Retail Property (high street) to rentTowcester, Northamptonshire
Removed 880 sq. ft. | £13,500 pa| £1,125 pcm
- 880 sq ft (81 sq m)
Towcester is a vibrant and expanding market town in South Northamptonshire. The town is set for significant expansion over the next few years with proposals for 3,000 homes to be built as well as commercial opportunities as part of the Moat Lane Regeneration Scheme. Junction 15A of the M1 motorway is approximately seven miles north east and provides access to Northampton. Junctions 10 and 11 of the M40 motorway are both approximately 18 miles west and Milton Keynes is some 8 miles south via the A5. Towcester racecourse and Silverstone Circuit are approximately 0.5 and 3 miles away respectively.
The property is situated on the A5 Watling Street East on the periphery of the main retail pitch. The town has various pubs, restaurants and independent and national retailers including Costa Coffee, Barclays Bank, Co-operative food store, Lloyds pharmacy, Coral bookmakers and the newly opened 185 Watling Street Pub and Kitchen.
The property is a ground floor retail unit which forms part of a chapel which has been converted to commercial use.
The property has a glazed frontage and is arranged as a ground floor retail unit with store room, kitchen and WC to the rear. There are two allocated car parking spaces to the front of the shop and free parking nearby in Towcester town centre.
The property provides approximately 880 sq. ft. (81.75 sq. m.) of retail space.
We understand that the property is connected to mains electricity, drainage and water however these services have not been tested by the agent. Heating is via electric heaters and air conditioning units.
The unit is available by way of a new full repairing and insuring lease with terms to be agreed. A deposit equivalent to three months rent will be required.
The property has a rateable value of £9,200. Adopting the multiplier for 2016/17 this equates to a rates payable figure of £4,627.60. Any rates payable should be confirmed with South Northamptonshire Council.
Each party is responsible for their own legal costs incurred in the transaction.
There are two allocated car parking spaces
We understand that the property has planning permission within Use Class A1 - Retail under the Town and Country Planning (Use Classes) Order 1987 (as amended).
Strictly by appointment with the agent. Contact Duncan Batty of Berrys on:
T: 01327 356140
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