Watch new aerial view of historic Peterborough rail shed that has gone back up for sale with £250,000 price tag

Experts at commercial agents Tydus Peterborough have captured the exciting views of the Victorian former rail shed at Fletton Quays as they seek to market the landmark building.

The drone images reveal the state of the derelict building, which occupies a 0.55 acre site on the banks of the River Nene, and its position between a newly built set of apartments and the under-construction Whitworth Mill regeneration.

The building has been returned to the market by owners Peterborough City Council as it looks to dispose of the building it had hoped would be a food and beverages hall and be part of The Vine cultural and community hub.

But the council has insisted that all investors, not just those looking to turn the building into a food hall, should be invited to bid to buy the building.

Sophie Dickens, director of Tydus Peterborough, said: “We are excited to present The Goods Shed, which is a rare freehold site with outstanding potential in one of the UK’s fastest-growing cities.

"This historic Grade II listed Victorian railway shed offers a range of opportunities to investors and developers including food and beverage, leisure, hospitality or mixed-use concepts.” .

The rail shed had been earmarked by owners Peterborough City Council as the location for a food and beverage hall to be part of the proposed The Vine community and cultural hub.

It is also expected to benefit from its closeness to the planned Cygnet Bridge that will link the site to The Embankment and city centre.

The building is being sold again by the council after councillors were told in January that the previously agreed £250,000 sale of the former Goods Shed to Farholt Goods Shed Ltd, of Kettering had not been finalised.

At the time, Councillor Mohammed Farooq, the council’s cabinet member for growth and regeneration, told members: “said: “We are now hoping to secure a buyer who will breathe new life into this historic, yet neglected building, which in turn could act as a catalyst for further investment and development in this area.

“We welcome all offers for the building including those who are interested in delivering our original vision of turning it into an exciting food hall that could strengthen the city’s already thriving hospitality sector.”

What is the significance of the new sale?

The action places a question mark over the creation of The Vine community and culture hub, which is one of eight Government-backed £22.9 million Towns Fund projects.

The food and drinks hall was to have been one third of The Vine, which would also have bases at the city’s Central Library and the Innovation Centre in City Road.

The Vine had originally been earmarked for the former TK Maxx store in Bridge Street.until the idea was dropped as being too expensive.