Commercial Property - Retail Properties - LONG ESTABLISHED RESTAURANT PROPERTY

PRIME RESTAURANT AREA
IN THE HISTORIC CULTURAL QUARTER OF NORTHAMPTON
LOCATED NEAR ROYAL AND DERNGATE THEATRE AND ERROL FLYNN ON GATEWAY ROUTE FROM TOWN CENTRE TO NEW £330 MILLION UNIVERSITY CAMPUS
NEW NORTHAMPTON COUNTY COUNCIL OFFICES CURRENTLY BEING CONSTRUCTED NEARBY
NO BUSINESS RATES FROM APRIL 2017-2018 (FOR QUALIFYING SMALL BUSINESSES)
AVAILABLE TO RENT ON A NEW LEASE FOR A TERM OF YEARS TO BE AGREED
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.

Accommodation: 
Net internal area (NIA): 875.16 sq ft 81.31 sq m

 

Rates: 
Rateable value £10,750
Rates payabale £5,009
Estimated rates payable with small business rates relief £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.

Terms: 

The property is available for sale at £230,000 or to let on a new lease with terms to be agreed at an annual rent of £20,000 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