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COMMERCIAL

High Street, Rushden, Northamptonshire, NN10

£235,000
Richard James Estate Agents, Rushden
PROPERTY TYPE

Mixed Use

BEDROOMS

2

BATHROOMS

1

SIZE

1,100 sq ft

102 sq m

Key features

  • Approx. 1,100 sq ft
  • Freehold property - ground floor retail unit and first floor two bedroomed flat
  • Retail unit currently let (£10,200 per annum)
  • First floor flat currently let (£9,000 per annum)
  • Prominent town centre location
  • Flat has been updated in recent years
  • Retail unit offers large shop unit, store room and WC
  • Generates 8% gross yield

Description

A freehold mixed use property situated in a prominent town centre location offering a ground floor retail unit with separate two bedroomed first floor flat. Both the retail unit and flat above are let and generate a gross income of £19,200 per annum.

Accommodation:

Ground floor retail unit
6 High Street, Rushden - Currently let at £850pcm (£10,200 per annum)

Comprises shop/retail area, store room, cloakroom.


First Floor Two Bedroomed apartment

6a High Street, Rushden - Currently let at £750pcm (£9,000 per annum)


Outside - On street parking

SERVICES:

We understand mains water, electricity and drainage are connected to the property.

BUSINESS RATES:

You will have to make your own enquires with regards to business rates.

LEASE:

Retail lease is on full repair and insuring basis up to 31/08/2027

£6600PA

Generates a gross income annually of £19,200, which is just over an 8% gross yield.

ENERGY EFFICIENCY RATING:

6 High Street (Retail Unit) - D - 94
6a High Street (Flat) - E- 49

High Street, Rushden, Northamptonshire, NN10

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wellingborough Station3.5 miles
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About Richard James Estate Agents, Rushden

74 High Street, Rushden, NN10 0PQ
Industry affiliations:

Richard James Estate Agents was formed in 1991 by the partners Richard Fowler & James Rota, who, after gaining years of experience in the industry, felt that they could provide the local property market with a superior service.

The aim of both is to offer East Northants an independent Estate Agents, who practice traditional methods whilst maintaining the highest level of customer service.

Due to expansion in 1995, the business was relocated to larger, higher profile premises in the heart of Wellingborough. The company expanded once again in early 1999, by opening an addtional office in nearby Irthlingborough.

Mike Taylor, with ten years previous experience in the industry, became a partner in the business, and has rapidly succeeded in establishing Richard James Estate Agents reputation for selling houses in Irthlingborough and the surrounding area.

The Irthlingborough office covers the towns and villages in the east of Northamptonshire including, Finedon, Stanwick, Raunds, The Addingtons, Thrapston, Woodford and Burton Latimer.

Richard James prides itself in employing a team of highly experienced, motivated negotiators who have pushed the agency forward to arguably become the towns leading agent.

Notes

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