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High Street, Rushden

PROPERTY TYPE

Terraced

BEDROOMS

2

BATHROOMS

1

SIZE

1,100 sq ft

102 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

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
  • 8% gross yield
  • Ideal investment opportunity

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, offering a gross yield of 8%.


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 
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

High Street, Rushden

Approximate location

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Extension potential
Recently sold & under offer
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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.

Affordability

Monthly repayments£1,179
Property: £ 235,000
Deposit: £ 23,500
Interest rate: 5.33%
Term: 30 years
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Disclaimer - Property reference 100721026324. 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 Richard James Estate Agents, Rushden. 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.

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