£95,000

Restaurant for sale

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Just added

£95,000

(£184.11/sq. ft)

Restaurant for sale

Mill Road, Kettering NN16

516 sq. ft

Local area information

Property location

Nearby amenities

  • St Mary's Church of England Voluntary Aided Primary School 0.1 miles
  • Kettering Science Academy 0.3 miles
  • Kettering 1 mile
  • Corby 6.1 miles

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

Read our area guide for Kettering to find out more about the local area.

Features and description

  • Fully let Investment
  • Long established business
  • Freehold Investment
  • Busy location
  • Business not affected by the sale
Location


The property is located in Mill Road close to the junction with Windmill Avenue, Premier convenience store, post office and pharmacy.

Kettering is situated on the A14 and A43. It has a main line railway station with regular London St Pancras service and is due for expansion under proposals to significantly increase the town population by 2030 as part of the Milton Keynes and South Midlands Growth Area.
Description


Individual single storey rendered brick shop with a pitch concrete tile roof, and a single storey rear addition accommodating the preparation area, store and outside WC. Pedestrian access from Mill Road to the outside part covered yard.

Internally the main front shop and frying area has two glazed display windows and a separate customer entrance door, with an adjoining side store room.

Behind is a mainly tiled preparation area, with door into the rear courtyard. Access to the rear store which also has a door into the part covered rear yard, which has pedestrian access to Mill Road. Outside WC.

Shop and side store 234 sq. Ft
Preparation room 150 sq. Ft
Rear store 132 sq. Ft

All Ground Floor area of around 47.95 m2 516 sq. Ft plus yard and WC

Mains water, drainage gas and electricity all appear to be connected. The property has an EPC rating within Band D.
Rates


The 2023 Rateable Value is £2,800. A qualifying tenant will be able to claim 100% Small Business Rate Relief with no rates to pay.
Lease


Let on a lease dated 12 May 2008 for 30 years from 12 May 2008 at a rent of £9,096 pa. There is provision for 5 yearly rent reviews. The tenant is to keep in good and substantial repair.Further details are available on request.
Planning


This is a long-established chip shop (fast food take away.)

Subject to confirmation there should be Permitted Development rights under the Town and Country Planning General Permitted Development Order to Class E (which includes retail and cafe) and subject to prior approval to residential.
Tenure


Freehold subject to the existing lease. For sale at £95,000 exclusive showing a gross yield of 9.575% on the current annual rent of £9,096.
Viewing and further information


The ongoing Business is not affected by the sale so viewing appointments and further information should only be made with the Agent:

David Walker Commercial
9 Rushton Road
Wilbarston
Market Harborough LE16 8QL

Floor plans and tours

Floor plans (1)

1 floor plan available

View the floor plan to understand the space and layout of this property.

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - David Walker Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact David Walker Commercial for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Northamptonshire
  4. Kettering
  5. Mill Road