Savills, on behalf of a private client, has successfully completed the off-market acquisition of 55 – 57 Bridge Street, Peterborough, and has subsequently been re-instructed to market the property for leasing with one of the two retail units currently under offer.
The property comprises a double-fronted retail building extending over three floors and offering a total of 3,400 sq ft of retail space, 1,700 sq ft of this is under offer. It has been split into two rental units and benefits from rear loading and delivery access, an EPC rating of C and potential for a range of uses, subject to planning.
55–57 Bridge Street occupies a position within Peterborough city centre on one of the city’s principal pedestrianised thoroughfares, linking the city centre with Queensgate Shopping Centre, Rivergate and Fletton Quays.
Nearby occupiers include B&M, The Works, Mountain Warehouse, Waterstones, Specsavers, British Heart Foundation and Oxfam, while Peterborough Town Hall, Peterborough City Council offices and the Peterborough Market Food Hall are also located on Bridge Street.
The property is available to let on terms to be agreed at a quoting rent of £48,000 per annum.
Comments
James Anderson, associate, commercial agency team at Savills Peterborough, said: “This is a prominent city centre asset and the early interest we have received, resulting in one unit already being placed under offer, demonstrates the continued demand for well-positioned retail accommodation in Peterborough city centre.
“We are actively seeking occupiers for the remaining space and expect further interest given the property’s visibility, flexibility and strong surrounding occupier mix.”
Image: Savills
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