Map view Street view Freehold Mixed-Use Site, 192 & 194 Barrier Bank, Cowbit, Spalding, PE12 6AL 0.28 acres / Industrial / Mixed Use For Sale - £300,000.00 Available - Last updated: 23 October 2026 A largely square site totalling approximately 0.11 hectares (0.28 acres) arranged as follows: 192 Barrier Bank: a detached two storey building of traditonal construction arranged as 2x two bedroom flats totalling approximately 63 sq m (678 sq ft) each. The flats are in need of refurbishment. 194 Barrier Bank: an L-shaped industrial building comprising four workshop and storage units on the ground floor and offices at first floor level totalling approximately 293 sq m (3,154 sq ft). To the front of the site is a forecourt currently operating as a car wash. The site may lend itself to future redevelopment, subject to obtaining the necessary consents. Prospective purchasers are advised to rely on their own enquiries in this regard. Location Cowbit is a fenland village lying approximately 3 miles south of Spalding and 16 miles north east of Spalding and can be accessed via the A16 (Cowbit Road) and A1175 (Littleworth Drove). Rail services can be found at nearby Spalding railway station, which provides regional rail services and services to London Kings Cross via Peterborough. Barrier Bank runs south from Littleworth Drove (A1175) and ultimately links with the A16 to the south. The property lies on the east side of the road on the western edge of Cowbit in a semi rural location. Accommodation Site area approximately 0.11 hectares (0.28 acres)Terms Tenure - Freehold Guide Price - £300,000 Tenancy - There is an occupier in situ currently operating the forecout as a car wash paying £750 per calendar month (£9,000 per annum). Heads of Terms have been agreed for a new three year lease at a rent of £15,600 per annum subject to break options (please refer to the legal pack). Buyer's Fee - A Buyer's Fee of £3,000 (inclusive of VAT) is applicable to the successful purchaser of this lot. If you have not made the successful bid for the property, the Buyer's Fee will be refunded to you.Specification Freehold mixed use site Includes a former garage and forecourt plus two flats in an adjacent building Flats in need of refurbishment Site area approximately 0.11 hectares (0.28 acres) Redevelopment potential (subject to consents) Part operating as a car wash producing £9,000 per annum Heads of Terms agreed for a new tenancy (refer to legal pack) On the instructions of the Joint Fixed Charge Receivers Property Quote Price(s) DescriptionSale typeGuide pricePrice type Guide Price For Sale Freehold £300,000.00 NA Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist