Commercial Property - Retail Properties - TOWN CENTRE CORNER POSITION RETAIL UNIT

CORNER POSITION RETAIL UNIT
WELL ESTABLISHED RETAIL/FOOD USE LOCATION
OPPOSITE MAIN TAXI RANK
HEAVY PASSING FOOTFALL BOTH IN THE DAY AND AT NIGHT
AVAILABLE TO LET ON A NEW LEASE FOR A TERM OF YEARS TO BE AGREED AT A INITAL RENTAL PRICE OF £19,500 PER ANNUM EXCLUSIVE
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 of a ground floor and basement retail unit on the corner of Mercers Row and Drum Lane. The unit is opposite the main Hackney Carriage taxi rank in Northampton and benefits from heavy passing foot fall both in the day and at night
The unit was previously occupied by Oliver Adams and is a very well know retail/food use location

Accommodation: 
Net Internal Area 33.7 sq m 363 sq ft

 

Rates: 
Rateable Value: £13,750
Rates Payable 2017/18: £3737.31

(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 on a new lease at a term of years to be agreed at a rental price 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

Sub Location: 
TOWN CENTRE