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£17,500 pax

Wellingborough, Northamptonshire

Freehold building providing a retail unit with 3 let residential units.

LOCATION
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.

DESCRIPTION

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.

ACCOMODATION

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)

TERMS

A new lease is available with terms to be agreed at a rent of £17,500 per annum exclusive.

RATES

The 2017 Rating Assessment for the unit provides for a Rateable Value of £9,700.

VAT

All prices quoted are exclusive of VAT.

LEGAL COSTS

Each Party is to bear their own legal costs incurred in the transaction.

SERVICE CHARGE

The landlord reserves the right to provide for a service charge provision into the lease.

VIEWING

Strictly by appointment only – 01536 517777.

PLANNING

We understand that the retail property currently benefits from A1 (shops) under the Town and Country Planning (Use Classes) Order 1987 (as amended).