Commercial Property - Retail Properties - MIXED USE PROPERTY CURRENTLY COMPRISING RETAIL UNIT AND SELF-CONTAINED DUPLEX FLAT

RARE OPPORTUNITY TO ACQUIRE A FREEHOLD MIXED-USE RETAIL PROPERTY WITH SELF CONTAINED DUPLEX FLAT ABOVE
PROMINENT MAIN ROAD POSITION
FLAT CURRENTLY OCCUPIED, RETAIL UNIT CURRENTLY VACANT
SUITABLE FOR OWNER OCCUPIERS/INVESTORS
AVAILABLE TO PURCHASE AT AN ASKING PRICE OF £375,000 EXCLUSIVE
Location: 

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.

Wellingborough Road (A4500) is one of Northampton’s busiest retail locations and the main arterial road leading east from the town centre. The property therefore benefits from substantial volumes of passing traffic and there is good local on-street parking. The shops prominence is enhanced by its position directly opposite Sainsbury Local. The locality is characterised by a mix of retail shops, restaurants and pubs serving both the local community within the densely populated residential area of Abington and the wider area.

Description: 

The property comprises of a 3-storey mixed use retail and residential property of traditional brick construction underneath a pitched tiled roof. The upper floors of the property benefit from uPVC double glazed casement windows and the exterior has been rendered.

The ground floor currently comprises of a retail unit (previously occupied by an Estate agent) + cellar storage. There may be the potential for other uses of the ground floor subject to the requisite planning permissions and other statutory consents.

The upper parts of the property comprise of a self-contained 2 bed duplex flat with lounge/diner, kitchen and bathroom presently let on an AST at £8,100 pa

Accommodation: 

Ground Floor

Internal Width: 3.78 m (12’5”), Sales Area Depth: 7.17m (23’6’’)

Sales Area: 23.48 sq. m (253 sq. ft.)
 

Rear Office/Sales area, Kitchen, disabled WC, store: 20.25 sq. m (218 sq. ft.)
 

Cellar: 21.17 sq. m (228 sq. ft.)

 

Rates: 
Rateable Value: £6,300
Rates Payable 2021/22: £3,225.60

(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.

Terms: 

The property is available to purchase at an asking price of £375,000 exclusive. The ground floor is currently vacant, with significant amounts of interest and is being marketed at an asking rent of £14,500 per annum exclusive.

The duplex flat is currently tenanted and produces an income of £8,100 per annum.

VAT: 

All figures quoted are exclusive of any VAT that the landlord may have a duty or choose to impose.

Viewing: 

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

Sub Location: 
Town Centre