Sold £60,000
- Office
- Tenure: Freehold
Call the team on 01604 259 773 for more information
A detached single storey commercial investment opportunity comprising office premises in the heart of Old Duston village close to other retail office properties
The property has been let on a commercial lease at a rent of £5,820 per annum, the lease expiring on the 30th November 2017, the tenant having served the landlord with notice that he does not wish to renew. The property comprises two connecting rooms with a separate kitchen and WC and there is a narrow courtyard at the rear for maintenance access.
Tenure
Freehold
Tenancy
The property is currently let on a lease commencing the 1st December 2011 and terminating on the 30th November 2017 at a rent passing of £485 per calendar month, totalling £5,820 per annum on a full repairing and insuring basis and exclusive of VAT. The tenant has given notice to terminate the tenancy on the due date having completed dilapidation works and vacant possession will be available upon completion.
Rateable Value
The rateable value for the property is £2,900
VAT
The vendor has informed us that the property is not registered for VAT.
Accommodation
Reception, office/store, kitchen and cloakroom
Outside
There is a narrow courtyard at the rear bounded by close boarded fencing providing space suitable for maintenance access only.
Services
Main water, electricity and drainage are connected. Space heating is through a Mitsubishi electric air conditioning unit for heating and cooling as required.
Viewing
By appointment please contact 01604 259773
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 - Tel: 0300 330 7000
Solicitors
Shoosmiths Solicitors , The Lakes, Bedford Road, Northampton NN4 7SH, Ref: Melissa Barker, Tel: 01604 543000
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 £600 (£500 plus VAT)
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.