground floor is currently let on a short term flexible licence to ‘Kettle Home’.
Externally the property includes a limited amount of onsite car parking in the rear car park/loading area but is adjacent to a large pay display car
park, along with various other nearby car parks.
Viewings
Strictly by appointment with the sole agents.
Terms
Offers are invited for the freehold interest on an unconditional basis. Offered by way of informal tender. Bid deadline to be confirmed in due course.
Property Facts Sale Pending
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
151,356 SF
Building Class
B
Year Built
1885
Tenancy
Single
Building Height
2 Stories
Building FAR
1.58
Lot Size
2.20 AC
Parking
30 Spaces (0.2 Spaces per 1,000 SF Leased)
Frontage
388 ft on Park Rd
Amenities
- Energy Performance Rating - D
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Nearby Major Retailers
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Beales | Park Rd
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