Shop for sale

Freehold Retail Investment Let to Bathstore at 127 133 St James Road, Northamptonshire, NN5 5LD

Offers in Excess of 2,563 sq. ft. | £450,000

Property Description

Commercial information

  • 2,563 sq ft (238 sq m)

Key features

  • 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

Full description

Tenure: Freehold

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
LOCATION
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.
SITUATION
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.
DESCRIPTION
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.
Accommodation:
Shop & majority of rear car park 127/133: Gross Frontage: 60'0'', Built Depth: 50'0'',Ground Floor: 2,563 Sq.Ft.

TENANCY:
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


More information from this agent

Nearest station

  • Northampton (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

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Map & Street View

Nearest station

  • Northampton (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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