£495,000
Property for saleStation Road, Desborough, Kettering NN14
Freehold
About this property
This mixed use property comprises a mix of Retail, Office and Residential space with all parts currently let out and producing a total income of £33,900 per annum. This space includes a one and two bedroomed apartment to the first floors, newly signed 3 year lease to front retail unit and ground floor office space with potential to convert into a flat. Guide price of £495,000 Freehold. Growing town of Desborough with numerous new residential developments being built locally.
Location
The property is located on the main throughfare of the small market town of Desborough which is situated between Rothwell, Market Harborough and near to Corby.
It has good road links to the A6, A14 and A43.
Neighbours include Corals, Market Harbough Building Society, Co-Op and numerous local retailers and businesses.
Description
This mixed use property comprises an original 2 storey victorian red brick building to the front elevation providing a ground floor retail unit and first and second floor 2 nedroomed flat with a more recent modern two storey extension providing a commercial office and first floor 1 bedroom flat also.
Accommodation & Rents
The property has been measured on a net internal area and provides the following areas:
29 - retail unit - 408 sq.ft - £750pcm - newly signed 3 year lease June 2025.
29a - office unit - 440 sq.ft - £575pcm (potential to convert to a flat) due to be readvertised.
29f - 2 bed flat split level
Lounge - 5.72m x 4.24m
Kitchen 3,33m x 2.70
Bed 1 - 4.33m x 3m plus eaves
Bed 2- 3.28m x 2.88m plus eaves. 3 piece bathroom. £850 pcm
29d - 1 bed flat first floor
Lounge/Kit - 6.51m x 3.93m
Bed 1 - 3, .94m x 2.50m, 3 piece shower room. £650pcm
Dimensions available on request for commercial.
Services
We understand that all main services are connected to the property and all parts are self contained. Services have not been tested by the agent.
Terms
The freehold is available to buy with a guide price of £495,000. Limited parking to the side of the building within the title plan and a permanent right of way to be provided by the seller.
Tenancy / Rental Income: The overall income for this property is £33,900 per annum. Breakdowns available from the agents.
Note - The owner is also selling via Berrys number 29b and c which adjoins this property at £500,000 comprising offices, double sized garage and small lock up. Rental income £48,600 but includes utilities to some parts.
Rates
The properties have the following rateable values. Interested parties should check with the local authority regarding the amount payable.
No. 29 - £5,000
No. 29A - £4,950
Flats 29D & 29F are both council tax band A.
VAT
VAT is not applicable to the sale
Legal Costs
Each party are to bear their own legal costs incurred during the transaction.
Service Charge
There are no additional charges applicable.
Viewing
Viewing is strictly by appointment with the sole agent:
Kevin o’Dell ,
Parking
There is a strip of parking included in the land being sold. Two of the tenants currently park in this area.
Planning
The property was granted approval for the retail unit as a Tea Room under application ke/94/0739 which would fall under Class E for the current tenant.
Id
Upon terms being agreed the proposed purchaser will need to comply with Anti Money Laundering/Sanctions procedures in the form of id checks
EPC
The properties have up-to-date EPC's which are available upon request.
Location
The property is located on the main throughfare of the small market town of Desborough which is situated between Rothwell, Market Harborough and near to Corby.
It has good road links to the A6, A14 and A43.
Neighbours include Corals, Market Harbough Building Society, Co-Op and numerous local retailers and businesses.
Description
This mixed use property comprises an original 2 storey victorian red brick building to the front elevation providing a ground floor retail unit and first and second floor 2 nedroomed flat with a more recent modern two storey extension providing a commercial office and first floor 1 bedroom flat also.
Accommodation & Rents
The property has been measured on a net internal area and provides the following areas:
29 - retail unit - 408 sq.ft - £750pcm - newly signed 3 year lease June 2025.
29a - office unit - 440 sq.ft - £575pcm (potential to convert to a flat) due to be readvertised.
29f - 2 bed flat split level
Lounge - 5.72m x 4.24m
Kitchen 3,33m x 2.70
Bed 1 - 4.33m x 3m plus eaves
Bed 2- 3.28m x 2.88m plus eaves. 3 piece bathroom. £850 pcm
29d - 1 bed flat first floor
Lounge/Kit - 6.51m x 3.93m
Bed 1 - 3, .94m x 2.50m, 3 piece shower room. £650pcm
Dimensions available on request for commercial.
Services
We understand that all main services are connected to the property and all parts are self contained. Services have not been tested by the agent.
Terms
The freehold is available to buy with a guide price of £495,000. Limited parking to the side of the building within the title plan and a permanent right of way to be provided by the seller.
Tenancy / Rental Income: The overall income for this property is £33,900 per annum. Breakdowns available from the agents.
Note - The owner is also selling via Berrys number 29b and c which adjoins this property at £500,000 comprising offices, double sized garage and small lock up. Rental income £48,600 but includes utilities to some parts.
Rates
The properties have the following rateable values. Interested parties should check with the local authority regarding the amount payable.
No. 29 - £5,000
No. 29A - £4,950
Flats 29D & 29F are both council tax band A.
VAT
VAT is not applicable to the sale
Legal Costs
Each party are to bear their own legal costs incurred during the transaction.
Service Charge
There are no additional charges applicable.
Viewing
Viewing is strictly by appointment with the sole agent:
Kevin o’Dell ,
Parking
There is a strip of parking included in the land being sold. Two of the tenants currently park in this area.
Planning
The property was granted approval for the retail unit as a Tea Room under application ke/94/0739 which would fall under Class E for the current tenant.
Id
Upon terms being agreed the proposed purchaser will need to comply with Anti Money Laundering/Sanctions procedures in the form of id checks
EPC
The properties have up-to-date EPC's which are available upon request.
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