Wellingborough, NN8 1BD
For Sale: £900,000 for the Freehold
26,645 Sq Ft (2,475.32 Sq M)
Retail Property (High Street) For Sale
Ground Floor Retail
Residential Development Oppotunity
Prominent trading location
Close to Weatherspoons & Morrisons
3 Commercial Units
The building currently has 3 ground-floor retail units and rear parking land with 2 floors above with schemes for residential conversion or rebuild. The property is in close proximity to Weatherspoon's and Morrisons. The ground floor unit 17G, is currently let on a 5-year lease from 20/12/2022 with landlord and tenant break option on 19/12.2025 subject to 6 months. notice. Further information regarding the residential schemes can be provided upon request. The freehold also includes a section of land at the rear which could be designated for parking or potential development. The existing ground floor is tenanted with a tenancy at will and further information can be provided on request. Viewings are recommended. Measurements are approximated only and are not to be relied upon.
Wellingborough lies in the heart of the Midlands, some 13 miles north of Northhampton (and the M1) and 8 miles south of Kettering (and the A14). The Borough population is currently 75,600 (2011) and is home to nearly 3,000 businesses. Further expansion of the town in snow progressing at 'WEAST' (Wellingborough East), which will provide for an additional 12,800 new homes and around 3 million sq ft of employment. The property is located on Silver Street , which is a busy main road in the heart of Wellingborough Town Centre. With immediate occupiers including The Red Wall (Weatherspoon's), Morrisons, Hardwoods, Rose & Dagger Tattoo.