Retail premises for sale in Roman Road, Little Stanion, Corby NN18

Location

Little Stanion, designated as a “committed new village” is located around 1.1 miles southeast of the centre of Corby and enroute to the nearby 3.3m sq ft EuroHub distribution and warehouse development. The first of over 1,000 planned dwellings completed in 2008, with over 950 now occupied.

Home to the Little Stanion Primary School, a one-form entry school with around 300 places which opened in 2012, the Village Square is the commercial neighbourhood heart of the new community.

Corby is a major growth area, the aim being to create a vibrant and sustainable community increasing the population 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 in 2009, with a London St Pancras passenger service.

Description

The commercial element of The Village Square development is all on the ground floor and comprises this Convenience Store let to Tesco Express, Coffee Shop with Soft Play area let to Full of Beans and the last remaining shop which is available to let and suitable for hair and beauty or other retail use.

There is a designated shoppers car park.

Retail Unit 3 let to tesco stores limited t/a tesco express

Retails Unit 2 let to full of beans
Retail Unit 3a 840 sq ft is available To Let

Lease

Retail Unit of 2,863 sq ft is Let to Tesco Stores Limited, Trading as tesco express on a 15 year lease from 2023 at a rent of £55,000 pa exclusive payable quarterly in advance. There is an upward only 5 yearly rent review with a cpi Indexation Cap at 3% and a Tenant only Break after 10 years on giving 6 months Notice.

Tenure

The 3 ground floor retail units, are held on 120 year leases from 2023 at a peppercorn rent with no review.

Each Investment is for sale individually or consideration will be given to the sale of the spv Company which include associated pavements and adjoining shopper car park. Details on request.

Offers invited in the region of £900,000 for the Tesco Stores Investment let at £55,000 pa showing a gross yield of 6.11%

Viewing and further information

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