Food and drinks retailer set to agree tenancy for former Post Office in Peterborough's Cowgate
and live on Freeview channel 276
A food and drinks operator is looking to move into the former Post Office in Peterborough’s Cowgate.
A tenancy agreement is close to being finalised with a food and beverage retailer, which is part of a national franchise, to trade from the premises at 28-30 Cowgate.
Advertisement
Hide AdAdvertisement
Hide AdThe building has been empty for eight years after the Post Office moved into Bridge Street.
The name of the operator has not yet been revealed.
Julian Welch, a director with property agents Eddisons in Peterborough, said: “We hope to have terms agreed in the next couple of weeks.
"The proposed tenant is a food and beverage retailer, part of a national franchise.”
At the same time, Mr Welch is close to concluding a sale of the entire block of 14 to 30 Cowgate on behalf of the freeholder.
Advertisement
Hide AdAdvertisement
Hide AdHe said: “We are in negotiations for a sale of 14-30 Cowgate as well as a letting of the former post office at 28-30.
"Terms of both the sale and the letting are confidential as negotiations still ongoing.”
The building 14 to 30 Cowgate – a space of about 11,000 square feet - has been marketed by Eddisons since September last year when the property went on the market with a price tag of £2.2 million.
At the time, Mr Welch said: “It’s a solid investment opportunity for the right investor.”
Advertisement
Hide AdAdvertisement
Hide AdHowever, news of the pending tenancy agreement will be a disappointment to Stilton Butchers owner James Morgan who days ago announced hopes of setting up a steakhouse restaurant in the former Post Office.
Comment Guidelines
National World encourages reader discussion on our stories. User feedback, insights and back-and-forth exchanges add a rich layer of context to reporting. Please review our Community Guidelines before commenting.