Three Storey building with bay windows provides off road parking for a few vehicles and a rear garden/courtyard externally. Internally the space offers a number of separate rooms as surgeries, office space and stores and also customer reception and waiting area.
Location
Sitting within a mix of residential properties and other similar businesses and offices including accountants, architects, veterinarians. This property also sits close to North Northamptonshire Council, Kettering town centre and only a few minutes’ walk from the train station and a short car journey to the A14.
Accommodation
The property has been measured on a net internal area and comprises the following areas:
Ground Floor 926 sq.ft / 86.05 sq.m
First Floor 735 sq.ft / 68.32 sq.m
Second Floor 289 sq.ft / 26.85 sq.m
Floor plan with measurements available upon request.
Terms
Tenancy - Business unaffected - The property is currently rented out on a 5-year full repairing lease with no break clause at an annual rent of £21,450 per annum.
Terms - The property is available freehold at a guide price of £300,000
Rates - Tenants responsibility along with buildings insurance and utility costs.
Planning - The property has historic planning as a dental surgery.
EPC - The property has an energy performance rating of E.
Parking - There is permit parking on the road, any queries over costs and permits should be made via the local authority.
Services - The property benefits from mains water, drainage, gas and electric. These are untested by the agent.
VAT - VAT is applicable to the sale.
Legal Costs - Each party to bear it's own legal costs.
Specification
- Commercial Property Investment
- National Dental Practice on new 5 year lease
- No Break Clause
- Income at £21,450 per annum exclusive
- Long term potential to convert into house.
- Guide Price £300,000
- Gross Yield 7.15% at guide price