£673,333
(£250.12/sq. ft)
Retail premises for sale21 Gold Street, 21 Gold Street, Northampton NN1
2,692 sq. ft
Freehold
About this property
Fully let mixed use investment comprising of a hot food takeaway and a 10 bedroom HMO
Upcoming lease events and an outstanding commercial rent review
Located on popular town centre high street
Estimated Rates Payable: £5634.5
Description
The property comprises accommodation arranged over four storeys, together with a substantial basement and additional loft space. It is of traditional brick construction beneath a pitched roof, with a glazed frontage at ground floor level.
The ground floor and basement are currently occupied as a hot food takeaway. The upper floors provide a 10 bedroom HMO, which is presently let under a single tenancy to a local care provider.
The commercial unit produces a passing rent of £21,000 per annum exclusive, let on a 10 year lease expiring on 8 June 2030. A rent review was due in June 2023 but was not implemented. A further rent review is scheduled for June 2027.
The upper floors are let at a rent of £39,600 per annum for a term of seven years commencing on 1 October 2025. The lease is contracted outside the provisions of the Landlord and Tenant Act 1954.
Further information relating to the lease arrangements is available upon request.
Location
Northampton is England’s second largest town with a population of 222,500 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.
The new £330 million University of Northampton Waterside Campus is located along the River Nene and provides state of the art education facilities to 15,000 students and is just a short walk from the town centre. The campus is opened in September 2018.
Gold Street is one of the town’s key gateways, leading pedestrians from the railway station into the town centre. National retailers and operators located on Gold Street include, Turtle Bay, Pound-Stretcher, Travelodge with Argos, Iceland, Home Bargains and many other located nearby in the St Peters Way Car Park. The car park provides 531 spaces and a strong pedestrian flow on to Gold Street through St Peters Walk. The nearby leisure complex - Sol Central is a popular visitor attraction with a cinema, and Ibis Hotel located within it.
The property comprises accommodation arranged over four storeys, together with a substantial basement and additional loft space. It is of traditional brick construction beneath a pitched roof, with a glazed frontage at ground floor level.
The ground floor and basement are currently occupied as a hot food takeaway. The upper floors provide a 10 bedroom HMO, which is presently let under a single tenancy to a local care provider.
The commercial unit produces a passing rent of £21,000 per annum exclusive, let on a 10 year lease expiring on 8 June 2030. A rent review was due in June 2023 but was not implemented. A further rent review is scheduled for June 2027.
The upper floors are let at a rent of £39,600 per annum for a term of seven years commencing on 1 October 2025. The lease is contracted outside the provisions of the Landlord and Tenant Act 1954.
Further information relating to the lease arrangements is available upon request.
Location
Northampton is England’s second largest town with a population of 222,500 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.
The new £330 million University of Northampton Waterside Campus is located along the River Nene and provides state of the art education facilities to 15,000 students and is just a short walk from the town centre. The campus is opened in September 2018.
Gold Street is one of the town’s key gateways, leading pedestrians from the railway station into the town centre. National retailers and operators located on Gold Street include, Turtle Bay, Pound-Stretcher, Travelodge with Argos, Iceland, Home Bargains and many other located nearby in the St Peters Way Car Park. The car park provides 531 spaces and a strong pedestrian flow on to Gold Street through St Peters Walk. The nearby leisure complex - Sol Central is a popular visitor attraction with a cinema, and Ibis Hotel located within it.
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