For Sale By Auction | 11.00am, 04 March 2020 | Lot 2

36 Towcester Road, Far Cotton, Northampton, Northamptonshire, NN4 8LB

*Guide | £75,000 - £85,000 (plus fees)

  • Commercial Property
  • Tenure: Freehold

Call the team on 01604 259 773 for more information

Auction Date

Wed 04/03/2020

Auction Time

11.00am

Auction Venue

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

This three storey end terrace property stands in a prominent corner position fronting the busy Towcester Road approximately half a mile south of Northampton. The property is in commercial use let on a Full Repairing and Insuring lease to Coversure Insurance who have occupied the property for a number of years. Interior extends to approximately 800 square feet and was once used as a solicitors office with accommodation including two ground floor offices, cellar storage, two additional offices on the upper floors together with kitchen and WC. The property is for sale freehold subject to the existing tenancy which expires in 2022.

Tenure

Freehold

Accommodation

Ground Floor

Front office, rear office, inner hall and cellar.

First Floor

Landing, front office and cloakroom.

Second Floor

Landing, office and kitchen.

Terms Of The Lease

The property is let to G C Insurance Services Ltd trading as Coversure on an FRI lease commencing 18th December 2017 for a term of five years at a rent passing of £7,400 per annum. Former uses are known to have been a solicitors office, hairdressers and a tobacconist.

VAT

The property is not registered for VAT.

Energy Efficiency Rating (EPC)

Current Rating G

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

Matthew Waite Solicitors, Ariel House, Frogmore Street, Tring, HP23 5AU, Ref: Mr Harry Alexander, Tel: 01442 890111

Additional Fees

Administration Charge - The purchaser will be required to pay an administration charge of £1,200 (£1,000 plus VAT).

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