Under Offer

TypeRetail Investments · Ground Rents

NN1 41 Bridge Street, 37-41 Bridge Street, Northampton

TenureFor sale

41 Bridge Street, 37-41 Bridge Street, Northampton, NN1 1/1

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.

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