25a Midland Road, Wellingborough, Northamptonshire NN8 1HA
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 27 Freehold Shop & Flat – Gross Yield 10% In the same family ownership for over 25 years 6 week completion SITUATION Located near to the junction with Market Street amongst a host of local traders and diagonally opposite an entrance to the Swansgate Shopping Centre which houses multiples including Boots, Superdrug, Holland & Barrett, Greggs and many others. Wellingborough is a market town located approximately 10 miles north-east of Northampton and 8 miles south of Kettering enjoying easy access via the A45 to the M1 (Junction 15). PROPERTY An end of terrace building comprising a Ground Floor Shop and Basement together with internal and separate side access to a Self-Contained Flat on the first and rear second floors. ACCOMMODATION Ground Floor Shop Gross Frontage 16'4" Return Window Frontage 8'11" Internal Width 15'5" Shop Depth 27'0" Built Depth 59'7" Rear Prep Area Approx. 174 sq ft WC Basement Storage Area Approx. 310 sq ft First & Rear Second Floor Flat 2 Bedrooms, Living Room, Kitchen, Shower Room/WC GIA Approx. 640 sq ft VAT is NOT applicable to this Lot FREEHOLD TENANCY The entire property is let on a full repairing and insuring lease to C. Patel as a Pizza Restaurant/Takeaway for a term of 16 years from 30th April 2021 at a current rent of £14,000 per annum exclusive. Rent Reviews 2027 and 2032 Note 1: The flat is currently used as Ancillary Accommodation by the tenant. Note 2: There is a Rent Deposit of £12,500 being held. Note 3: The shop has been used as a Pizza Take-away for over 35 years.
