Overview
- Retail
Description
Location
INVESTMENT SUMMARY
Prominent town centre location
Provides a total of 1,406 sq ft (130.6 sq m) with parking
Single-let investment - Luxury Living Interiors Limited.
5 guarantors + rent deposit
Rental income of £22,000 per annum exclusive
LOCATION: Irthlingborough is a town in North Northamptonshire, approximately five miles north-east of Wellingborough. It has a population of circa. 12,000. The property benefits from a prime position located on the junction of Station Road, Church Street and Finedon Road and the High Street, in the heart of the town centre.
THE PROPERTY: The 1,406 sq ft property benefits from a prime position located on the junction of Station Road, Church Street and Finedon Road and the High Street, in the heart of the town centre. It was originally constructed as part of a new mixed-use development, which includes a 10,000 sq ft building operated by the Central England Co-operative; incorporating a Co-op foodstore, Co-op Funeralcare and aa fish & chip shop. Unit 2 sits at the very front of the scheme in a highly prominent position adjacent to the roundabout. It benefits from a parking area for three vehicles.
TENANCY: The property is let to Luxury Living Interiors Limited (CRN: 15873492) on a new 10 year Full Repairing & Insuring lease from 25th November 2024. The lease is subject to a mutual break the end of the fifth year, together with an upward only rent review.
USE: The property is used as a kitchen showroom within Use Class E(a) of the Town & Country Planning (Use Classes) Order 1987.
TENURE: Freehold - Title No. NN363619.
PROPOSAL: We are instructed to offer our client's freehold interest for sale at a guide price of £360,000, subject to contract. We understand that the property is elected for VAT and therefore VAT will be payable on the sale price.
Summary
Key points
- FOR SALE: Striking Town Centre Retail Investment
- Prominent, highly visible location
- Retail premises of 1,406 sq ft with parking
- Single-let investment producing £22,000 per annum exclusive
- Freehold guide price of £360,000 + VAT
Contact
prop-search.com
Tel: 01933 223300
Samantha Jones
samjones@prop-search.com
www.prop-search.com
EPC
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