Commercial Property - Investment - FOR SALE TOWN CENTRE INCOME PRODUCING RESTAURANT INVESTMENT

INCOME PRODUCING INVESTMENT WITH PRESENT INCOME OF £17,000 PER ANNUM
POPULAR FOOD & BEVERAGE LOCATION
ASSET MANAGEMENT OPPORTUNITIES
LOCATED CLOSE TO NORTHAMPTONSHIRE COUNTY COUNCIL OFFICES AND THE NEW UNIVERSITY OF NORTHAMPTON WATERSIDE CAMPUS
AVAILABLE TO PURCHASE, OFFERS IN EXCESS OF £250,000 EXCLUSIVE
Location: 

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.

Description: 

The subject property comprises of a ground floor restaurant premises with a large glazed frontage.

Tenancy: 
Property Tenant Passing rent Size Lease term Rent review Break option Notes
37 Bridge Street, Northampton Jynja Jynja Bar and Restaurant Ltd. On an assignment from Jalal Miah and Foyzul Islam £17,000 per annum exclusive 1,212 sq. ft 25 years from 3rd July 2009 5 yearly 3rd July 2021 & 3rd July 2027 (Tenant only - subject to 6 months prior written notice) Full Repairing and Insuring Lease. Rent deposit deed of £4,000 held by the landlord 

 

Accommodation: 

37 Bridge Street, Northampton, 112.6 sq. m / 1,212 sq. ft

Rates: 

Responsibility of the tenant.

Terms: 

The investment is available to purchase at asking price of £250,000 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.

VAT: 

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.

Viewing: 

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

Sub Location: 
Town centre