25a Midland Road, Wellingborough, Northamptonshire, NN8 1HA
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- FOR SALE BY AUCTION ON THURSDAY 18TH SEPTEMBER 2025 (UNLESS SOLD PRIOR).
- In the same family ownership for over 25 years
- Producing £14,000 per annum
- Gross Yield 10%
Description
Located near to the junction with Market Street amongst a host of local traders and diagonally opposite an entrance to the Swansgate Shopping Centre which houses multiples including Boots, Superdrug, Holland & Barrett, Greggs and many others.
Wellingborough is a market town located approximately 10 miles northeast of Northampton and 8 miles south of Kettering enjoying easy access via the A45 to the M1 (Junction 15).
PROPERTY
An end of terrace building comprising a Ground Floor Shop and Basement together with internal and separate side access to a Self-Contained Flat on the first and rear second floors.
ACCOMMODATION
Ground Floor Shop
Gross Frontage 16'4"
Return Window Frontage 8'11"
Internal Width 15'5"
Shop Depth 27'0"
Built Depth 59'7"
Rear Prep Area Approx. 174 sq ft
WC
Basement
Storage Area Approx. 310 sq ft
First & Rear Second Floor Flat
2 Bedrooms, Living Room,
Kitchen, Shower Room/WC
GIA Approx. 640 sq ft
VAT is NOT applicable to this Lot
FREEHOLD
TENANCY
The entire property is let on a full repairing and insuring lease to C. Patel as a Pizza Restaurant/Takeaway for a term of 16 years from 30th April 2021 at a current rent of £14,000 per annum exclusive.
Rent Reviews 2027 and 2032
Note 1: The flat is currently used as Ancillary Accommodation by the tenant.
Note 2: There is a Rent Deposit of £12,500 being held.
Note 3: The shop has been used as a Pizza Take-away for over 35 years.
Note 4: There is a 6 Week Completion.
Energy Performance Certificates
EPCBrochures
25a Midland Road, Wellingborough, Northamptonshire, NN8 1HA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wellingborough Station0.7 miles
Notes
Disclaimer - Property reference MidlandRoad. 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 Barnett Ross, Barnett Ross. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Barnett Ross, Barnett Ross on 020 8106 0950.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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