For Sale By Auction | 11.00am, 10 July 2019 | Lot 4

The Old Council Offices, 53 Northampton Road, Market Harborough, Leicestershire, LE16 9HB

*Guide | £250,000 - £275,000 (plus fees)

  • Commercial Property
  • Tenure: Freehold

Call the team on 01604 259 773 for more information

Auction Date

Wed 10/07/2019

Auction Time

11.00am

Auction Venue

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

Viewing Times:

Sat 1 Jun

1.00 to 2.00pm

Sat 15 Jun

1.00 to 2.00pm

Wed 19 Jun

5.00pm to 6.00pm

Sat 29 Jun

1.00 to 2.00pm

Wed 3 Jul

5.00 to 6.00pm

Sat 6 Jul

1.00 to 2.00pm

This very attractive commercial investment opportunity comprises a substantial Victorian period property formerly the Council offices for the town of Market Harborough and now let on a commercial lease for a term of five years. The property was extensively refurbished in 1997 and is offered together with the benefit of gated car parking for up to fourteen vehicles. The interior extends to a net internal floor area of some 4,350 square feet arranged over three floors including basement cellars and the useable office space extends to a net of approximately 2,900 square feet.

Tenure

Freehold

Accommodation

Ground Floor

Entrance hall, reception office, inner and rear hallways, boardroom, cloakrooms x 3, print room, kitchen/staff room and three further offices.

First Floor

Landing to main and back staircase, four offices and cloaks/WC.

Basement

Basement cellar, five basement room including the boiler room.

Planning

The property is listed Grade Two as a building of architectural or historic interest. The property has a planning use classification of B1.

Terms of the Lease

The property is let to Rundles Limited for a term of five years commencing the 1st May 2019 at an annual rent of £40,000 per annum but subject to a three year rent free period. A copy of the lease is available with the legal pack.

Condition Report

The property is constructed of mellow red brick with stone dressed mullion windows, quoins and kneeler's typical of the period and includes the former council meeting room now the boardroom measuring 27'11 x 17'7 beneath a vaulted beamed ceiling with impressive mullioned windows to the front and rear elevations. The property is presented in good order and a condition report is available for download with the legal pack.

External

Externally the property is approached through double leaf electrically operated wrought iron gates from Springfield Street giving access to a block paved car park which is largely walled and security fenced with established shrubs and separate pedestrian access to the Northampton Road. The car park provides off road parking space for up to fourteen vehicles and there is a further walled external car parking space on the Springfield Street side.

Joint Agents

Naylors Estate Agents 12 The Square, Market Harborough, LE16 7PA Tel: 01858 450020 F.A.O William Naylor

Services

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

Local Authority

Harborough District Council

Solicitors

Prettys Solicitors, Elm House, 25 Elm Street, Ipswich, Suffolk, IP1 2AD, Ref: Mr Ian Waine, Tel: 01473 232121

Additional Fees

Administration Charge - The purchaser will be required to pay an administration charge of £1,800 (£1,500 plus VAT).

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