Withdrawn
- Commercial Property
- Tenure: Leasehold
Call the team on 01604 259 773 for more information
Substantial ground floor premises on new 125 year Head Lease and providing a commercial investment opportunity let on FRI Lease to July 2021
The property extends to an internal floor area of 1,450 square feet, together with service yard at the rear and trades as the Heart and Soul Italian Restaurant and Pizzeria at a rent passing of £16,000 per annum. The property is located on the northern side of Kettering town centre within walking distance of the centre and directly opposite the Sainsburys Supermarket.
Tenure
Leasehold
Accommodation
Entrance hall, restaurant, bar service room, customer toilets, food preparation area, kitchen and freezer room
Outside
Rear courtyard
Terms of the Lease
The property will be sold with a new 125 year Head Lease commencing on the completion date and subject to a ground rent of £100 per annum, doubling every twenty five years. The property is let on an Assignment of a Lease dated the 3rd July 2006 to expire on the 2nd July 2021 to the tenant, Anna Fragione. The tenant is responsible for a contribution to buildings insurance.
Services
Main drainage, gas water and electricity are connected. Space heating is through fan convector and air conditioning units to the restaurant area and there is a main combi HE gas fired boiler providing hot water and central heating to the customers WCs.
VAT
The property is registered for VAT and this will be chargeable in addition to the purchase price.
Location
The Rockingham Road runs due north from Kettering town centre and the property is located opposite the Sainsburys Supermarket.
Viewing
Please contact the Auctioneers on 01604 259773 to arrange an appointment to view
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Kettering Borough Council
Solicitors
Keith Harvey & Company, 43 High Street, Market Harborough, Leicestershire LE16 7AQ, Ref: Sarah Collins, Tel: 01858 464327
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.