Overview
- Development
Description
Location
LOCATION: Wellingborough is a market town in North Northamptonshire, in the heart of the Midlands, some 13 miles north of Northampton (and the M1) and 8 miles south of Kettering (and the A14). Wellingborough has excellent rail and road communications, with road links via the A45 to the M1 at Junctions 15, 15a & 16 and additionally to the A14 in the North (leading to the M11 and A1) as well as half hourly train services to London St Pancras from Wellingborough railway station just over mile distant. The subject retail property is situated within a conservation area and prominently located on High Street with its junction with Church Street; a busy gateway to the town centre, close to Tresham College and the main shopping area. The flats are located on Queens Lane with access from Queen Street.
THE PROPERTY: The main property comprises a substantial three-storey building of brick construction bult in the 1800s under a pitched tiled roof - and offers retailing of some 7,307 sq ft (678.80 sq m). This links at ground floor level to a more modern two-storey brick-built building which comprises three one-bedroom flats.
BUSINESS RATES & COUNCIL TAX
Retail Shop (NN8 4HL) - Rateable Value 2026: £25,250
Residential Flats (NN8 4QN) - Council Band A
Applicants are advised to verify the assessments with the Local Authority.
TENANCIES
Retail Shop: Vacant
Residential Flats:
Flat 1 Queens Lane: £520 pcm (£6,240 pa) - AST from 16th March 2017
Flat 2 Queens Lane: £500 pcm (£6,000 pa) - AST from 30th May 2014
Flat 3 Queens Lane: £675 pcm (£8,100 pa) - AST from 20th September 2024
TENURE
The property is being offered for sale freehold at a guide price of £895,000. All figures quoted are exclusive of any VAT which the vendor has a duty to impose.
Summary
Key points
- FOR SALE: Substantial Retail Premises with Development Potential
- Prominent retail premises of some 7,307 sq ft (678.80 sq m)
- Three income producing one-bedroom flats - £20,340 pa
- Available for sale freehold
- Guide price £895,000 exclusive
Contact
prop-search.com
Tel: 01933 223300
Samantha Jones
samjones@prop-search.com
www.prop-search.com
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