A mixed use residential and commercial investment opportunity standing in a prominent High Street position comprising ground floor retail premises with a residential maisonette above

The ground floor retail space extends to an area of approximately 610 square feet with a separate two bedroom maisonette above accessed from the rear with garden and parking space, the maisonette currently let on an Assured Shorthold Tenancy. The total rental income potential is estimated to be £14,000 and £17,000 per annum when fully let.

Tenure

Freehold

Planning

We understand that the retail unit currently has A1 planning consent and any other use may be subject to a change of use application being required and any information regarding this should be obtained from the Local Authority direct.

Rateable Value

The ground floor shop has a rateable value of £7,400 and the first floor flat is under Council Tax Band A. It is recommended that any interested party should contact the Local Authority in order to clarify the amount payable under the Small Business Rates Relief Scheme.

VAT

The sale price quoted is exclusive of VAT which the Landlord may choose or have a duty to impose on the sale and confirmation should be obtained prior to bidding.

Viewing

By appointment with the Auctioneers telephone 01604 259773

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

East Northamptonshire District Council

Solicitors

Scott Fowler Solicitors, Old Church Chambers, 23-24 Sandhill Road, St James, Northampton NN5 5LH, Ref: Geoff Cotterill , Tel: 01604 750506

Additional Fees

Administration Charge - Please see above details

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.