TypeRetail Investments · Ground Rents
NN1 41 Bridge Street, 37-41 Bridge Street, Northampton
TenureFor sale
Specification
- Building size
- Building size 3,389 sqft
- Property type
- Property type Retail Investments · Ground Rents
- Tenure
- Tenure For sale
Description
Fully let retail investment
The block of properties comprises of 2 x ground floor retail units and the freehold of 20 residential flats located on the upper floors, please note the flats have been sold off on a long-leasehold basis.
The property is of brick construction, with a rendered finish to the upper floors, underneath a flat roof. The ground floor commercial units benefit from large glazed shop fronts.
Current income:
37 Bridge Street - £26,000 per annum exclusive
39-41 Bridge Street - £24,000 per annum exclusive
Ground rent for 20 x flats - £4,000 per annum exclusive
Total aggregate income - £54,000 per annum exclusive
Further information on leases can be provided upon request
2 x let retail units
Current aggregate income of £54,000 per annum exclusive
Ground rent for 20 flats above (flats have been sold on a long leasehold basis)
Location
With a population in excess of 220,000 Northampton is one of England's largest and 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. Bridge Street has historically been characterised by estate agency offices and pubs, clubs, restaurants and takeaways making it a popular night-time destination.
