Overview

Commercial Street
Northampton
NN1 1PJ

LOCATION

The premises are situate on Commercial Street in between TK Maxx and Home Bargains, and near to retailers such as Peacocks, Argos etc, as can be seen from the goad plan extract.

DESCRIPTION

The premises consist of a typical Out of Town Retail Outlet, with its own car park, and a large pay and display car park opposite.

The premises have proper servicing to one side of the unit.

ACCOMMODATION

The premises consist of:-
Ground floor (NIA) 6,612 sq.ft. (614.2m²)
There are 12 car parking spaces which relate to the premises themselves.
There is additional car parking at the front for at least 1,000 cars – pay and display 60p for an hour.

LEASE

The premises are held on a lease for a term of years expiring 1st March 2019, at a rental of £105,000 per annum.

PROPOSAL

Offers are invited for this leasehold interest.

PLANNING

The premises have the benefit of an Open A1 Consent.

RATING

Rateable Value £79,500
Rates Payable £39,511.50
Rate in the £ 49.7p (2016/2017)
This information is for guidance purposes only.
Interested parties are advised to make their own rating enquiries

TIMING

Immediate

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in the transaction.

VIEWING

Strictly by appointment as this disposal is CONFIDENTIAL – Staff are unaware

Robin Johnson 0121 459 8925/ 07831 093093
rj@robin-johnson.co.uk
David Reece 0121 459 4200 / 07747 100705
david@rothsayproperties.com
All transactions stated are exclusive of VAT