Retail premises for sale in Wellingborough Road, Abington, Northampton NN1

Key Points

Description

A fully let mixed retail and residential property investment presently generating £28,080 per annum by way of a Fri 15 year lease from 24th May 2019 at a rent passing of £12,000 per annum exclusive (rent review pending) on the ground floor/basement plus two independently accessed self contained flats on first and second floors generating £8,400 and £7,680 respectively on 6 month AST leases.

Location

The property occupies a prominent corner position at the junction between the busy A4500 Wellingborough Road and Victoria Road approximately 1/2 mile east of Northampton town centre. Wellingborough Road is a main entrance way into Northampton Town Centre with a variety of different shops and heavy footfall with a variety of retail and restaurant uses. The large St Michaels multi storey car park is within a short walking distance to the property.

Northampton is one of England’s fastest growing towns and is the strategic location for many national organisations as their central hub for business. Northampton has excellent rail and road communications, with hourly train services to London and road links to the M1 at Junctions 15,15a & 16 and additionally to the A14 in the North.