Commercial Property - Office Buildings - FOR SALE Workshop/Studio Office with Residential Redevelopment Potential

Centrally located business premises currently fitted out as a design/sound recording studio.
Suitable for a variety of business uses with residential redevelopment potential.
No Business Rates payable for eligible small business.
FOR SALE AT A GUIDE PRICE OF £100,000 OR TO LET AT £8,000 PER ANNUM EXCLUSIVE
Location: 

Northampton is one of England’s fastest growing towns with a present population of 225,000 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.

The premises are prominently located close to the junction of Clare Street and Military Road and close to Northampton town centre in the densely populated Mounts area of the town.

 

Description: 

The premises comprise a detached brick built two-storey business unit comprising the following accommodation:

Ground floor: Personnel door and separate double loading doors leading to workshop / studio / office. Concrete floor, w/c and small kitchen area, fluorescent lighting, and power. Rear lean-to store.

First floor: Access via timber stairs to office / workshop area currently sub-divided to provide three separate rooms. Fitted air conditioning units. The building has been used for several years as graphic design/recording studio incorporating substantial soundproofing.

The property benefits from a 3-phase electricity supply (not tested).

Accommodation: 

FLOOR AREAS (measured gross internal)
Ground floor = 447 sq.ft. / 41.5 sq.m. approx.
First floor = 447 sq.ft. / 41.5 sq.m. approx.
Total GIA = 894 sq.ft. / 83.0 sq.m. approx

 

Rates: 

Rateable Value: £ 2,550
Rates Payable (2020/2021): £ 1,326*

*100% relief may be available if you are a Small Business. Interested parties must verify this information with Northampton Borough Council Rating Department on (0300 330 7000).

Terms: 

The property is available to purchase with full vacant possession at a guide price of £100,000 exclusive. Alternatively, a new lease for a term of years to be agreed at £8,000 per annum exclusive is available.

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