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Towcester, NN12

Leisure for sale

£450,000
-
Total price
239Sq Ft
Space

STRATEGIC LOCATION ON A43 CLOSE TO PROPOSED SOUTHERN EXTENSION A5 BY-PASS

INCLUDES CAR PARKING FOR APPROXIMATELY 40 VEHICLES

POTENTIAL FOR REDEVELOPMENT SUBJECT TO PLANNING

AVAILABLE FOR SALE AT AN ASKING PRICE OF £450,000 EXCLUSIVE

Location:

The property is located 0.5 miles south of Towcester, an historic market town of 12,000 estimated population. Towcester is expanding rapidly and the proposals for a further 3,000 houses may require the construction of an A5 southern relief road and roundabout close to the subject property, significantly increasing vehicle movements past the site.

Description:

The property comprises a purpose-built single storey roadside A3 cafe/restaurant with open plan ground floor seating area for 80+ covers with a large fully fitted kitchen including walk-in fridge, wash-up and storage area. Customer and staff W.C.s are also provided. The car park is hard surfaced and provides approximately 40 spaces.

Accommodation:

Net Internal Area 239.2 sq m 2,575 sq ft

Total site area 0.49 acres 0.193 hectares

Rates:

Rateable Value: £26,250

Rates Payable 2018/19: £13,230

(Excludes Small Business Rates Relief which may apply)

The Rates Payable figure is an estimate. It does not take into account any Transitional Arrangements. It is important that interested parties verify this information with the relevant Borough Council Rating Department.

Terms:

The site is available both on a freehold basis and on a leasehold basis. The freehold is available at an asking price of £450,000 exclusive with full vacant possession. Alternatively, the property may be rented, subject to status at £40,000 per annum exclusive.

VAT:

All figures quoted are exclusive of any VAT that the landlord may have a duty or choose to impose.

Legal Costs:

Each party shall bear their own legal costs involved in the transaction.

Listed Features

  • Use Class - A5
  • Storage
  • Parking
  • Use Class - A3
  • Open Plan
  • Kitchen
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Property Marketed By
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Hadland Chartered Surveyors