Investment, For Sale
Retail Development, 106 Gold Street, Wellingborough, Northamptonshire, NN8 4ES.
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Details
Property Reference
JAGD/4159
Address
Retail Development, 106 Gold Street, Wellingborough, Northamptonshire, NN8 4ES.
Location
The property is located in the market town of Wellingborough in North Northamptonshire, approximately 11 miles northeast of Northampton.Gold Street is situated in a popular residential area forming part of Wellingborough urban core within walking distance of the town centre. Local amenities in the town include a plethora of shops and cafes, services and transport links.
The property itself enjoys a strong central location fronting onto Gold Street with good visibility from passing pedestrian traffic and close proximity to complementary retail and service users. It immediately adjoins and is opposite established residential development, with Sir Christopher Hatton Academy secondary school located nearby.
Description
The property comprises a detached single storey retail complex providing two adjoining retail units with glazed frontages on a self-contained site of approximately 0.54 acres (0.218 hectares) including customer car parking to the front for 24 vehicles and a delivery/service area to the side.The building was constructed within the last 10 years and parts of the roof are still covered under the contractor's warranty (interested parties to make their own enquiries in this regard).
The larger unit (106a) is occupied by Heron Foods and features a spacious ground floor, open plan retail area with ancillary storage to the rear. The smaller unit (106) is occupied by Barnardo's and offers well presented retail accommodation, which is suitable for a variety of uses.
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Retail Development, 106 Gold Street
Detailed Specification
Size
5,000 sq ft on 0.54 acPrice/ Rent
We are instructed to seek offers in excess of £1.1 million for the freehold interest.Accommodation
106a Gold Street 4,000 sq ft 371.61 sq m 106 Gold Street 1,000 sq ft 92.9 sq m Total Area 5,000 sq ft 464.51 sq m Services
We understand that all mains services are available or connected to the property. It should be noted that we have not checked or tested these services and interested parties should make their own enquiries.Planning
We understand the property currently has planning permission for uses within Class E of the Town and Country Planning (Use Classes) Order 1987 (as amended).Tenure
Investment: The property is available to purchase freehold subject to the occupational tenancies. For lease details/covenant strength, please refer to marketing brochure.Service Charge
We understand a service charge is payable by the tenants to the landlord for the upkeep and maintenance of the common areas. Further details upon request.Local Authority
North Northamptonshire Council, Sheerness House, 41 Meadow Road, Kettering, Northamptonshire, NN16 8TL - Tel: 0300 126 3000Rateable Value
According to the Valuation Office Agency website, the rateable values of the units in the 2023 Rating List are: 106a Gold Street £48,750 and 106 Gold Street £14,000.Energy Performance Certificate
106a Gold Road has an energy rating of B. 106a Gold Road is currently being reassessed and a new EPC will be available shortly.VAT
All figures quoted are exclusive of VAT, which may be payable at the prevailing rate. The property is elected for VAT and VAT would be payable on the purchase price. The intention is to sell as a TOGC.Legal Costs
Each party to be responsible for their own legal costs in connection with this matter.Viewing
Strictly by prior appointment with the Agent's Telford office:Additional Viewing Information
Contact: Andrew Dixon MRICS
Direct Line: 01952 521005
Mobile: 07957 828 565
Email: andrew@andrew-dixon.co.uk
Ref: JAGD/4159
Disclaimer:
Andrew Dixon & Company. for themselves and for the vendors or lessors of this property whose agents they are give notice: (1) The particulars are set out as a general outline for the guidance of intending purchasers or lessors, and do not constitute, nor constitute part of, an offer or contract. (2) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not reply on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (3) No employee of Andrew Dixon & Company. has any authority to make or give representation or warranty whatever in relation to this property.
As far as possible, these particulars are intended to give a fair description of the property. Unless otherwise stated, no enquiries have been made of statutory authorities nor tests made of electricity, plumbing or other services installed in the property. No warranties or certificates of building work, leases/title documents have been inspected. Such information as is given in these particulars is based on a purely visual inspection only and information supplied to us by the vendor/lessor. Interested parties must take their own measurements in order to satisfy themselves that the premises are suitable for their own requirements. Our measurements are approximate in order to give an indication of size only. Whilst every care has been taken to prepare these particulars, we would be grateful if you could inform us of any errors or misleading descriptions found in order that we may correct them in our records.
