Commercial Property - Retail Properties - HIGH STREET RETAIL PREMISES

REDEVELOPMENT OPPORTUNITY
MAY BE SUITABLE FOR RESIDENTIAL CONVERSION TO THE UPPER PARTS
NEW £330 MILLION UNIVERSITY CAMPUS MOVING INTO THE AREA WITH 15,000 STUDENTS
140.13 SQ M (1,508 SQ FT) SALES AREA
41.40 SQ M (446 SQ FT) FIRST FLOOR
23.80 SQ M (256 SQ FT) SECOND FLOOR
CENTRALLY LOCATED RETAIL PREMISES
AVAILABLE TO PURCHASE £POA OR AVAILABLE TO RENT £ROA
Location: 

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 is currently being constructed along the River Nene and will provide state of the art education facilities to 15,000 students and is just a short walk from the town centre. The campus is set to open in September 2018.
Northamptonshire County Council are also in the process of constructing 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.

Description: 

The premises comprise a three-storey building within a modern parade. The ground floor of the property provides an open plan sales area, most recently used as a retail shop but suitable for a variety of retail uses.
A staircase leads to the first and second floors. The upper floors provide office / storeroom with WC facilities.

Accommodation: 
Ground floor sales area 140.1 sq m 1,508 sq ft
First floor 41.4 sq m 446 sq ft
Second floor 23.8 sq m 256 sq ft

Totalling 205 sq m (2,210 sq ft)

Rates: 
Rateable Value: £31,750
Rates Payable 2017/18: £14,795.50

(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 £POA

VAT: 

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

Legal Costs: 

Each party shall bear their own legal costs involved in the transaction.

Viewing: 

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

Sub Location: 
ABINGTON STREET