Commercial Property - Investment - FOR SALE TOWN CENTRE INCOME PRODUCING RESTAURANT INVESTMENT
With a population in excess of 220,000 Northampton is one of England’s largest and 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. Bridge Street has historically been characterised by estate agency offices and pubs, clubs, restaurants and takeaways making it a popular night-time destination.
The subject property comprises of a ground floor double-fronted restaurant premises with a large glazed frontage.
| Property | Tenant | Passing rent | Size | Lease term | Rent review | Break option | Notes |
| 39-41 Bridge Street, Northampton | Emesa Eats Ltd. | £24,000 per annum exclusive | 2,177 sq. ft | 15 years from 27th November 2018 | 5 yearly | 27th November 2023 (Tenant only - subject to 6 months prior written notice) | Full Repairing and Insuring Lease. Rent deposit deed of £12,000 held by the landlord |
37 Bridge Street, Northampton, 202.2 sq. m / 2,177 sq. ft
Responsibilty of the tenants.
The investment is available to purchase at asking price of £350,000 exclusive.
It is anticipated that the commercial unit will be sold as a Transfer of Going Concern, therefore it is likely that VAT is not applicable for the commercial unit.
The asking price quoted excludes any VAT which the vendor may have a duty or choose to impose.
It is anticipated that the commercial unit will be sold as a Transfer of Going Concern, therefore it is likely that VAT is not applicable for the commercial unit.
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
