• INVESTMENT OPPORTUNITY • Three Ground Floor Retail Units • First Floor One Bedroom Flat • Freehold interest in the property is offered for sale subject to existing occupancy • Guide Price of £300,000
Towcester is situated at the intersection of the A5 and A43 and is located approximately 8 miles to the South West of Northampton and 10 miles to the North West of Milton Keynes. The town has good road access with links to the M1 at Northampton (6 miles) and the M40 at Ardley (17 miles). The nearest main line rail services run from Northampton with services to London taking less than an hour. The town which lies within the administrative district of South Northamptonshire has a population of around 10,000 people and is the oldest town in the county. The town has seen significant expansion in recent years and is currently the focus for a number of major development schemes including the Moat Lane Regeneration Project which is a mixed retail, commercial and residential scheme at the heart of the town centre and the 3000 house Towcester Grange residential scheme to the south of the town. It has a good range of shops and other facilities, including schools, leisure facilities, medical facilities, etc, and is home to Towcester Racecourse with the nearby Silverstone Circuit a few miles along the A43. The Adopted Local Plan makes provision for 60 hectares of Employment led development to the north of the town adjoining the A43/A5 which will bring significant new jobs to the town.
11 Brackley Road is situated, close to the town centre, on one of the principal roads into and out of town. The property is described in more detail below -
A two storey semi detached property of brick construction under a tiled roof with leanto and flat roof additions to the rear. The ground floor comprises 3 retail units, one of which is occupied (rent of £520 per month), whilst the remaining units are vacant. These two vacant units have good rental income potential having recently been let together for £840 per month.
A pathway to the side and rear provides rear access to the retail units together with additional ground floor storage, as well as access to stairs which serve a first floor residential flat which lies above all three retail units.
The accommodation for each unit is more particularly described below.
11a Brackley Road is a first floor flat which comprises Living Room, Kitchen, Double Bedroom, and Bathroom. The flat has a Net Internal Floor Area of 49 sq m (528 sq ft) and is currently let out on an Assured Shorthold Tenancy Agreement at a monthly rent of £600.
11b Brackley Road, is a ground floor office/retail unit with principal floor space measuring 25.5 m² (275 ft²) and smaller office measuring 6.9 m² (74 ft²). The unit has a pedestrian entrance from Brackley Road and a separate entrance to the rear which provides access to a separate storage room under a flat roof measuring 14.5 m² (156 ft²).
11c Brackley Road, is a vacant office/retail unit with two rooms comprising a front room measuring 16 m² (173 ft²) and rear room measuring 8.7 m² (94 ft²), which has a sink and drainer unit. The unit is accessed from a shared entrance off Brackley Road and also has an access to the rear, with use of a separate toilet.
11d Brackley Road is a vacant office/retail unit with two rooms comprising a front room measuring 14.3 m² (154 ft²) and a rear room measuring 12.2 m² (131 ft²) The unit also includes a small kitchen and toilet facilities. The unit shares it access from Brackley Road with unit 11c and also has an access to the rear.
The property is connected to mains electricity, water and drainage and the units all have Electric Heating.
Mains Gas is understood to be in Brackley Road.
Guide Price of £300,000 for the Freehold Interest
11a Brackley Road is assessed to be in Council Tax Band A
11b Brackley Road has a Non-domestic Rateable Value of £3950
11c&d Brackley Road have a combined Non-domestic Rateable Value of £4300
Strictly by Appointment through the Selling Agents