Commercial Property - Retail Properties - GROUND FLOOR HIGH STREET RETAIL PREMISES TO LET
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 currently being constructed along the River Nene and will provide state of the art education facilities to 15,000 students and is just a short walk from the town centre. The campus is set to open in September 2018.
Northamptonshire County Council are also in the process of constructing their new Public Sector headquarters in the heart of Northampton Town Centre, this will hold 2000 professional workers and will bring an estimated additional £12 Million spend into the Northampton Town Centre Economy.
The property is situated in a busy position in Northampton’s prime shopping street. Abington Street has recently been reopened to traffic and has seen the installation of free parking bays. A number of national occupiers are located on Abington Street, these include: H & M, Marks and Spencer’s, Poundland, Tesco Metro and Thomas Cook.
The property comprises an A1 retail unit with glazed shop front on a prominent corner position next to Marks & Spencer. The property has a substantial basement with clear headroom which could be utilised for uses other than storage. The property may be suitable for a variety of uses subject to planning
| Sales area (inc staff room) | 48.3 sq m | 520 sq ft |
| Basement | 50.3 sq m | 541 sq ft |
| W.C | 2.3 sq m | 24 sq ft |
| Gross floor space | 98.6 sq m | 1,061 sq ft |
| Rateable Value: | £26,250 |
| Rates Payable 2017/18: | £12,232.50 |
(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 asking rental of £32,000 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 Sole Agents: HADLAND CHARTERED SURVEYORS TEL: 01604 639657
