40 Market Street Wellingborough Northamptonshire NN8 1AD

40 Market Street
Wellingborough
Northamptonshire
NN8 1AD

Former Bank Opportunity with Immediate Asset Management Opportunities

Substantial Former Bank Building
Approx. 837.70 sq. m. (9,017 sq. ft.)
Of interest to owner occupiers
Asset management opportunities
Nearby occupiers include Lloyds, Barclays, Halifax, B&M and Betfred
Not elected for VAT

Lot
37
Auction
26th March 2026
Rent
£100 per Annum Exclusive
Status
Available
Guide*
£175,000
Auction Venue
Live Streamed Auction
On Behalf of NatWest Bank

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Former Bank Opportunity with Immediate Asset Management Opportunities

Substantial Former Bank Building
Approx. 837.70 sq. m. (9,017 sq. ft.)
Of interest to owner occupiers
Asset management opportunities
Nearby occupiers include Lloyds, Barclays, Halifax, B&M and Betfred
Not elected for VAT

Lot 37
Auction 26th March 2026
Rent £100 per Annum Exclusive
Status Available
Guide* £175,000
Sector
Bank, Development
Auction Venue
Live Streamed Auction
On Behalf of NatWest Bank

Property Information

Location

Miles: 12 miles north-east of Northampton, 19 miles north-west of Bedford, 70 miles north of Central London
Roads: A509, A45, A6. A43
Rail: Wellingborough Rail Station
Air: London Luton Airport

Situation

The property is prominently situated in a prime pedestrianised retail area, fronting Market Square, immediately adjacent to Swansgate Shopping Centre, which includes occupiers such as Boots, Holland & Barrett, New Look and Specsavers. Other nearby occupiers include Lloyds, Barclays, Halifax, B&M and Betfred.

Tenure

Freehold. Part Long Leasehold. The Basement is held for a term of 125 years from 1977 at a peppercorn ground rent. The Landlord's consent is required for the assignment.

Location

Miles: 12 miles north-east of Northampton, 19 miles north-west of Bedford, 70 miles north of Central London
Roads: A509, A45, A6. A43
Rail: Wellingborough Rail Station
Air: London Luton Airport

Situation

Tenure

Freehold. Part Long Leasehold. The Basement is held for a term of 125 years from 1977 at a peppercorn ground rent. The Landlord's consent is required for the assignment.

Description

The property comprises a former bank building arranged over basement, ground, first and part second floors with the majority of the second floor sold off on a long lease for 125 years from 14/07/2010.

The property also benefits from access via the rear, leading to the basement. The basement is to be used solely as a loading bay for 40 Market Street for banking purposes.

VAT

Not Elected for VAT

Note

This sale is conditional and is subject to confirmation by the Seller. Please see further details within the Special Conditions of Sale.

EPC

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

Description

VAT

Not Elected for VAT

Note

This sale is conditional and is subject to confirmation by the Seller. Please see further details within the Special Conditions of Sale.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Basement Ground First Second	Ancillary Retail Office Ancillary	103.60 256.60 232.60 13.30	(1,115) (2,762) (2,504) (143)	VACANT	-	-	-
Second	Ancillary	231.60	(2,493)	GANATRA INVESTMENTS LIMITED	125 years from 14/07/2010	£100	14/07/2035 and 25 years thereafter (1)
Total		837.70	(9,017)			£100

N.B. The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(1) On 14/07/2035, the rent will rise to £150 and then by a further £50 every 25 years thereafter.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.