60 & 62 Gold Street, Kettering, Northamptonshire, NN16

Location

The property is located within the main Town Centre on Gold Street which is close to banks such as Halifax, Santander and Nationwide and is surrounded by other independent retailers to include hair & beauty, food & drink and other retailers. Kettering Borough has a estimated population of 100,000.

Description

The property comprises of two ground and first floor retail units situated in a prominent position in the Town, opposite the Newlands Centre. The properties are constructed from stone with a glazed frontage under a pitched roof. The ground floor provides mostly open planned space with an upper ground floor retail area to the rear. The first floor provides additional retail space / storage with a kitchen, toilet, and store room to the rear. There is refuse disposal and vehicle access to the rear from Silver Street.

Accommodation

The property has been measured on a net internal area and is as follows: 60 Gold Street - 2,197 sq. ft. (204.11 sq. m.). 62 Gold Street – 353 sq. ft. (32.80 sq. m.). Total – 2,550 sq. ft. (236.91 sq. m.).

Terms

The Freehold interest is available at an Asking Price of £300,000. 60 Gold Street let in June 2026 on a new 5 year FRI lease at £17,000pax increasing to £20,000pax throughout the term. 62 Gold Street is let on a commercial lease with a current passing rent of £7,000 per annum.

Business Rates

60 Gold Street has a rateable value of £16,750 1st April 2026. 62 Gold Street has a rateable value of £5,600 1st April 2026.

Services

We understand that all main services are connected to both properties, but these have not been tested by the agent.

VAT

VAT is not applicable to the sale price.

EPC

Both properties have an EPC rating of ‘C’, and expire in 2035.

Legal Costs

Each party are to bear their own legal costs incurred during the transaction.