Office for sale in High Street, Corby NN17

£940,000 (£208.89/sq. ft)
Office for sale 4,500 sq. ft*
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Property features

  • Commercial investment for sale
  • 2 shops, potential for A third
  • 10 serviced office suites above
  • Short walk from the railway station
  • Popular old village location
  • Investment sale; businesses not affected

Property description

High street investment

location


Situated in the Old Village area of Corby High Street. The Old Village provides neighbourhood shopping, Post Office, Newsagent and Supermarket, together with professional office occupiers. There is short term street parking and a nearby shopper car park.

Corby is one of the fastest growing towns in the Midlands, and a major growth area. The aim being to transform Corby into a vibrant, successful and sustainable community increasing the 2011 Census population of 61,300 to around 110,000. Corby benefits from rapid road communications on the A14 A1-M1 dual carriageway, with access at Kettering and Thrapston. A new railway station was completed within walking distance in 2009, with a London St Pancras passenger service.


Description


High visibility property located on the junction of High Street and The Jamb in Corby’s Old Village.

The ground floor is divided into the two main retail units which are let and income producing, with scope to convert an existing garage/store into a third shop, studio or professional office.

The upper floors have been extended and refurbished by the current owners providing small and medium serviced offices known as Sarrington House. Communal Kitchen and Toilets. Gas radiator central heating and fire alarm system.

In total there is around 2,450 sq ft of upper floor office space plus the communal areas.

The Energy Performance Asset Rating of the shops are within Bands B and D, and the offices are within Band D.


Rates


Each individual property has its own Rateable Value, which at £12,000 or less, means that they are potentially rate free with Small Business Rate Relief if it is the only commercial property occupied by the individual tenant.


Leases


The two main ground floor shops are let and producing in excess of £32,000 pa. 37 High Street trades as the Village Bistro, and 41 High Street as Lush Hairdressers.

A former garage/store of around 455 sq ft to the rear of 39 has further potential subject to planning for conversion to a retail salon or studio, which could have independent access from the side. Not currently let, so on completion will increase income.

The upper floor offices have a High Street entrance, known as Sarrington House, at 39 High Street. The first floor is divided into 8 individual offices, one of which is currently let with an independent staircase into Lush Hairdressers below and is used as an ancillary treatment room.

Two larger studio suites are located on the second floor.

Communal kitchen and toilets.

The individual offices and studio suites are let on a serviced basis. The monthly rent includes electricity, heating, building insurance and cleaning of the communal kitchen and toilets. The potential rack rental income of the upper floor offices is in the region of £53,000 pa

The offices are typically let on an initial 1 year lease, with rent payable monthly in advance.

The property is largely let and income producing. Further information is available on request.


Tenure


The whole property is available for sale freehold at £940,000 subject to the existing leases and with the benefit of the rental income.


Viewing and further information


Strictly by appointment with the Agent
David Walker Commercial
9 Rushton Road
Wilbarston
Market Harborough LE16 8QL

Call David Walker

Property info

Floorplan(s): Floorplan 1

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* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
David Walker Commercial, LE16 on +44 1536 235622 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by David Walker Commercial, and do not constitute property particulars. Please contact David Walker Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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