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
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Trustees

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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

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

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

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.