Commercial Property - Retail Properties - TOWN CENTRE SHOP WITH OFFICES/STORE ROOMS ABOVE

GROUND FLOOR SALES 60.39 SQ M (650 SQ FT)
FIRST & SECOND FLOOR OFFICES OF 63.17 SQ M (680 SQ FT)
PROMINENT TOWN CENTRE LOCATION
SUITABLE FOR A VARIETY OF RETAIL OR OFFICE USES
BOROUGH COUNCIL GRANTS UP TO £10,000 MAY BE AVAILABLE
AVAILABLE TO LET ON A NEW LEASE AT AN ASKING RENTAL OF £19,500 PER ANNUM, EXCLUSIVE OR FOR SALE AT £250,000 PLUS VAT
Location: 

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 via the recently built Castle Station 5 minutes walk away.

Gold Street is one of the town’s key gateways, leading pedestrians from the railway station into the town centre.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, and Ibis Hotel located within it. Because of the importance of the location as a town centre gateway shop frontage grants are being offered to individual businesses on Gold Street through the Northampton Borough Council’s Business Incentive Scheme (BIS). Businesses can claim a grant of 50 per cent of the total cost of their improvement works, up to a maximum of £10,000.

Description: 

The property comprises an A1 retail unit with glazed shop front protected by internal security shutter. Retail accommodation is at the ground, with first and second floor office accommodation is accessed via a staircase within the shop, providing scope for additional retail use on the upper floors. The ground floor benefits from kitchen and W.C facilities.

Accommodation: 
Ground floor sales area 60.39 sq m (650 sq ft)
Kitchen    
W.C    
First floor 35.77 sq m (385 sq ft)
Second floor 27.22 sq m (293 sq ft)
Net internal area 123.38 sq m (1328 sq ft)

 

Rates: 
Rateable Value: £9700
Rates Payable 2016/17: £4820.90

Excludes Small Business Rates Relief which may apply – The property should qualify for a discount of up to 38% of the rates payable figure (subject to application). It is recommended that interested parties verify this information with Northampton Borough Council Rating Department on (01933 231691).

 

Terms: 

The property is available to let on a new lease of negotiable length at an asking rental of £19,500 per annum, exclusive.

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