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3 3 Wilberforce Street, Northampton, NN1

Retail for sale

£105,000
-
Total price
51Sq Ft
Space

INCOME PRODUCING INVESTMENT

CURRENT PASSING RENT OF £7,200 PER ANNUM EXCLUSIVE

LOCATED CLOSE TO WELLINGBOROUGH ROAD AND NORTHAMPTON TOWN CENTRE

AVAILABLE TO PURCHASE SUBJECT TO THE CURRENT OCCUPATIONAL LEASE AT AN ASKING PRICE OF £105,000 EXCLUSIVE

Location:

The property is located on Wilberforce Street which links Wellingborough Road and St Edmunds Road. Wellingborough Road is a main entrance way into Northampton Town Centre with a variety of different shops and heavy footfall. There is free parking on St Edmunds Road and in the vicinity. The property is a 7 minute drive to Northampton Train station and only an 8 minute walk to St Michaels Multi-Story car park.

Description:

The property comprises of a two-storey business unit of rendered traditional brick construction underneath a pitched slate roof. The entrance is to the front gable end and has the benefit of a roller shutter which was installed by the current tenant. The property benefits from double-glazing set within uPVC casements throughout. The unit has a reception area, ground floor work room, kitchen/utility room, W.C and an open plan first floor area. It is heated by gas fired central heating.

Tenancy:

Lease commencement date - 21st February 2017

Rent - £7,200 per annum exclusive

Lease Term - 10 years

Deposit - 2 months (£1,200)

Break option -Tenant only: - 4th Anniversary of the term and 7th anniversary of the term - Subject to 3 months prior written notice

Rent review - 3 yearly (upward only)

Landlord and Tenant Act 1954 - Outside

Use - Tattoo parlour (sui generis)

Planning application ref: N/2016/1403

VAT on rent - Not applicable

Accommodation:

Ground Floor 27.3 sq m (294 sq ft)

First Floor 223.5 sq m (253 sq ft)

TOTAL NET INTERNAL AREA 50.8 sq m (547 sq ft)

Rates:

Rateable Value: £2,375

Rates Payable 2019/20: £1,166.13

(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:

Available subject to the existing occupational lease at an asking price of £105,000 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

  • Double Glazing
  • Reception
  • Parking
  • Open Plan
  • Security Shutters
  • Multiple floors
  • Heating
  • Column Free
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