A PRIME site in Northampton town centre has been acquired by Hadland Chartered Surveyors on behalf of a client who is now looking to let the entertainment venue that forms part of the ground floor. Abbey Ross represented the vendors.
The part-let investment, is located on the corner of Gold Street and Drapery, with fashion retailer Circus the anchor tenant. The adjoining 6,000 square foot section was formerly a nightclub and would be ideal for a similar use, restaurant or supermaket.
One of the factors that attracted the new owners was the proximity of national restaurant chains such as Prezzo and Nando’s, and the expected increase in footfall in that area of town when the new university campus is occupied.
Elsewhere, Hadlands have have agreed a new lease of Scrivens Barn in Castle Ashby. The high quality barn conversion forming part of the Castle Ashby Estate has recently been let at the full asking rent on a 3 year term. The property which comprises a refurbished and extended stone barn totalling 1,609 sq ft has been let to electrical contractor Protest ES Ltd
New to the market in Northampton is a long-established restaurant property in Derngate. In an excellent location, close to the Royal and Derngate Theatre and in the Cultural Quarter of the town, the premises comprise a ground floor restaurant with 34 covers with kitchen and toilet facilities on the first floor. The total internal area is 81.31 square metres and the property is on the market at £230,000. There will be no business rates to pay for qualifying small businesses between April 2017 and 2018.
We also have town centre shop premises in Bradshaw Street, opposite the bus station, available to let. Suitable for a variety of uses, subject to planning, the 48.52 square metre ground floor unit is available on a lease for a term of years to be agreed at £12,500 per annum.
In Wootton Fields we are offering a lease on a modern ground floor office, at £7,750 per annum exclusive. The property includes office furniture if required and has car parking spaces for four cars.
In the industrial sector, TT Autos have taken a 10 year lease of 59 Tenter Road Moulton Park from on of Hadland’s private pension scheme clients. The property comprises a 3,400 sq ft modern industrial unit and will operate as an MOT and motor service centre following the expansion and relocation of TT Autos from Earls Barton. Hadlands initially acquired the freehold interest for their clients and, on finding the new tenant negotiated a surrender with the previous tenant allowing them to relocate to smaller premises.
For assistance or for more information about properties or services available from Hadland Chartered Surveyors, telephone 01604 639657 or visit the website www.hadlands.co.uk
