Property Information
Address:
156 Wellingborough Road
, NN1 4DU
Price: Property no longer available.
Size: SOA
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH176722
Property Ref/Agent: 2838
*Please use the agent ref when calling the agent directly.
Property description
THE PROPERTY IS OFFERED FREEHOLD SUBJECT TO THE EXISTING LEASE, AT A PRICE OF 550,000 EXCLUSIVE OF VAT. LOCATION 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. The property has substantial passing traffic and is located within a densely populated surrounding area, as well as being within walking distance of the town centre. There is on street car parking on Wellingborough Road and a municipal car park off Market Street, virtually opposite the premises. MAP DESCRIPTION The property comprises a terraced building of brick construction with a pitched slated roof having a glazed full width frontage covering all three storeys. The property is currently under substantial refurbishment being carried out by the ingoing tenant who intends to open a Japanese Restaurant. ACCOMMODATION The accommodation is mainly open plan and is arranged on lower ground, ground and first floors with stairways to both front and rear of the premises (subject to change given the aforementioned refurbishment). Frontage: 29 ft (8.9 m) Lower Ground: 1,658 sq ft (154.15 sq m) (Kitchen) 378 sq ft (35.16 sq m) Ground Floor: 2,024 sq ft (188.17 sq m) First Floor: 1,683 sq ft (156.45 sq m) Total: 5,365 sq ft (498.77 sq m) RATES Rateable Value: 36,750 Rates Payable : 17,309 TENANT The property is let on the following terms: Term: 10 years on FR&I terms from XX October 2014. Tenant Break: End of year 5 subject to a penalty payment the equivalent of 6 month?s rent. Rent: Year 1: 40,000 (month?s 4 to 9 are rent free) Year 2: 40,000 Year 3: 45,000 Year 4: 45,000 Year 5: 45,000 Rent Review: End of year 5. Deposit Held: 20,000 + VAT TERMS The property is also available to purchase at 550,000. VAT The rental price quoted excludes any VAT which the landlord may have a duty or choose to impose. We are informed that VAT will be applicable for this transaction. EPC
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