Welford Road, Northampton, Northamptonshire, NN2
£46.26 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
8,625 sq ft
801 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops
A1
Key features
- Investment (with future re-development potential)
- Tenants in Situ - Businesses not affected
- Site fronting Welford Road
- Single Storey Buildings split into two retail units
- The Investment is For Sale, Freehold
Description
Northampton is a well-established, commercial centre, c.68 miles north of Central London, 55 miles to the south-east of Birmingham and 14 miles to the north of Milton Keynes.
Welford Road lies 2 ½ miles north of the town centre on the outskirts of the popular Kingsthorpe shopping centre, close to Asda and Waitrose. The property is on the periphery of Kingsthorpe village itself.
Description
The property comprises a site fronting Welford Road with a single storey building currently split into two retail units. To the rear is a loading area and a with an income producing advertising hoarding facing the on-coming traffic.
Accommodation
7-11 Welford Road: 103.06 m2 (1109 Sq.Ft.)
13 Welford Road: 35.10m2 (378 Sq.Ft.)
Converted garage to no 13: 11.94m2 (129 Sq.Ft.)
The site comprises c 0.198 acres (0.088ha)
Tenancies
7-11 Welford Road
Let for a term of 15 years ending 14th October 2028 at a current rent of £19,500 per annum exclusive. The property is used as a restaurant. The tenant is Abdul Ahad
13 Welford Road
Let for a term of 15 years ending 31st January 2029 at a current rent of £8,500 per annum exclusive. The tenant is Victoria Sarah Hardy-Lovell
Garages 1,6 & 7
Let at a combined annual rent of £1380 per annum exclusive
The Advertising Hoarding
Let on a lease expiring 24th June 2030 at a current rent of £1750 per annum exclusive
Services
We are advised that all mains services are connected or available to the premises.
Terms
The investment is for sale, freehold, at a price of £399,000
Rates
7-11 Welford Road: £17,750
13 Welford Road: £6,900
EPC
7-11 Welford Road: EPC Rating C (59)
13 Welford Road: EPC Rating E (105)
Legal Costs
Each party is to be responsible for its own legal costs
Viewing and Further Information
Viewing strictly by prior appointment with
the joint sole agent Chown Commercial:
Stephen Chown
Chown Commercial Ltd
Tel:
Brochures
Welford Road, Northampton, Northamptonshire, NN2
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Northampton Station1.8 miles
About Chown Commercial Limited, Northampton
1 Saxon Court, St Peters Gardens, Northampton NN1 1SX
At Chown Commercial we have a hands-on approach to working with our clients. Whether it is property acquisition, occupation, asset management, planning, development, disposal and management, a member of our senior team will be involved at all stages. We have in-depth knowledge of local and national property markets with expertise in all aspects of the commercial market.
We are able to draw on a range of specialists to support our clients in all aspects of their projects from inception t
Notes
Disclaimer - Property reference 7-13WelfordRoadKingsthorpeNorthampton. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Chown Commercial Limited, Northampton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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