Freehold building providing a retail unit with 3 let residential units.
Wellingborough is a large town in east Northamptonshire and has good road and rail network links. The property is located on Silver Street on the north side of Wellingborough town centre opposite the pedestrian access way to Morrisons supermarket. The Swansgate Centre is immediately to the south of the property and is in the towns prime retailing area.
The property is a period style building arranged over ground, first and second floor. The ground floor offers substantial retail space with rear storage/office area. The two upper floors offer further ancillary accommodation.
We understand that the unit provides a net internal floor area as follows:
Ground Floor Retail – 1,156 Sq. ft. (107.39m2)
Ground Floor Store – 68 Sq. ft. (6.3m2)
First Floor – 279 Sq. ft. (25.93m2)
Second Floor – 405 Sq. ft. (37.60)
Total – 1,908 Sq. ft. (177.22m2)
A new lease is available with terms to be agreed at a rent of £17,500 per annum exclusive.
The 2017 Rating Assessment for the unit provides for a Rateable Value of £9,700.
All prices quoted are exclusive of VAT.
Each Party is to bear their own legal costs incurred in the transaction.
The landlord reserves the right to provide for a service charge provision into the lease.
Strictly by appointment only – 01536 517777.
We understand that the retail property currently benefits from A1 (shops) under the Town and Country Planning (Use Classes) Order 1987 (as amended).