Commercial Property - Retail Properties - A3 RESTAURANT PREMISES
Northampton is England’s second largest town with a population of 222,500 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.
The new £330 million University of Northampton Waterside Campus is located along the River Nene and provides state of the art education facilities to 15,000 students and is just a short walk from the town centre. The campus opened in September 2018.
The property forms part of a parade of retail units located on Derngate in Northampton Town Centre. The subject property is located opposite the Royal & Derngate Theatre and the Northampton Film house.
The property comprises a double fronted restaurant/retail unit with a large glazed window display. Accommodation is provided over both ground floor and basement levels. Restaurant/bar accommodation is provided on the ground floor and basement with kitchen and toilet facilities located on the ground floor level.
The property has planning consent for use as a restaurant and café/drinking establishment, allowing use between the hours of 08.00 to 23.00 Sunday to Thursday and 08.00 to 00.00 on Friday and Saturday. It has a premises licence for the sale of alcohol and playing of live recorded music.
| Net Internal Area | 182 sq. m | 1,959 sq. ft |
| Rateable Value: | £16,250 |
| Rates Payable 2020/21: | £7,800 |
(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 property is available to let on a new lease for a term of years to be agreed at an initial asking rent of £19,500 per annum 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 Agents: HADLAND CHARTERED SURVEYORS TEL: 01604 639657
or Samantha Jones (Prop-Search) 01604 492000
