Retail premises for sale in 193 Watling Street, Towcester, Northamptonshire NN12
* Calls to this number will be recorded for quality, compliance and training purposes.
Property 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
Property description
The property is a Grade II listed, two storey, mid terrace building constructed from solid brick walls, underneath a dual pitched and tiled covered roof.
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
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Berrys, SY2 on +44 1743 534599 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Berrys, and do not constitute property particulars. Please contact Berrys 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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