Commercial Property - Development - ROADSIDE RESTAURANT/DEVELOPMENT PLOT

STRATEGIC LOCATION ON A43 CLOSE TO PROPOSED SOUTHERN EXTENSION A5 BY-PASS
INCLUDES CAR PARKING FOR APPROXIMATELY 40 VEHICLES
POTENTIAL FOR REDEVELOPMENT SUBJECT TO PLANNING
AVAILABLE FOR SALE AT AN ASKING PRICE OF £450,000 EXCLUSIVE
Location: 

The property is located 0.5 miles south of Towcester, an historic market town of 12,000 estimated population. Towcester is expanding rapidly and the proposals for a further 3,000 houses may require the construction of an A5 southern relief road and roundabout close to the subject property, significantly increasing vehicle movements past the site.

Description: 

The property comprises a purpose-built single storey roadside A3 café/restaurant with open plan ground floor seating area for 80+ covers with a large fully fitted kitchen including walk-in fridge, wash-up and storage area. Customer and staff W.C.s are also provided. The car park is hard surfaced and provides approximately 40 spaces.

Accommodation: 
Net Internal Area 239.2 sq m 2,575 sq ft
Total site area 0.49 acres 0.193 hectares

 

Rates: 
Rateable Value: £26,250
Rates Payable 2018/19: £13,230

(Excludes Small Business Rates Relief which may apply)
The Rates Payable figure is an estimate. It does not take into account any Transitional Arrangements. It is important that interested parties verify this information with the relevant Borough Council Rating Department.

Terms: 

The site is available both on a freehold basis and on a leasehold basis. The freehold is available at an asking price of £450,000 exclusive with full vacant possession. Alternatively, the property may be rented, subject to status at £40,000 per annum exclusive.

VAT: 

All figures quoted are exclusive of any VAT that the landlord may have a duty or choose to impose.

Viewing: 

Strictly by appointment through the Sole Agents: HADLAND CHARTERED SURVEYORS TEL: 01604 639657

Sub Location: 
TOWCESTER