Kettering, Thrapston, Higham Ferrers, Burton Latimer

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For Sale

Investment Property
College Street
Irthlingborough
Northamptonshire
NN9 5TU
We are pleased to offer this investment property currently used as a Dance Studio but with potential for other uses.  The property is situated in the heart of Northamptonshire town of Irthlingborough.  
 
The property is currently producing an income of £9,000 pa and is let on the basis of a 10-year lease from 9th June 2014.    
 
Irthlingborough is situated at the edge of the Nene Valley in East Northamptonshire, close to the junction of the A6 and A45 roads.  
The town together with its larger neighbour Rushden and Higham Ferrers is experiencing rapid growth and has a busy town centre which includes Tesco, Co-op and many local traders.  The Rushden Lakes shopping and leisure complex is about 3 miles away (by road) or 2.5 miles (on foot/bicycle).
The property is |in the centre of the town overlooking a formal public garden and the towns historic market cross. 

£185,000
 
Accommodation
The property comprises a single storey building of brick construction under a flat roof. It has timber framed windows with secondary glazing and electric storage heating.  The property has a gated access to College Street.

The property has a gross internal area of approximately 137 sq m.

The accommodation includes an Entrance Hall, Office, Dance Studio and WC’s.

Externally, there is an enclosed yard with room to park 3 or 4 cars.

Services

The property is believed to have mains electricity, water and drainage connected.

Tenure

The property is let for a period of 10 years from 9th June 2014.  The lease has been contracted out of the 1954 Act.  The current rent passing is £9,000 pa. There was provision for a rent review in June 2019. This has not been implemented.

Energy Performance Certificate (EPC)

The property has an EPC’s valid until 9th December 2023. 


Planning

Planning consent was granted by East Northamptonshire Council (now North Northamptonshire Council) in April 2014 to change the use of the building from a workshop to a dance school.

Viewings

Viewings can be arranged by prior appointment with Peachey Loak Chartered Surveyors.  Tel: 01933 403233.



Asking Price

Offers are invited for the freehold interest in the region of £185,000


We for ourselves and the lessors of this property give notice that:
 
  1. These particulars are set out as a general guide only and do not constitute part of an offer or contract.
  2. All descriptions and references are made in good faith, but all intending tenants must satisfy themselves of their correctness.
  3. We have no authority to make or give any representation or warranty in relation to the property.
  4. Items shown in any photographs are not necessarily included within the tenancy.

10052022

 

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