193 Watling Street, Towcester, Northamptonshire, NN12
£204.69 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,832 sq ft
170 sq m
- SECTOR
High street retail property for sale
Key features
- Ground floor retail unit with 3 bedroom flat above
- Fully let investment opportunity
- Producing £25,900 per annum rising to £26,900 in March 2025
- Prominent position in the town centre
- 1,832 sq. ft. (170.2 sq. m)
- Guide price of £375,000
Description
The building is arranged as a ground floor retail unit with a three-bedroom flat to the first floor. There are character features throughout and to the rear is a small garden with side access onto an alleyway leading through to Watling Street.
Location
The property is situated in Towcester town centre on Watling Street. The property is in a prime position with nearby occupiers including Jardines Pharmacy, Costa Coffee, Specsavers, Co-operative food and a range of independent retailers. The Sponne Car Park has recently opened providing 150 spaces.
Accommodation
Ground Floor Commercial (Net Internal Area) - 86.6 sq. m. (932 sq. ft.). First Floor Residential (Gross Internal Area) - 83.6 sq. m. (900 sq. ft.). Total - 170.2 sq. m. (1,832 sq. ft).
Tenure
The freehold interest is offered for sale subject to the existing tenancy agreements.
Tenancies
The ground floor is let on a 5 year FRI lease from March 2023. The passing rent is £16,000 per annum which increases to £17,000 per annum in March 2025. The first floor is let on an Assured Shorthold Tenancy agreement with the tenant holding over on a periodic tenancy. The total passing rent is £25,900 per annum
Price
Guide price of £375,000 exclusive.
Services
We understand that the property is connected to mains electricity, water and drainage. The services have not been tested by the Agent.
EPCs
The ground floor has a rating of ‘D’ (66). The first floor has a rating of ‘C’ (58).
Taxation
The ground floor has a Rateable Value of £10,000 and the flat is assessed for Council Tax within Band A. Any rates payable should be confirmed with the Local Authority.
VAT
We understand VAT is not applicable to the sale.
Legal Costs
Each party is to bear their own legal and professional costs.
Local Authority
West Northamptonshire Council, One Angel Square, Angel Street, Northampton, NN1 1ED
Brochures
193 Watling Street, Towcester, Northamptonshire, NN12
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Northampton Station8.1 miles
About Berrys Commercial, Towcester
Oak House, 32 Ashby Road, Towcester, NN12 6PG
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By combining the technical knowledge of our building consultancy and lease advisory teams with the market expertise and local contacts of our commercial sales and lettings professionals, we are able to provide strategic, knowledgeable advice for you and your commercial property.
Contact us today to see how we can help you maximise your asset.
Notes
Disclaimer - Property reference TOW240009. 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 Berrys Commercial, Towcester. 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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