A substantial mixed-use property comprising a ground-floor commercial unit and three self-contained apartments above, each with private access. The property currently produces a gross income of £63,000 per annum, with an estimated rental potential in excess of £72,000 per annum.

The ground floor commercial unit has been newly let at £36,000 per annum, while the upper floors provide two spacious three-bedroom apartments on the first and second floors, together with a one-bedroom penthouse on the top floor. This property represents an excellent investment opportunity with a current yield of around 10% and further scope for rental growth.

Tenure

Freehold

ACCOMMODATION

GROUND FLOOR COMMERCIAL UNIT A newly let restaurant achieving £36,000 per annum, extending to approximately 3,228 square feet. The property has undertaken a new lease commencing on the 20th July 2025 for a term of 7 years, with a 3-year mutual break clause. LOWER GROUND FLOOR COMMERCIAL UNIT On the lower ground floor, there are refurbished kitchens and store rooms, including a beer cellar and WC facilities. To the rear is a hoist leading College Street.

LOCATION

A prominent town centre location, close to major attractions such as McDonald's and Michael Jones Jewellers. There are very good local transport links and access to Northampton Train station within a 5 minute walk.

APARTMENTS

Communal entrance hall.

APARTMENT ONE

Entrance hall, kitchen/lounge/diner, bedroom one, bedroom two, bedroom three and bathroom.

APARTMENT TWO

Second floor. Entrance hall, bedroom one, bedroom two, bedroom three, kitchen area and bathroom.

APARTMENT THREE

Entrance hall, kitchen/lounge/diner, bedroom, bathroom and utility room.

OUTSIDE

A communal garden is laid to decking. There is rear access via a staircase with doors leading onto College Street. This also gives access to the cellars of the commercial unit.

VAT

The figure quote is exclusive of VAT and this property qualifies for VAT. For further information please see the legal pack.

BUSINESS RATE RATEABLE VALUE

10 Gold Street Current rateable value (1st April 2023 to present) is £21,500

EPC

Flat 1 - Current rating C Flat 2 - Current rating C Flat 3 - Current rating C 10 Gold Street - Current rating TBC

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

Additional Fees

Buyer's Premium - The purchaser will be required to pay a buyers premium charge of £9,600 (£8,000 plus VAT).

Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).

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