Watling Street East, Towcester

For Sale - Asking Price £695,000

6 5 4

LOCATION:

Towcester is a thriving and expanding market town which is strategically placed for access to the regional and national road network with Junction 15a of the M1 Motorway less than 6 miles to the north east. The town is situated at the Junction of the A5 Watling Street and A43 dual carriageway which provide easy access to Milton Keynes, Northampton, Banbury and the midlands.

TENANCIES:

The residential parts are subject to individual Assured Shorthold Agreements of less than 12 months. Three of the flats are now Statutory Periodic Tenancies. The residential parts are let for a total of £24,960 per annum exclusive.

The ground floor is subject to a full repairing and insuring lease to a private individual for 20 years from 1st April 2012. The current passing rent is £17,750 per annum. There are upwards only rent reviews on every 4th anniversary (next due 1st April 2024) with no break options.

ENERGY PERFORMANCE:

The property has the following EPC ratings:

Ground floor – C (52)

Flat 1 – C (69)
Flat 2 – D (65)
Flat 3 – C (69)
Flat 4 – D (60)

LEGAL COSTS:

Each party is responsible for their own legal and professional costs.

VAT:

All figures are quoted exclusive of VAT at the prevailing rate.

LOCAL AUTHORITY:

West Northamptonshire Council, One Angel Square, Angel Street, Northampton, NN1 1ED.

ACCOMODATION:

Basement Ancillary

768 sq ft (Net)
71.25 sq m (Net)
Business Use Class E

GROUND FLOOR RETAIL:

990 sq ft (Net)
91.25 sq m (Net)
Business Use Class: E
Taxation: £16,500

FIRST FLOOR FLAT 1:

Two Bedrooms
857 sq ft
79.66 sq m
Residential Use
Council Tax Band A

FIRST FLOOR FLAT 2:

Studio Apartment
273 sq ft
25.36 sq m
Residential Use
Council Tax Band A

SECOND FLOOR FLAT 3:

Two Bedrooms
857 sq ft
79.66 sq m
Residential Use
Council Tax Band A

SECOND FLOOR FLAT 4:

Studio Apartment
273 sq ft
25.36 sq m
Residential Use
Council Tax Band A

TENANT FEES:

HOLDING PAYMENT: A holding payment equivalent to 1 weeks rent is payable upon the start of the application.

SUCCESSFUL APPLICATIONS: Any holding deposit will be offset against the initial rent and deposit, with the agreement of the payee.

FAILED APPLICATIONS: A holding deposit will not be refunded in circumstances where the tenant withdraws, fails a Right to Rent check or provides false or misleading information that materially affects their suitability to rent the property.

FEES PAYABLE IN ACCORDANCE WITH THE TENANTS FEE ACT 2019: Additional charges may apply during the course of the tenancy or at the end and are detailed within the tenancy agreement.

TENANCY AGREEMENT: An Assured Shorthold Tenancy Agreement will be drawn up and must be signed by all tenants. A tenant is any person over the age of eighteen years, residing in the property on a permanent basis. This Agreement is a legally binding document. Anyone entering into this legal Agreement must be aware of the responsibilities and liabilities involved. If you are unsure, please take legal advice.

ANTI-MONEY LAUNDERING: To comply with anti-money laundering regulations, Bartram & Co have to be satisfied as to the identity, residency status and right to reside of all tenants. Failure to provide the requested documentation will affect your ability to rent the property.

CLIENT MONEY PROTECTION: Bartram & Co are members of SAFEagent and provide full client money protection. https://safeagents.co.uk/for-agents/client-money-protection/

REDRESS SCHEME: Bartram & Co are members of the Property Redress Scheme. https://www.theprs.co.uk/consumer/members/

VAT: All fees quoted are inclusive of VAT at the prevailing rate.

  • Substantial Mixed Use Investment
  • Prominent Town Centre Location
  • 990 sq ft Retail Unit + Basement
  • Two x Two Bedroom Apartments
  • Two x Studio Apartments
  • Communal Garden, Rear Access
  • Passing Rent of £42,740 Exclusive
  • 100% Let Asset Management Opportunity
Floorplan for Watling Street East, Towcester

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