23 & 23a Gold Street Northampton Northamptonshire NN1 1RA

23 & 23a Gold Street
Northampton
Northamptonshire
NN1 1RA

Freehold Retail Investment

  • Majority let to Poundstretcher Limited
  • Prominent town centre location
  • Nearby occupiers include Travelodge, Wilkinsons, Ladbrokes and 99p Stores
  • Lot
    67
  • Auction
    23rd October 2014
  • Rent
    £97,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £685,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of GVA Receivers
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Majority let to Poundstretcher Limited
  • Prominent town centre location
  • Nearby occupiers include Travelodge, Wilkinsons, Ladbrokes and 99p Stores
  • Lot 67
  • Auction 23rd October 2014
  • Rent
  • Status Sold
  • Price £685,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of GVA Receivers

Property Information

Location
Miles
17 miles north of Milton Keynes
31 miles south of Leicester
50 miles south-east of Birmingham
Roads
A508, A45, A428, M1
Rail
Northampton Rail Station
Air
Birmingham International Airport, London Luton Airport
Situation

The property is prominently situated on the south side of Gold Street in the heart of Northampton town centre. Nearby occupiers include Wilkinsons, Travelodge, Ladbrokes and 99p Stores.

Tenure

Freehold.

Location
Miles
17 miles north of Milton Keynes
31 miles south of Leicester
50 miles south-east of Birmingham
Roads
A508, A45, A428, M1
Rail
Northampton Rail Station
Air
Birmingham International Airport, London Luton Airport
Situation

The property is prominently situated on the south side of Gold Street in the heart of Northampton town centre. Nearby occupiers include Wilkinsons, Travelodge, Ladbrokes and 99p Stores.

Tenure

Freehold.

Description

The property comprises two adjoining retail units with retail accommodation on the ground floor and ancillary accommodation on the first floor and basement. The property benefits from a substantial frontage to Gold Street and rear access via Woolmonger Street.

NOTE
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two adjoining retail units with retail accommodation on the ground floor and ancillary accommodation on the first floor and basement. The property benefits from a substantial frontage to Gold Street and rear access via Woolmonger Street.

NOTE
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
Basement
Ground
First
Ancillary
Retail
Ancillary
150.00 sq m
353.50 sq m
337.90 sq m
(1,615 sq ft)
(3,805 sq ft)
(3,637 sq ft)
POUNDSTRETCHER
LIMITED (1)
15 years from 27/08/2002 on a full repairing and insuring lease £70,000 (26/08/2017)
Ground Retail
164.16 sq m
(1,767 sq ft)
FOOD TRENDS
LIMITED
15 years from 13/07/2011 until 2026 on a full repairing and insuring lease £27,000 (2) 13/07/2016
13/07/2021
Totals
1,005.56 sq m
(10,824 sq ft)
    £97,000 (2)

(1) Poundstretcher Limited was established in 1981 and is the UK’s leading discount retailer of products for the home, with more than 400 retail stores across Britain. (Source: www.poundstretcher.co.uk 09/09/2014)
(2)As to the Food Trends Ltd lease, the current rent reserved is £25,000 per annum exclusive. The lease provides for the rent to be increased to £27,000 per annum exclusive on 13th July 2015. The seller will pay the buyer the difference between £25,000 p.a.x. and £27,000 p.a.x. from completion of the sale until 13th July 2015.

Property Documents

  • Catalogue Page
    Updated Date
    01.10.14
    File Size
    546 KB
    View PDF
  • Site Plan
    Updated Date
    01.10.14
    File Size
    71 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Burges Salmon LLP One Glass Wharf
Bristol
BS2 0ZX
James Webb 0117 939 2000james.webb@burges-salmon.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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