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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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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

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

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

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.