Commercial Property - Retail Properties - RETAIL PREMISES
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.
There is a range of redevelopment activity within Northampton including the following:
- 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
National retailers and operators located on Gold Street include Wilkinson, Poundstretcher, 99p Stores, and Travelodge with Argos, Peacocks, Iceland, Home Bargains and many other located nearby in the St Peters Way Car Park. The car park provides 531 spaces and a strong pedestrian flow on to Gold Street through St Peters Walk. The nearby leisure complex - Sol Central is a popular visitor attraction with a cinema, hotel and casino located within.
The property comprises an A1 retail unit with double frontage and a electric security shutter, accommodation at the ground, first floor and basement levels.
The ground floor presently has retail slat-wall panels, and window display storage units installed. The basement provides three separate usable areas suitable for office, storage or as an extra sales area. Kitchen and W.C facilities are provided on the first floor, along with an open plan area which again has many usable options.
| Ground Floor | 22.94 sq m | 247 sq ft |
| Basement | 22.53 sq m | 242 sq ft |
| First Floor | 11.72 sq m | 126 sq ft |
| Kitchen | 1.65sq m | 18 sq ft |
| TOTAL NET INTERNAL AREA | 58.84 sq m | 633 sq ft |
| Rateable Value: | £7,900 |
| Rates Payable 2017/18: | £3,926.30 |
Estimated Rates payable for eligible 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 let on a new lease of negotiable length at an asking rental of £16,500 per annum, exclusive. Service charges may apply – please ask for further details.
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
