Commercial Property - Retail Properties - TOWN CENTRE RETAIL UNIT
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 opened 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. The campus opened in September 2018. Northamptonshire County Council have also built their new Public Sector headquarters in the heart of Northampton Town Centre, which is home to 2000 professional workers and will bring an estimated additional £12 million spend into the Northampton Town Centre Economy.
The property comprises of ground floor retail accommodation with a substantial basement with a fully glazed frontage. The property benefits from electric radiators and water heaters, suspended ceiling and perimeter trunking.
|Sales area||50.5 sq m||544 sq ft|
|W.C||2.5 sq m||27 sq ft|
|Basement||69.4 sq m||747 sq ft|
|Rates Payable 2019/20:||£5,640|
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 on a new lease at a term of years to be agreed at an initial asking rent of £19,500 per annum exclusive. The property will be available from September 2019.
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