property
The property is located on Market Street within Kettering Town Centre, linking the High Street with Horse Market. Within the vicinity, there is a good mix of retailers, together with a number of national operators including Yorkshire Bank and Lloyd TSB.
Kettering is a popular market town with a population of circa 44,000, located 14 miles (approx.) north east of Northampton.
On Behalf of the Joint LPA Receivers
The property comprises an attractive three storey mid terrace building of brick and tiled construction, standing in a parade of similar properties. The ground and first floors are well presented and utilised for men's clothes retail, whilst the second floor is used for storage.
Commercial Investment
A Freehold Town Centre Retail Investment
Current Gross Income: £9,600 pa.
We understand that the property is Freehold, subject to a Lease for 5 years with effect from 14th August 2011, at a current rent of £9,600 per annum.
Full details relating to tenure, together with copies of the Lease will be available within the legal pack.
VAT is believed not to be payable in respect of this lot, but all interested parties are referred to the Special Conditions of Sale within the legal pack, which provides that VAT may be payable in certain circumtances.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
