Commercial Property - Retail Properties - RETAIL PREMISES WITH TENANTED SELF CONTAINED FLAT
Northampton is one of England’s 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. Northampton currently has an Enterprise Zone status which aims to support both new and expanding businesses by offering incentives.
The premises comprise of a ground floor retail unit, with ancillary kitchen accommodation, rear courtyard (partially covered) and a substantial outhouse at the rear which benefits from both electricity and water connections
There is a self-contained 2-bedroom first floor flat which is well presented and receives ample natural light, with windows at the front and the rear of the flat. The flat benefits from Electric, Water and Gas connections – with gas boiler central heating.
There is a partially covered courtyard towards the rear of the property leading to the outhouse, the courtyard measures approximately 21.5 sq. m (231 sq. ft).
The entrance to the flat is via a separate doorway on Wellingborough Road
| Ground floor sales area | 50.7 sq m | 546 sq ft |
| Kitchen | 3.2 sq m | 35 sq ft |
| Outhouse | 15.9 sq m | 171 sq ft |
| Flat | 52.2 sq m | 562 sq ft |
| Rateable Value: | £7,900 |
| Rates Payable 2018/19: | £3681.40 |
Estimated rates payable for qualifying small businesses: £0
(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 purchase at an asking price of £300,000 exclusive
The ground floor retail unit will be offered with vacant possession
The first floor flat is presently let on an Assured Shorthold Tenancy agreement at a rental of £650 pcm. We have been advised that there is scope for an increase in the rental price – however this is down to any prospective purchasers to investigate
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
