Rathods are pleased to offer this FREEHOLD commercial investment for sale in Wellingborough, with the business not affected. Situated in a prominent and established commercial location, the property is surrounded by a variety of local businesses, including shops, restaurants, a video shop and boutiques, creating a vibrant trading environment and benefiting from good levels of passing trade.
The property offers an excellent opportunity for investors seeking a freehold investment with an existing tenant and rental income. The property provides a combination of commercial accommodation on the ground floor and residential accommodation above, together with useful basement storage.
The ground floor comprises a spacious sales area, providing the main commercial retail space and suitable for a range of business activities, subject to the necessary planning permissions and consents. There is also a separate store room, providing valuable additional storage for stock and equipment. A separate WC is also located on the ground floor for convenience.
The first floor provides residential accommodation comprising three bedrooms, a kitchen and a bathroom. This provides useful additional accommodation above the commercial premises and enhances the overall versatility and investment appeal of the property.
The property also benefits from a basement, providing substantial additional storage space. This is particularly useful for the commercial element of the property, offering further room for stock, equipment or general storage requirements.
From an investment perspective, the property is currently generating a monthly rent of £1,584 including VAT, providing an established rental income for the purchaser. The existing lease is in place until 7th October 2035, offering the benefit of a long-term tenancy and providing investors with a degree of rental security, subject to the terms and conditions of the existing lease.
The property occupies a convenient position within Wellingborough, surrounded by a diverse range of independent and established businesses. Its location provides access to local amenities and creates a suitable setting for commercial use.
This is an excellent opportunity to acquire a freehold commercial investment with an existing tenant, established rental income and a long lease term. The combination of ground-floor commercial accommodation, first-floor residential accommodation and basement storage provides a versatile investment proposition.
For further information or to arrange a viewing, please contact Rathods on 0116 266 6575.
Property Reference MER-1JXL15CV73N
GROUND FLOOR
SALES - 26' (7m 92cm) 0 x 32' (9m 75cm) 0 (approx) - With suspended ceiling.
STORE - 25' (7m 62cm) 0 x 13' (3m 96cm) 0 (approx) - Storeroom with split outbuilding either side to the storeroom.
KITCHEN
SEPARATE WC - With low flush WC and wash hand basin.
FIRST FLOOR
BEDROOM 1 - 11' (3m 35cm) 0 x 12' (3m 65cm) 8 (approx) - With single paneled radiator, double glazed window to front elevation.
BEDROOM 2 - 10' (3m 4cm) 4 x 14' (4m 26cm) 0 (approx) - With laminate floor covering, single paneled radiator, double glazed window to rear elevation.
BEDROOM 3 - 13' (3m 96cm) 0 x 7' (2m 13cm) 8 (approx) - Laminate floor covering and double glazed window to front elevation.
KITCHEN 2 - 10' (3m 4cm) 0 x 6' (1m 82cm) 0 (approx) - With fitted base & wall mounted units, plumbing for automatic washing machine and single drainer sink.
BATHROOM - With shower cubicle, low flush WC & wash hand basin.
BASEMENT - Basement Entrance via courtyard and shop.
OUTSIDE - Separate access to courtyard.
Tenure: Freehold
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