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£200,000

Kettering, Northamptonshire

**BUSINESS NOT AFFECTED** Berrys are pleased to offer for sale this investment property that has a tenant in place on a lease until 2021. The property is located on Sheep Street close to the towns restaurant quarter. The property offers a good secondary retail location within a short walking distance to the town centre. The total available area is 1091ft² (101.4m²)

LOCATION
Kettering is a large town with a 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, 50 miles east of Birmingham and 80 miles north of central London. The A14 immediately to the south of the town links to the A1 and M1 and there is a high speed rail service from Kettering train station to London St. Pancras taking approximately one hour.
The property is located on Sheep Street close to the town’s restaurant quarter. The property offers a good secondary retail location within a short walking distance to the town centre. Nearby retailers include Icon Bridal and House of Ambience.

DESCRIPTION
The premises is of stone construction beneath a pitched tiled roof with two full height display windows either side of a central customer entrance. Internally there is a sales area to the ground floor with changing cubicles and office areas, WC and kitchenette to the first floor.

ACCOMMODATION
The ground floor retail unit comprises sales area of 545 ft² (50.7m²)
The first floor retail space is the same size and consists of sales area, office area, kitchenette and WC.
The total available area is 1091ft² (101.4m²)

TENANCY
A Lease is in place to Mary & Me Limited Company Reg (09671377) dated 23rd September 2015 expiring 31st August 2021 with a passing rent of £11,500 pax. There is a rent review due 1st September 2018. The tenant has a break option 31st August 2019.

TERMS
The property is available with a guide price of £200,000 for the freehold interest.

VAT
The is no VAT applicable.

BUSINESS RATES
The premises have a rateable value of £8,700 as of April 2017 according to the Valuation Office website. Interested parties are advised to make their own enquiries regarding the payable amounts.

SERVICES
Mains electric and water are connected to the premises. There is no gas connected. Services are untested by the marketing agents.

PLANNING
The property currently falls under A1 retail of the Town & Country Planning (Use Classes) Order 1987 (as amended). Interested parties should check the suitability of their own use via the Local Authority.

LEGAL COSTS
Each party to bear their own costs.

TITLE NUMBERS
NN112131 / NN215797

VIEWING
Strictly by appointment only with Kevin O’Dell
Tel: 01536 213176 email: kevin.odell@berrys.uk.com

LOCAL AUTHORITY
Kettering Borough Council, Municipal Offices, Bowling Green Road, Kettering, NN15 7QX. Telephone – 01536 410333.

EPC
EPC rating for this unit is F (141)
Copy available on request.