A Prominent Town Centre Restaurant Investment Arranged to Provide a Ground Floor Restaurant and Four Flats (Sold Off on Long Leases) Producing a Combined £25,600 Per Annum (Rising to £26,200 in 2028).

The property comprises a mixed use corner building fronting both Market Street and High Street and is arranged to provide a recently refurbished ground floor restaurant and four self-contained flats (all sold off) arranged over the first and second floors.

Tenure

Freehold

Location

The property is located on the corner of Market Street and High Street in the busy town centre, adjacent to the multiples of Lloyds bank, Barclays bank, Subway and opposite the Royal Hotel in the heart of Kettering town centre. Kettering is located approximately 15 miles from Northampton and has good access to A14 and M1, as well as transport links provided by Kettering rail station.

Accommodation

Lower Ground & Ground Floor Basement Restaurant Area with large yard housing fridge chillers Net Lettable Area Approximately 1,828 sq ft / 169 sqm First Floor Flat 2A Two/Three Bedroom Flat Flat 2B Two Bedroom Flat SecondFloor Flat 2C One Bedroom Flat Flat 2D One Bedroom Flat

Tenancy

The restaurant is subject to an FRI lease to RT Foods ( Midlands ) Ltd for a term of 10 years expiring on 10th April 2029 at a rent of £25,000 per annum (rent review in 2026). Each flat is sold off on an 125 year lease commencing 25th December 2002 producing £150 per annum (rising to £300 in 2028).

The property forms part of a conservation area.

VAT

VAT is applicable

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.