£360,000

Property for sale

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£360,000

(£129.59/sq. ft)

Property for sale

10-14 High Street, Kettering, Northamptonshire NN16

2,778 sq. ft

Local area information

Property location

Nearby amenities

  • St Thomas More Catholic Primary School 0.4 miles
  • Kettering 0.4 miles
  • Hawthorn Community Primary School 0.5 miles
  • Corby 6.4 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • For sale: Town Centre Mixed-Use Investment
  • 2,778 sq ft (258.17 sq m) prominent town centre property
  • Investment comprising self-contained shop, offices and flat
  • Fully let producing £26,520 pax *
  • Freehold guide price of £360,000
Investment Summary:

Town centre location

Provides a total of 2,778 sq ft (258.17 sq m)

Total rental income of £26,520 per annum exclusive *

Kettering is a commercial town with a borough population of approximately 80,000 people. The town is located at the junction of the A6 and A43, and is approximately 15 miles north of Northampton.

The building is a terraced property comprising of a self-contained retail, office and residential flat, situated on a heart of Kettering's pedestrianised area of the town centre, close to its junction with Market Street. Nearby occupiers include Market Harborough, Nat West, Subway and McDonalds.

Unit 10 (retail unit)

Ground Floor 837 sq ft 77.74 sq m

Basement 819 sq ft 76.11 sq m

Unit 14 (office)

First Floor 561 sq ft 52.12 sq m

Unit 14a (flat)

Second Floor 561 sq ft 52.12 sq m

tenancies:

Unit 10 - Let to Make Your Own Path Ltd (trading as Geek Retreat) on a 10 year lease from 01/12/2021, subject to a tenant only break provision at the end of the fifth year. Let on stepped rent agreement: Years 1-3: £12,000, Year 4: £13,500, Year 5: £15,000 * Upward only rent review at the end of the fifth year

Unit 14 - let to B &S Steel Supply Ltd on a new three year lease from 13/08/2021, at a rent of £5,220 pax.

Unit 14a - let on a 12 month AST to A Cochrane from 14/04/2021 at a rent of £6,300 pa

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  1. Zoopla
  2. Commercial for sale
  3. Northamptonshire
  4. Kettering
  5. High Street

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