Savills, on behalf of Panther (VAT) Properties Limited, has completed the sale of the former Beales department store at Westgate House in Peterborough to a private developer for £4 million.
The city centre property extends to approximately 151,356 sq ft over approximately 1.5 acres and has detailed consent for 125 residential units and 9,106 sq ft of commercial/retail space.
The site occupies a prominent corner location on the north side of Westgate directly opposite Queensgate shopping centre, just a few minutes from the bus and train stations.
Edward Gee in the commercial agency team at Savills Peterborough, said: “This is an exciting sale for Peterborough as the prominent former Beales site is set for redevelopment which is much needed.
“We look forward to seeing the plans progress adding to the vibrancy within Peterborough city centre.”
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