Guide price
£600,000
Retail premises for sale10 Gold Street, Northampton, Northamptonshire NN1
Auction
Freehold
About this property
For sale by auction on Wednesday, 24 Sep 2025 at 11:00
Venue: Livestream
A substantial mixed-use property comprising a ground-floor commercial unit and three self-contained apartments above, each with private access. The property currently produces a gross income of £63,000 per annum, with an estimated rental potential in excess of £72,000 per annum.
The ground floor commercial unit has been newly let at £36,000 per annum, while the upper floors provide two spacious three-bedroom apartments on the first and second floors, together with a one-bedroom penthouse on the top floor. This property represents an excellent investment opportunity with a current yield of around 10% and further scope for rental growth.
The front of the building at 10 Gold Street is Grade II Listed.
Accommodation
Ground floor commercial unit
A newly let restaurant achieving £36,000 per annum, extending to approximately 3,228 square feet. The property has undertaken a new lease commencing on the 20th July 2025 for a term of 7 years, with a 3-year mutual break clause.
Lower ground floor commercial unit
On the lower ground floor, there are refurbished kitchens and store rooms, including a beer cellar and WC facilities. To the rear is a hoist leading College Street.
Location
A prominent town centre location, close to major attractions such as McDonald's and Michael Jones Jewellers. There are very good local transport links and access to Northampton Train station within a 5 minute walk.
Apartments
Communal entrance hall.
Apartment one
Entrance hall, kitchen/lounge/diner, bedroom one, bedroom two, bedroom three and bathroom.
Apartment two
Second floor. Entrance hall, bedroom one, bedroom two, bedroom three, kitchen area and bathroom.
Apartment three
Entrance hall, kitchen/lounge/diner, bedroom, bathroom and utility room.
Outside
A communal garden is laid to decking. There is rear access via a staircase with doors leading onto College Street. This also gives access to the cellars of the commercial unit.
VAT
The figure quote is exclusive of VAT and this property qualifies for VAT. For further information please see the legal pack.
Business rate rateable value
10 Gold Street
Current rateable value (1st April 2023 to present) is £21,500
EPC
Flat 1 - Current rating C
Flat 2 - Current rating C
Flat 3 - Current rating C
10 Gold Street - Current rating B
Additional Fees
Buyers Premium: The purchaser will be required to pay a buyers premium charge of £9,600 (£8,000 plus VAT).
Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Livestream
A substantial mixed-use property comprising a ground-floor commercial unit and three self-contained apartments above, each with private access. The property currently produces a gross income of £63,000 per annum, with an estimated rental potential in excess of £72,000 per annum.
The ground floor commercial unit has been newly let at £36,000 per annum, while the upper floors provide two spacious three-bedroom apartments on the first and second floors, together with a one-bedroom penthouse on the top floor. This property represents an excellent investment opportunity with a current yield of around 10% and further scope for rental growth.
The front of the building at 10 Gold Street is Grade II Listed.
Accommodation
Ground floor commercial unit
A newly let restaurant achieving £36,000 per annum, extending to approximately 3,228 square feet. The property has undertaken a new lease commencing on the 20th July 2025 for a term of 7 years, with a 3-year mutual break clause.
Lower ground floor commercial unit
On the lower ground floor, there are refurbished kitchens and store rooms, including a beer cellar and WC facilities. To the rear is a hoist leading College Street.
Location
A prominent town centre location, close to major attractions such as McDonald's and Michael Jones Jewellers. There are very good local transport links and access to Northampton Train station within a 5 minute walk.
Apartments
Communal entrance hall.
Apartment one
Entrance hall, kitchen/lounge/diner, bedroom one, bedroom two, bedroom three and bathroom.
Apartment two
Second floor. Entrance hall, bedroom one, bedroom two, bedroom three, kitchen area and bathroom.
Apartment three
Entrance hall, kitchen/lounge/diner, bedroom, bathroom and utility room.
Outside
A communal garden is laid to decking. There is rear access via a staircase with doors leading onto College Street. This also gives access to the cellars of the commercial unit.
VAT
The figure quote is exclusive of VAT and this property qualifies for VAT. For further information please see the legal pack.
Business rate rateable value
10 Gold Street
Current rateable value (1st April 2023 to present) is £21,500
EPC
Flat 1 - Current rating C
Flat 2 - Current rating C
Flat 3 - Current rating C
10 Gold Street - Current rating B
Additional Fees
Buyers Premium: The purchaser will be required to pay a buyers premium charge of £9,600 (£8,000 plus VAT).
Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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