£195,000
(£232.14/sq. ft)
Retail premises for saleRoman Road, Corby NN18
840 sq. ft
About this property
The vas Business is not affected by this sale
Investment Property for Sale
Recently fitted out shop
Adjacent to Tesco Express
Let and Income producing
Located in the new development at Little Stanion
Location
Little Stanion, designated as a “committed new village” is located around 1.1 miles southeast of the centre of Corby and enroute to the nearby 3.3m sq ft EuroHub distribution and warehouse development. The first of over 1,000 dwellings completed in 2008.
The Village Square is at the heart of this new community and is the only commercial development planned for the estate, which is also home to the Little Stanion Primary School, a one-form entry school with around 300 places which opened in 2012.
Nearby Corby is a major growth area being one of the fastest growing towns in the UK, the aim being to increase the 2021 Census population of 68,166 to around 110,000. Corby benefits from rapid road communications on the A14 A1-M1 dual carriageway, with local access at both Kettering and Thrapston, as well as a new railway station with a London St Pancras main line service.
Description
The commercial element of The Village Square development is all on the ground floor and comprises a Convenience Store let to Tesco Express, and two retail unit.
All ground floor shop of around 840 sq ft with a glazed frontage and partially glazed return.
The property has been extensively fitted out by the existing tenant from new and partitioned to create individual treatment rooms around the main central open plan salon. Customer WC. Rear access to the service yard and bin space.
Lease
Retail Unit 2 is around 830 sq ft and was let from new to vas Centre Limited with Director Guarantor and a Rent Deposit on a 15 year lease from December 2024 at a rent of £19,000 pa exclusive payable quarterly in advance. There are upward only 5 yearly Retail Price Index linked rent reviews and Tenant only Breaks on giving 3 months Notice. Permitted Use is for hair and beauty treatment, or a retail unit within Class E of the Town and Country Planning (Use Classes) Order 1987 (as amended.)
Tenant information can be found on their website
vas Beauty Centre In Little Stanion specialise in - hydrofacial treatment - manicure and pedicure (gel, biab, acrylic) - aesthetics - massage therapy - hairstyling - professional makeup – eyebrow
Tenure
The ground floor retail unit is held on a 120 year lease from April 2023 at a fixed peppercorn (no) rent with no review. There is a wide range of Permitted Uses within Use Classes B E or F of the Use Classes Order or any other use as the Landlord may approve, not to be unreasonably withheld or delayed.
For sale at £195,000 exclusive showing a gross yield of approximately 9.75% on the current rent of £19,000 pa.
Viewing and further information
Strictly by appointment with the Agent
David Walker Commercial
9 Rushton Road
Wilbarston
Market Harborough LE16 8QL
Little Stanion, designated as a “committed new village” is located around 1.1 miles southeast of the centre of Corby and enroute to the nearby 3.3m sq ft EuroHub distribution and warehouse development. The first of over 1,000 dwellings completed in 2008.
The Village Square is at the heart of this new community and is the only commercial development planned for the estate, which is also home to the Little Stanion Primary School, a one-form entry school with around 300 places which opened in 2012.
Nearby Corby is a major growth area being one of the fastest growing towns in the UK, the aim being to increase the 2021 Census population of 68,166 to around 110,000. Corby benefits from rapid road communications on the A14 A1-M1 dual carriageway, with local access at both Kettering and Thrapston, as well as a new railway station with a London St Pancras main line service.
Description
The commercial element of The Village Square development is all on the ground floor and comprises a Convenience Store let to Tesco Express, and two retail unit.
All ground floor shop of around 840 sq ft with a glazed frontage and partially glazed return.
The property has been extensively fitted out by the existing tenant from new and partitioned to create individual treatment rooms around the main central open plan salon. Customer WC. Rear access to the service yard and bin space.
Lease
Retail Unit 2 is around 830 sq ft and was let from new to vas Centre Limited with Director Guarantor and a Rent Deposit on a 15 year lease from December 2024 at a rent of £19,000 pa exclusive payable quarterly in advance. There are upward only 5 yearly Retail Price Index linked rent reviews and Tenant only Breaks on giving 3 months Notice. Permitted Use is for hair and beauty treatment, or a retail unit within Class E of the Town and Country Planning (Use Classes) Order 1987 (as amended.)
Tenant information can be found on their website
vas Beauty Centre In Little Stanion specialise in - hydrofacial treatment - manicure and pedicure (gel, biab, acrylic) - aesthetics - massage therapy - hairstyling - professional makeup – eyebrow
Tenure
The ground floor retail unit is held on a 120 year lease from April 2023 at a fixed peppercorn (no) rent with no review. There is a wide range of Permitted Uses within Use Classes B E or F of the Use Classes Order or any other use as the Landlord may approve, not to be unreasonably withheld or delayed.
For sale at £195,000 exclusive showing a gross yield of approximately 9.75% on the current rent of £19,000 pa.
Viewing and further information
Strictly by appointment with the Agent
David Walker Commercial
9 Rushton Road
Wilbarston
Market Harborough LE16 8QL
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