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For Sale£450,000.00

Freehold Retail Investment Let to Bathstore – Northampton

Retail , 2563 Sq Ft
Property type: Retail
Tenure: Investment Opportunity, For Sale Freehold
Size: 2563 Sq Ft
Price: £450,000.00
Location: 125a St. James Road, NN5 5LD
ADDRESS: 127 - 133 St James Road, Northamptonshire, NN5 5LD
• UK's Largest bathroom retailer trading from 171 stores in the UK
• New British Rail station built nearby • New 15 year lease from 24 June 2016 at £26,000 per annum
• Opposite new Prada- Church shoe factory
Northampton is a major commercial and administrative centre with a resident population of some 165,000. Road communications are good with Junctions 15 and 16 of the M1 motorway some 4 miles to the west providing easy access to London (67 miles), the Midlands and the North.
The property is situated on the east side of St James Road at its junction with Stenson Street. St James Road forms part of the A45 and the new railway station is also nearby.
The property is arranged on ground and one upper floor to provide a large retail unit which benefits from an extensive main road frontage. There is a yard at the rear providing 8 car parking spaces. The first floor is sold on a long lease.
Shop & majority of rear car park 127/133: Gross Frontage: 60’0’’, Built Depth: 50’0’’,Ground Floor: 2,563 Sq.Ft.

Shop & majority of rear car park 127/133: Let to Bathstore franchisee for 15 years from 20.06.16 (1)(2)(3) On a FRI Lease at current rent of £26,000 p.a. Next Review : 20.06.2021 and 20.6.26
(1) Tenant option to break on 20.06.21 with giving 6 months notice and paying £13000 plus vat
(2) Tenant option to break on 20.06.26 with giving 6 months notice and paying £6500 plus vat
(3) Rent review fixed at cap and collar of 4.5% and 1.5% per annum on 20 June 2021, and 2026
First Floor Part Ground Floor : Let to Mr. S Aldred for 125 years from 10.10.05 at current rent of £600p.a.Reversion 2130.
Total £26.600 p.a

VAT IS: Applicable
PRICE: Offers in excess of £ 450,000 -5.6% Net

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