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Commercial Development for sale

Spencer Bridge Road,Northampton,NN5

0 sq. ft. | £390,000

Property Description

Full description

Tenure: Freehold

Early viewing and interested is highly recommended
Situated in the bustling town of Northampton
Genuine reason for sale due to retirement
Potential rental income of 940pm
Scope for further development
Walk in condition

These superb properties have an ideal location situated in Northampton, Northamptonshire. Northampton is a large market town which is situated in the East Midlands region of the UK. The town offers a wonderful quality of life from having excellent shopping facilities, good NHS services, schools, desirable housing, many entertainment venues and a warm and welcoming local community. It also offers a large display of well maintained parks with neighbouring open countryside. Northampton also benefits from being very closely situated to the M1 motorway which makes visiting and commuting very easy.

Business History
Meridian Business Sales are delighted to offer to the market this fantastic commercial property/development opportunity which has been stood since 1700's; however our clients took ownership of them in the 1960's. Our clients are reluctantly offering the business to the market due to a desire to take well deserved retirement. Since our clients took ownership of the property they have undertaken a full programme of refurbishment meaning that the premises are in full walk in condition. The properties are large and imposing and with the right planning in place could be converted to be used for multiple uses such as residential flats or a variety of businesses. Each property gains our clients a respectable income, a total of around 940pm. Meridian Business Sales urge early viewing on this property so as to fully appreciate the redevelopment potential and the competitive price being asked.

Financial Profile
Rental Income Currently -
119 St. James Road 400pm
119 Storage Unit 240pm
61 Spencer Bridge Road 300pm

We are advised freehold

Well presenting character properties, briefly comprising:

119 St. James Road
Secure entrance leading to:
Shop entrance
Toilet facilities

Bay window
Double bedroom
Double bedroom
Fully fitted kitchen

61 A + B Spencer Road (Currently in use by owner for own business)
Secure entrance leading to:
Display showroom
Storage area

Fully fitted kitchen
Toilet facilities
Office area

61c Spencer Road - Side entrance
Secure roller shutter entrance, leading to:
Storage room 1
Storage room 2
Storage room 3

Map & Street View

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