Commercial Property - Retail Properties - TOWN CENTRE RETAIL 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 has been constructed 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.
Northamptonshire County Council have also moved in to 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 comprises of a mid-terraced retail unit located on Abington Street, Northampton. There is accommodation over 3 floors. The ground floor comprises of retail space previously traded as a café, with disabled W.C facilities and a food prep area. The first floor also has permission for extended retail/eating area with a large roof terrace with electric wall heaters and gazebo style coverings. Subject to obtaining the requisite planning consent this area may be suitable for a shisha style use. The second floor of the property currently comprises a manager’s office and staff kitchenette.
| Sales area | 108.4 sq m | 1,167 sq ft |
| First floor | 47.7 sq m | 513 sq ft |
| First floor roof terrace | 70.2 sq m | 756 sq ft |
| Second floor managers office | 16.5 sq m | 178 sq ft |
| Second floor kitchenette | 12.7 sq m | 137 sq ft |
| Net Internal Area (NIA) | 185.3 sq m | 1,995 sq ft |
| Rateable Value: | £41,000 |
| Rates Payable 2019/20: | £19,680 |
(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 on a new full repairing and insuring lease, for a term of years to be agreed at an initial asking rental of £45,000 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
