£95,000
(£184.11/sq. ft)
Restaurant for saleMill Road, Kettering NN16
516 sq. ft
About this property
Fully let Investment
Long established business
Freehold Investment
Busy location
Business not affected by the sale
Location
The property is located in Mill Road close to the junction with Windmill Avenue, Premier convenience store, post office and pharmacy.
Kettering is situated on the A14 and A43. It has a main line railway station with regular London St Pancras service and is due for expansion under proposals to significantly increase the town population by 2030 as part of the Milton Keynes and South Midlands Growth Area.
Description
Individual single storey rendered brick shop with a pitch concrete tile roof, and a single storey rear addition accommodating the preparation area, store and outside WC. Pedestrian access from Mill Road to the outside part covered yard.
Internally the main front shop and frying area has two glazed display windows and a separate customer entrance door, with an adjoining side store room.
Behind is a mainly tiled preparation area, with door into the rear courtyard. Access to the rear store which also has a door into the part covered rear yard, which has pedestrian access to Mill Road. Outside WC.
Shop and side store 234 sq. Ft
Preparation room 150 sq. Ft
Rear store 132 sq. Ft
All Ground Floor area of around 47.95 m2 516 sq. Ft plus yard and WC
Mains water, drainage gas and electricity all appear to be connected. The property has an EPC rating within Band D.
Rates
The 2023 Rateable Value is £2,800. A qualifying tenant will be able to claim 100% Small Business Rate Relief with no rates to pay.
Lease
Let on a lease dated 12 May 2008 for 30 years from 12 May 2008 at a rent of £9,096 pa. There is provision for 5 yearly rent reviews. The tenant is to keep in good and substantial repair.Further details are available on request.
Planning
This is a long-established chip shop (fast food take away.)
Subject to confirmation there should be Permitted Development rights under the Town and Country Planning General Permitted Development Order to Class E (which includes retail and cafe) and subject to prior approval to residential.
Tenure
Freehold subject to the existing lease. For sale at £95,000 exclusive showing a gross yield of 9.575% on the current annual rent of £9,096.
Viewing and further information
The ongoing Business is not affected by the sale so viewing appointments and further information should only be made with the Agent:
David Walker Commercial
9 Rushton Road
Wilbarston
Market Harborough LE16 8QL
The property is located in Mill Road close to the junction with Windmill Avenue, Premier convenience store, post office and pharmacy.
Kettering is situated on the A14 and A43. It has a main line railway station with regular London St Pancras service and is due for expansion under proposals to significantly increase the town population by 2030 as part of the Milton Keynes and South Midlands Growth Area.
Description
Individual single storey rendered brick shop with a pitch concrete tile roof, and a single storey rear addition accommodating the preparation area, store and outside WC. Pedestrian access from Mill Road to the outside part covered yard.
Internally the main front shop and frying area has two glazed display windows and a separate customer entrance door, with an adjoining side store room.
Behind is a mainly tiled preparation area, with door into the rear courtyard. Access to the rear store which also has a door into the part covered rear yard, which has pedestrian access to Mill Road. Outside WC.
Shop and side store 234 sq. Ft
Preparation room 150 sq. Ft
Rear store 132 sq. Ft
All Ground Floor area of around 47.95 m2 516 sq. Ft plus yard and WC
Mains water, drainage gas and electricity all appear to be connected. The property has an EPC rating within Band D.
Rates
The 2023 Rateable Value is £2,800. A qualifying tenant will be able to claim 100% Small Business Rate Relief with no rates to pay.
Lease
Let on a lease dated 12 May 2008 for 30 years from 12 May 2008 at a rent of £9,096 pa. There is provision for 5 yearly rent reviews. The tenant is to keep in good and substantial repair.Further details are available on request.
Planning
This is a long-established chip shop (fast food take away.)
Subject to confirmation there should be Permitted Development rights under the Town and Country Planning General Permitted Development Order to Class E (which includes retail and cafe) and subject to prior approval to residential.
Tenure
Freehold subject to the existing lease. For sale at £95,000 exclusive showing a gross yield of 9.575% on the current annual rent of £9,096.
Viewing and further information
The ongoing Business is not affected by the sale so viewing appointments and further information should only be made with the Agent:
David Walker Commercial
9 Rushton Road
Wilbarston
Market Harborough LE16 8QL
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