9 - 11 Lower Street Kettering Northamptonshire NN16 8HJ

9 - 11 Lower Street
Kettering
Northamptonshire
NN16 8HJ

Freehold Retail Investment

  • Let to Coral Racing Limited and TCCT Retail Limited t/a Thomas Cook
  • Pedestrianised Town Centre location
  • Close to Newlands Shopping Centre
  • Neighbouring occupiers include Halifax,The Post Office, Santander, Superdrug and Waterstones
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    28
  • Auction
    26th March 2015
  • Rent
    £26,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £370,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Trustees
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Let to Coral Racing Limited and TCCT Retail Limited t/a Thomas Cook
  • Pedestrianised Town Centre location
  • Close to Newlands Shopping Centre
  • Neighbouring occupiers include Halifax,The Post Office, Santander, Superdrug and Waterstones
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 28
  • Auction 26th March 2015
  • Rent
  • Status Sold
  • Price £370,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Trustees

Property Information

Location
Miles
14 miles north-east of Northampton, 25 miles south-east of Leicester 30 miles south-west of Peterborough
Roads
A14, A43, A6
Rail
Kettering Railway Station
Air
Birmingham International Airport, Stansted Airport, Luton Airport
Situation

The property is prominently situated on the west side of the pedestrianised Lower Street, close to the Newlands Shopping Centre. Neighbouring occupiers include Halifax, The Post Office, Santander, Superdrug and Waterstones.

Tenure

Freehold.

Location
Miles
14 miles north-east of Northampton, 25 miles south-east of Leicester 30 miles south-west of Peterborough
Roads
A14, A43, A6
Rail
Kettering Railway Station
Air
Birmingham International Airport, Stansted Airport, Luton Airport
Situation

The property is prominently situated on the west side of the pedestrianised Lower Street, close to the Newlands Shopping Centre. Neighbouring occupiers include Halifax, The Post Office, Santander, Superdrug and Waterstones.

Tenure

Freehold.

Description

The property comprises 2 self-contained retail units with retail accommodation on the ground floor and ancillary accommodation on the first floor.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 2 self-contained retail units with retail accommodation on the ground floor and ancillary accommodation on the first floor.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Review/(Reversion)
9 Ground
First
Retail
Ancillary
55.67 sq m
26.71 sq m
(600 sq ft)
(282 sq ft)
TCCT RETAIL LIMITED (2) (t/a Thomas Cook) 5 years from 12/11/2014 on a full repairing and insuring lease £12,000 (11/11/2019)
11 Ground
First
Retail
Office/Ancillary
58.66 sq m
25.02 sq m
(631 sq ft)
(269 sq ft)
CORAL RACING LIMITED (1) 10 years from 01/08/2013 on a full repairing and insuring lease (3) £14,000 01/08/2018
(31/07/2023)
Totals    
166.02 sq m
(1,782 sq ft)
    £26,000  

(1) For the year ending 28/09/2013, Coral Racing Limited reported a turnover of £628,179,000, pre-tax profits of £81,627,000 and a total net worth of £93,510,000. (Source: www.riskdisk.com 16/02/2015)
(2)Thomas Cook is one of the world’s leading leisure travel groups, with sales of over £9 billion and more than 20 million customers. Operating from 17 countries, Thomas Cook employs c.27,000 employees. (Source: http://www.thomascook.com 17/02/2015)
(3)The lease provides for a tenant option to determine the lease on 31st July 2018.

Property Documents

  • Site Plan
    Updated Date
    03.03.15
    File Size
    91 KB
    View PDF
  • Catalogue Page
    Updated Date
    03.03.15
    File Size
    679 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
Crombie Wilkinson Solicitors LLP 19 Clifford Street
York
YO1 9RJ
Abigail Mitchell 01904 695 885a.mitchell@crombiewilkinson.co.uk

Useful Links

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

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