Chrysler Garage Bayes Street Kettering Northamptonshire NN16 8HR

Chrysler Garage
Bayes Street
Kettering
Northamptonshire
NN16 8HR

Freehold Petrol Filling Station Investment

  • Let on a 15 year lease until 2029 (No breaks)
  • Highly Prominent corner position within the Town Centre
  • Operated as a Petrol Filling Station for over 21 years
  • Approximately 150 metres from Sainsburys, Morrisons, Tanners Gate Retail Park and the towns Multi-Storey Car Park
  • Approximate site area of 0.07 hectares (0.18 acres)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    74
  • Auction
    8th December 2016
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £660,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Petrol Filling Station Investment

  • Let on a 15 year lease until 2029 (No breaks)
  • Highly Prominent corner position within the Town Centre
  • Operated as a Petrol Filling Station for over 21 years
  • Approximately 150 metres from Sainsburys, Morrisons, Tanners Gate Retail Park and the towns Multi-Storey Car Park
  • Approximate site area of 0.07 hectares (0.18 acres)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 74
  • Auction 8th December 2016
  • Rent
  • Status Sold
  • Price £660,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

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 Airport, London Stansted Airport, London Luton Airport
Situation

The property is situated in a highly prominent corner position within the town centre at the junction of Bayes Street and the busy Northall Street (A4300), which runs west to east through the town centre, connecting Kettering with the A43 and A14 Trunk Road. The property is opposite the Tanners Gate Retail Park and some 150 metres from Sainsburys and Morrisons Supermarkets and the towns Multi-Storey Car Park adjoining the Newlands Shopping Centre. Other nearby occupiers include Lloyds Pharmacy, Pets at Home and Farmfoods.

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 Airport, London Stansted Airport, London Luton Airport
Situation

The property is situated in a highly prominent corner position within the town centre at the junction of Bayes Street and the busy Northall Street (A4300), which runs west to east through the town centre, connecting Kettering with the A43 and A14 Trunk Road. The property is opposite the Tanners Gate Retail Park and some 150 metres from Sainsburys and Morrisons Supermarkets and the towns Multi-Storey Car Park adjoining the Newlands Shopping Centre. Other nearby occupiers include Lloyds Pharmacy, Pets at Home and Farmfoods.

Tenure

Freehold.

Description

The property comprises a substantial petrol filling station forecourt, a vehicle MOT and repair workshop benefiting from 3 vehicle bays and a convenience store trading as Londis. The site also benefits from a hand car wash and an approximate site area of 0.07 hectares (0.18 acres).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a substantial petrol filling station forecourt, a vehicle MOT and repair workshop benefiting from 3 vehicle bays and a convenience store trading as Londis. The site also benefits from a hand car wash and an approximate site area of 0.07 hectares (0.18 acres).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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 Reviews
Ground Petrol Station &
Convenience Store
MOT Workshops
69.96 sq m

167.78 sq m
(753 sq ft)

(1,806 sq ft)
AK KETTERING STATION
LIMITED t/a Shell and
Londis
15 years from 01/09/2014 until 2029 on a full repairing and insuring lease (1) (2)
£60,000 (3)
01/09/2019
01/09/2014
Totals  
237.74 sq m
(2,559 sq ft)
   
£60,000

(1) Part of the forecourt is sublet to a car wash operator. It is expected that the sublease will be completed prior to the auction date.
(2) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954. The seller is holding a 6 month rent deposit.

Property Documents

  • Site Plan
    Updated Date
    16.11.16
    File Size
    71 KB
    View PDF
  • Catalogue Page
    Updated Date
    16.11.16
    File Size
    1 MB
    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
D&S Legal LLP FF10 Heybridge Business Centre, 110 The Causeway
Maldon
Essex
CM9 4ND
Dean Alexander 01621 710 212dean@dandslegal.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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