Property Information
Address:
10-14 High Street, Kettering, Northamptonshire
, NN16 8ST
, Northamptonshire
, United Kingdom
Price: Buy: POA
Size: 2778 sq ft258 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH664277
Property Ref/Agent: 1911
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 12, 2024
Property description
Investment Summary:
Town centre location
Provides a total of 2,778 sq ft (258.17 sq m)
Total rental income of £26,520 per annum exclusive *
Kettering is a commercial town with a borough population of approximately 80,000 people.
The town is located at the junction of the A6 and A43, and is approximately 15 miles north of Northampton.
The building is a terraced property comprising of a self-contained retail, office and residential flat, situated on a heart of Kettering's pedestrianised area of the town centre, close to its junction with Market Street.
Nearby occupiers include Market Harborough, Nat West, Subway and McDonalds.
Unit 10 (retail unit)
Ground Floor
837 sq ft
77.74 sq m
Basement
819 sq ft
76.11 sq m
Unit 14 (office)
First Floor
561 sq ft
52.12 sq m
Unit 14a (flat)
Second Floor
561 sq ft
52.12 sq m
TENANCIES:
Unit 10 - Let to Make Your Own Path Ltd (trading as Geek Retreat) on a 10 year lease from 01/12/2021, subject to a tenant only break provision at the end of the fifth year.
Let on stepped rent agreement: Years 1-3:
£12,000, Year 4: £13,500, Year 5: £15,000 * Upward only rent review at the end of the fifth year
Unit 14 - let to B &S Steel Supply Ltd on a new three year lease from 13/08/2021, at a rent of £5,220 pax.
Unit 14a - let on a 12 month AST to A Cochrane from 14/04/2021 at a rent of £6,300 pa
FOR SALE: Town Centre Mixed-Use Investment
2,778 sq ft (258.17 sq m) prominent town centre property
Investment comprising self-contained shop, offices and flat
Fully let producing £26,520 pax *
Freehold guide price of £360,000
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