Commercial Property - Retail Properties - Village Retail Property
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 property is situated in the retailing proportion of Main Road, Duston and is approximately 2 miles west of Northampton town centre.
The property comprises a single storey retail unit with a glass display frontage which is set back under a canopy. There is gated access to the side of the property leading to a small courtyard and rear access to the property - suitable for deliveries etc.
| Sales Area | 60.50 sq m | (651 sq ft) |
| Office | 11.30 sq m | (120 sq ft) |
| Internal Storage | 22.30 sq m | (240 sq ft) |
| Kitchenette | 6.94 sq m | (75 sq m) |
| TOTAL NET INTERNAL AREA | 101.04 sq m | (1,088 sq m) |
| Rateable Value: | £8,300 |
| Rates Payable 2013/14: | £3,909 |
(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 premises has (A1) retail consent. Interested parties should contact the local planning authority.
A new full repairing and insuring lease is available for a term of years to be negotiated at an initial rental of £14,000 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
