Commercial Property - Investment - FULLY LET INVESTMENT PROPERTY FOR SALE
Northampton is one of England’s fastest growing towns and is the strategic location for many national
organisations as their central hub for business. Northampton has excellent rail and road communications,
with hourly train services to London and road links to the M1 at Junctions 15, 15a & 16 and additionally to
the A14 in the North. Northampton currently has an Enterprise Zone status which aims to support both
new and expanding businesses by offering incentives.
There is a range of redevelopment activity within Northampton including the following:
• Multi-million pound re-development of the existing Railway Station
• New £25m development of student accommodation for the university in the main town centre
• New £7m bus station development on Northampton’s former Fishmarket
• Proposals for the expansion of the Grovesenor Centre onto the current bus station site (Greyfriars)
• New Cinema adjoining the Royal & Derngate Theatre
• Advanced proposals for the relocation of the University of Northampton to a centrally accessible site
Wellingborough Road (A4500) is the main arterial road leading east from the town centre and the property
therefore benefits from substantial volumes of passing traffic.
A four-storey property divided into various self-contained areas. The ground floor of the property is in retail
use. The present tenant has carried out a programme of refurbishment to the shop to create modern retail
environment with storage and ancillary areas behind. In addition but excluded from the shop letting there
is a garage/storage building accessed off Bostock Avenue.
Two self-contained and independently accessed residential flats are provided on the upper floors. Flat A
provides bay window living room two double bedrooms bathroom, separate w.c. kitchen complete with
white goods, plus box room with built in bed. Flat B is arranged over second and third floors and consists of
two bedrooms, spacious utility room with washer and drier, bathroom with w.c.. Stairs lead to top floor
living/dining room and galley kitchen complete with white goods.
The property provides the following accommodation: -
Total Ground Floor shop Area: 74.51 sq m (802 sq ft).
Cellar: 29.40 sq m (316 sq ft)
Garage: 33.82 sq m (364 sq ft)
First Floor Flat A: 61.18 sq m (659sq ft)
Second Floor/Third Floor Flat B: 67.72 sq m (729 sq ft)
|Rates Payable 2013/14:||£4776.50|
Estiamted rates payable for qualifying small businesses: £0
(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.
The income producing investment is available to purchase at an asking price of £525,000 exclusive
All figures quoted are exclusive of any VAT that the landlord may have a duty or choose to impose.
Each party shall bear their own legal costs involved in the transaction.
Strictly by appointment through the Sole Agents: HADLAND CHARTERED SURVEYORS TEL: 01604 639657