Commercial Property - Retail Properties - TOWN CENTRE RESTAURANT PROPERTY
The property is located on Derngate on the eastern edge of Northampton Town centre. It is situated on a retail parade that sits opposite the Royal and Derngate Theatre. Works commenced late 2012 on a new cinema to adjoin on to the Royal and Derngate Theatre building with expected completion by late spring 2013. Works have also commenced on the site of the St John’s Surface Car Park for the development of a 464-room halls of residence, as accommodation for students of the University of Northampton.
There is a range of redevelopment activity within Northampton - being an Enterprise Zone area:
- Multi-million pound re-development of the existing Railway Station
- New £25m development of student accommodation for the university in the main town centre
- New £7m bus station development on Northampton’s former Fishmarket
- Proposals for the expansion of the Grovesenor Centre onto the current bus station site (Greyfriars)
- New Cinema adjoining the Royal & Derngate Theatre
- Advanced proposals for the relocation of the University of Northampton to a centrally accessible site
The property comprises a double unit with large window display and frontage and two separate entrances. Accommodation is provided on the ground floor and basement, with kitchen and toilet facilities located on the ground floor level.
|Order & Seating Area:||50.08 sq m||539 sq ft|
|Kitchen:||17.93 sq m||193 sq ft|
|+ Separate male, female and disabled W.C’s|
|Bar & seating area:||84 sq m||904 sq ft|
|Special wine store:||2.91 sq m||31 sq ft|
|Store:||3.26 sq m||35 sq ft|
|Office:||3.68 sq m||40 sq ft|
|Total Net Internal Area:||93.85 sq m||1,742 sq ft|
|Rateable Value (Estimate)||£14,000|
|Rates Payable 2012/13||£6,412|
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 Northampton Borough Council Rating Department on (01933 231691).
We understand that the property has consent for A3 use. We advise applicants to make their own enquiries as to the suitability of the existing planning consent and their intended use of the property. The local planning authority can be contacted on: - Tel: 01604 837837
The property is available to let on a new Full Repairing & Insuring lease for an initial rent of £20,000 per annum exclusive for a term to be agreed. Subject to status and contract.
The ingoing tenant will be responsible for the landlord’s reasonable legal costs involved in the transaction.
Strictly by appointment through the Sole Agents: HADLAND CHARTERED SURVEYORS TEL: 01604 639657