Commercial Property - Retail Properties - Ground Floor Retail Shop 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
The St Peters Way Shopping Centre, of which this accommodation forms part, is situated in a highly prominent position adjacent to the inner ring road and provides one of the town's premier gateways into the Town Centre. The scheme has been well let to large space retailers that include Argos Superstore, Peacocks, Iceland, Home Bargains and others including Wetherspoons and PureGym. The centre further benefits by having 531 car parking spaces which provides for a strong pedestrian flow between the scheme through St Peters Walk to which the accommodation has direct access and to the other prime shops within the town via Gold Street. Traders in St Peter's Walk include Pulse, Fashion Stop, Shine Hairdressing, Singh & Smile, and Hatton Goldsmiths. Traders in Gold Street include Wilkinson’s, 99p Stores, Pound Stretcher, and a range of smaller shops. The new nearby leisure complex of Sol Central is a popular visitor attraction.
The premises comprise a ground floor shop unit within a retail arcade, with a large glazed shop frontage, internal W.C facilities and a partitioned room to the rear for storage.
| NET INTERNAL AREA | 69.50 sq m | 748 sq ft |
| Rateable Value: | £14,500 |
| Rates Payable 2016/17: | £7,206.50 |
(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.
SERVICE CHARGE:
A service charge is levied on each tenant on the scheme. Services include cleaning of common areas, refuse collection and other elements. Previous year’s charges have been contained to an approximate annual cost of £3.80 per sq ft of space occupied
RENT:
The retail unit is available to let a new lease with terms to be agreed, at a rent of £15,000 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
