22 Silver Street Available

22 Silver Street Wellingborough
NN8 1AY
£400,000
1000 - 1908 sq ft

Summary

Investment opportunity, with scope for further redevelopment, situated within Wellingborough town centre.
  • Prominent building arranged over three storey
  • Substantial ground floor retail area
  • No.3 residential flats providing an income of £16,640 pa
  • Town Centre location

Location

The property is situated on Silver Street, to the north west fringe of Wellingborough Town Centre with frontage to the busy one way inner ring road system in a mixed use location. Morrisons and the Swansgate Shopping Centre lie a short walking distance to the south.

Accommodation

The property comprises a period style building arranged over three floors, providing both commercial and residential accommodation. The ground floor offers substantial retail space with rear storage/office area. The two upper floors offer further accommodation with three self-contained flats, accessed via a separate entrance from Silver Street.

We understand that the No.3 residential flats are let on Assured Shorthold Tenancies, and provide a total income of £16,640 per annum.

The property offers the potential for further residential conversion of the upper floors.

In the event that the ground floor retail unit is let by way of a separate leasehold tenure, the Landlord reserves the right to provide for a service charge provision into the lease.

Floor Areas

Ground Floor Retail (circa) 1,000 Sq Ft 92.90 Sq M
Ground Floor Ancillary 224 Sq Ft 20.81 Sq M
First Floor Office / Store 279 Sq Ft 25.92 Sq M
Second Floor Office / Store 405 Sq Ft 37.62 Sq M
Total Area 1,908 Sq Ft 177.26 Sq M

Terms

The premises is available as a whole upon a freehold basis, subject to the residential income, or upon a leasehold basis for the ground floor only.

Legal Costs

Each party is to be responsible for their own legal costs.

VAT

It should be noted that all figures quoted either verbally or in writing are exclusive of VAT unless specifically stated.

Services

We understand that mains services including water, drainage and electricity are connected to the property. It should be noted that none of the services have been tested and it is up to prospective occupiers to ensure that the facilities are installed and working to their own satisfaction.

Service Charges

Energy Performance Certificate Rating

D (87)

Other Information

In accordance with Money Laundering Regulations, please be aware that any prospective purchaser will be asked to produce I.D. documentation when a sale is agreed and we ask for your cooperation in order to not delay matters.

Viewing

To view and for further details please contact:

Stephen Battersby
Email: sb@underwoods.co.uk
Telephone: 01604 404060
Direct Dial: 01604 783002

Amy Gregory
Email: ag@underwoods.co.uk
Telephone: 01604 404060
Direct Dial: 01604 774146

Or through our joint agent Berrys, on 01536 517777.