This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

3 bedroom commercial property for sale

Newland Street, Kettering

£97,750

Property Description

Key features

  • 27 years in the town
  • Established Newsagents
  • Lottery/Pay Point commissions 10k p.a
  • Sales 428k p.a/17% margin.
  • High Footfall Area
  • 8,900 rateable value
  • Three Bedroom Apartment Above
  • Contact Agent to View

Full description

Tenure: Leasehold


SUMMARY
A well established newsagent and off licence with a presence in the heart of Kettering for over 27 years.


DESCRIPTION
A well established newsagent and off licence with a presence in the heart of Kettering for over 27 years.

The business is located in a high footfall area in the city centre of Kettering. This is a unique opportunity to buy a new leasehold business with accommodation on the first floor!

Sales 428k p.a/17% margin.

Lottery/Pay Point commissions £10k p.a

£8,900 rateable value

The business sells Newspapers and Magazines, Confectionery, Drinks (alcoholic and non alcoholic), Greetings Cards, Specialist Tobacco Products.

Spacious 3 bedroom living accommodation on the first and second floor

Lower ground floor also contains; Store room, Office, Kitchen and WC with access to rear of property


Price: £97,750 plus Stock (approx. value £20k-£25k)

Property Information
Property: Leasehold
Lease Terms: New Lease to suit both parties
Leasehold Rent: £18,000 per annum
Location: Prime location in the city centre

Premises Details:
Lower Ground: WC, Kitchen, Office, Store room (approx. 586 Sq Ft)
Ground Floor: Retail Space (approx. 569 Sq Ft)
1st Floor and 2nd Floor: 3 bedroom spacious accommodation (approx. 455 and 488 Sq Ft respectively)


Additional Potential:
Only open 6 days a week, with potential to open an extra day on Sunday

Trading hours:
Mon-Fri 06:30 -19:00 Sat: 07:00 -19:00 Sun: Closed

Years established: 27


Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SHARMAN QUINNEY NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.


More information from this agent

Map & Street View

Disclaimer - Property reference KPL201130. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattison Lane, Kettering. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.