For Sale By Auction | 11.00am, 19 April 2017 | Lot 3

College Street Chippy, 9-11 College Street, Northampton, Northamptonshire, NN1 2QP

Sold £135,000

  • Commercial Property
  • Tenure: Freehold

Call the team on 01604 259 773 for more information

Auction Date

Wed 19/04/2017

Auction Time

11.00am

Auction Venue

Hilton Northampton Hotel, 100 Watering Lane, Collingtree, Northampton NN4 0XW

Viewing Times:

Fri 6 Jan

Call to arrange viewing 01604 259773

Freehold commercial property, formerly a popular Fish & Chip Shop & Restaurant, located in the heart of Northampton town centre.

A rare opportunity to acquire a freehold commercial property in the town centre. The property comprises a takeaway, servery, restaurant, kitchen and cloakrooms on the ground floor with extensive basement storage area, staff room and WC. The total floor area extends to approximately 2,000 square feet and there is a customer WC. The current planning use specification is A5 and Ancillary A3, however there may be potential for development to add floors above the existing building for residential occupation, subject to planning consent.

Tenure

Freehold

Accommodation

Ground Floor

Servery/takeaway, preparation area, kitchen, restaurant area, customer WC, disabled access cloakroom

Basement

Lobby, store room, preparation room, plant room, staff room, shower room and staff WC

Letting Potential

The property was formerly let on a Commercial Lease, now expired, at a rent passing of £16,000 per annum on a full repairing and insuring basis. Vacant possession is now available upon completion.

Planning

Current planning use classification is A5 and Ancillary A3, however we are advised that the roof of the building is of beam and block construction with potential for further development above, subject to planning permission.

Business Rates

£8,000 per annum

Services

Main drainage, gas water and electricity are connected. Central heating is through radiators from a Vaillant gas fired boiler with additional direct heating in the servery area from wall mounted Dimplex fan heaters.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Northampton Borough Council

Solicitors

DFA Law, 2 Waterside Way, Bedford Road, Northampton NN4 7XD, Ref: Elaine Lo, Tel: 01604 609560

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - The purchaser will be required to pay an administration charge of £750 plus VAT (£900).

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.