Property description

> Freehold
> Land to the Rear to Extend
> Strong Demand for 1 and 2 Bed accommodation
> High employment Area
> Close to all transport links
> Major Re-development in the town centre.
> A jobs growth target of 12,400 jobs. Set by Central Government
> Hugh industrial estates in the town. Inc:-
- Park Farm Ind Est.
- Denington Ind. Est.
- Leyland Ind. Est.
- Finedon Road Ind Est.
> Five Major Supermarket Brands in the Town Centre:-
- Tesco
- Asda
- Sainsbury
- Aldi
- Morrisons
> Many Retails Parks in the town Centre.
> Vast array of Leisure facilities
Wellingborough has approximately 2,500 registered businesses within its boundaries. Much ofthe town centre was redeveloped during the 1970s, when it grew rapidly from Londonoverspill. The Borough Council has adopted a 'Town Centre Action Plan'. The formertraditional economic structure based on footwear and engineering is gradually diversifyingwith wholesale, logistics, and service sectors providing new opportunities for employment.As a market town, Wellingborough has major high street chains mainly located in the towncentre. The only shopping centre, Swansgate previously known as the Arndale Centre, wasbuilt in the 1970s. Since 2009 the Borough Council has been looking at rebuilding the centreand major stores want bigger floor-spaces. Supplementing the town centre shops are severalretail parks and supermarkets including a Sainsbury's, Tesco stores, an Aldi store and aMorrisons store in the town centre. The town has a market three times a week and a weeklyprivately organised market.
Other businesses operating within the town include motorsport, high performanceengineering, distribution, engineering, environmental technology and renewable energy,digital and creative media, financial and business services, and global brands, once suchbrand being Cummins UK at Park Farm, and major park home manufacturer Tingdene HomesLtd at Finedon Road Industrial Estate. There are several industrial estates in the town, theseinclude Park Farm,Denington,Leyland and Finedon Road.As part of its Milton Keynes South Midlands (MKSM) study, the government has identifiedWellingborough as one of several towns in Northamptonshire into which growth will bedirected over the next coming years. It allocates 12,800 additional homes to Wellingborough,and will also create additional facilities, further improve the town centre, improveinfrastructure and increase employment opportunities. A jobs growth target of 12,400 jobshas been set to accompany the large scale housing growth. A plan for 3,000 homes north ofthe town has been accepted by the British Government.
As a result, plans have been made for a major urban extension in the town, mainly to theeast of the railway station. When finished, the town would be around 30% larger and 3,200new homes would be built on 'Stanton Cross' site, with new schools, bus stops, communitycentres, shops, a doctor's surgery and new open spaces. The railway station would bedeveloped into an 'interchange' with local buses and trains. The upgrade would provide anew platform, footbridge and new station buildings. Outside the station a new road bridgefrom Midland Road over the railway line is also planned with a new footbridge to reach thenew development. Other plans to include the development of the High Street, Shelley Roadand the north of the town areas have been included to re-generate the area.

Property Features :

• Approximate market value £ 950,000. HMO upon Status, Rental Income x 10 (%)
• Guide Price £ 595,950
• Monthly Mortgage Payment: £ 1,862.
• Estimated Rental Income per Month £ 7,626.66. ( £ 92,000 per annum)
• Monthly Cash Flow £ 5,764.66