This three storey brick built property comprises a retail unit to the Ground Floor with the first and second floors currently being proposed by the owners for residential purposes. The retail unit is double fronted and is mostly open plan with a partitioned changing area and store room to the rear of the building. The landlord may consider splitting the unit in half subject to terms being agreed.
Location
Situated on the pedestrianised retail zone in Kettering and directly opposite the Newlands Shopping Centre entrance. Neighbours include Costa Coffee, WH Brown, H Samuel, Salvation Army and others.
Kettering has a population of approximately 80,000 with an extended Borough population of circa 100,000.
Accommodation
The property has been measured on a net internal basis and comprises ground floor of 3,066 sq ft (285 sq m) to include 2,456 sq ft (228 sq m) of sales area and 613 sq ft (57 sq m) of storage area.
Shop width is 10.49m. Shop depth is 17.75m to first stud wall creating changing room area. The owner would consider a split unit.
There is no allocated parking.
Terms
Terms - The property has an asking rent of £40,000 per annum exclusive of all other outgoings and is available to let by way of a new lease on full repairing and insuring terms. For a split unit, rent would be subject to negotiation.
Business Rates - According to the valuation office websites, the premises has a rateable value of £30,500 as at 1st April 2023. Interested parties are advised to check the amounts payable via the local authority Kettering Borough Council on 01536 410333.
Planning - The property benefits from class A1 Retail of the Town and Country Planning (Use Classes) Order 1987. Other uses will be considered subject to planning.
Services - We understand that all main services are connected to the property but have not been tested by the Agent.
Legal Costs - Each party to bear their own costs. However the ingoing tenant is to first give the landlord an undertaking of £1,000 via solicitors. Further information is available on request.
VAT - All figures are quoted exclusive of VAT at the prevailing rate.
EPC - The EPC rating for this property is available on request.
Specification
- Located directly opposite The Newlands Centre entrance.
- Neighbours include Boots, Costa Coffee, EE and CEX.
- Approximately 3,066ft² (285m²) NIA
- Incentive package available