Property for sale in Kettering Road Northampton NN1

Sale Price: £350,000

Kettering Road Northampton, NN1 4BS

Property
-- Bed(s)
-- Bath(s)
Not Available Anymore

 36 High Street, Daventry, Northamptonshire, NN11 4HU
*When you call don't forget to mention Overstreet.co.uk

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Street Address

Kettering Road Northampton, NN1 4BS

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.





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Property Features :

  • Commercial Investment Opportunity
  • 2 Retail Shops on Busy Street
  • 3 Flats
  • Combined income of £29,450
  • Nicely behaved paying tenants
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