Property description
Contracts on the sale of this property have now exchanged.
Here lies in the busy residential and retail area of Kettering Road Northampton a commercial and residential property investment opportunity.
The property available is For Sale freehold and includes 2 retail busy street facing shops, 3 residential flats and a car park.
Vehicle and pedestrian access to the rear of these retail units and the flats is from Clare Street - the 3 flats are known as 161 Clare Street Northampton NN1 3JA.
133 Kettering Road consists of a retail area and a cellar - currently a successful convenience store with a 7 year lease that commenced in December 2011 with a rent review in December 2015.
135 Kettering Road consists of a retail area, a store to the rear and a cellar - currently a successful butchers with a 21 year lease from February 2006 with 3 year rent reviews, the next one being February 2015.
The combined commercial rent is £13,444 pa.
There is a secure car park to the rear accessible from 161 Clare Street - plenty of room to share parking facilities and further potential income generation.
The pictures should give you a good indication as to what this investment looks like.
The residential flats consist of 1 one bedroomed ground floor and 2 two bedroomed - all three are successfully let by nice responsible behaving paying tenants, each with an up-to-date assured shorthold tenancy agreement.
The combined residential rent is £17,340 pa.
That's a total of £30,784 pa.Viewing the outside of the property is very easy so feel free to pop into the car park at the rear and have a look around.
Once we have cleared up any questions you may have and you are serious about purchasing we will arrange for you to take a look around inside.
Any questions please direct them to Paul Campbell or Carla Field on 01327 878926. Or alternatively email p.campbell@campbell-online.co.uk.
Image of misc
Image of misc
Image of house front
Property Features :
- Commercial Investment Opportunity
- 2 Retail Shops on Busy Street
- 3 Flats
- Combined income of £29,450
- Nicely behaved paying tenants