Highly Prominent corner position within the Town Centre
Operated as a Petrol Filling Station for over 21 years
Approximately 150 metres from Sainsburys, Morrisons, Tanners Gate Retail Park and the towns Multi-Storey Car Park
Approximate site area of 0.07 hectares (0.18 acres)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 74
Auction 8th December 2016
Rent £60,000 per Annum Exclusive
Status Sold
Price £660,000
Sector Motor Trade, Petrol Station
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
14 miles north-east of Northampton, 25 miles south-east of Leicester, 30 miles south-west of Peterborough
Roads
A14, A43, A6
Rail
Kettering Railway Station
Air
Birmingham Airport, London Stansted Airport, London Luton Airport
Situation
The property is situated in a highly prominent corner position within the town centre at the junction of Bayes Street and the busy Northall Street (A4300), which runs west to east through the town centre, connecting Kettering with the A43 and A14 Trunk Road. The property is opposite the Tanners Gate Retail Park and some 150 metres from Sainsburys and Morrisons Supermarkets and the towns Multi-Storey Car Park adjoining the Newlands Shopping Centre. Other nearby occupiers include Lloyds Pharmacy, Pets at Home and Farmfoods.
Tenure
Freehold.
Location
Miles
14 miles north-east of Northampton, 25 miles south-east of Leicester, 30 miles south-west of Peterborough
Roads
A14, A43, A6
Rail
Kettering Railway Station
Air
Birmingham Airport, London Stansted Airport, London Luton Airport
Situation
The property is situated in a highly prominent corner position within the town centre at the junction of Bayes Street and the busy Northall Street (A4300), which runs west to east through the town centre, connecting Kettering with the A43 and A14 Trunk Road. The property is opposite the Tanners Gate Retail Park and some 150 metres from Sainsburys and Morrisons Supermarkets and the towns Multi-Storey Car Park adjoining the Newlands Shopping Centre. Other nearby occupiers include Lloyds Pharmacy, Pets at Home and Farmfoods.
Tenure
Freehold.
Description
The property comprises a substantial petrol filling station forecourt, a vehicle MOT and repair workshop benefiting from 3 vehicle bays and a convenience store trading as Londis. The site also benefits from a hand car wash and an approximate site area of 0.07 hectares (0.18 acres).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial petrol filling station forecourt, a vehicle MOT and repair workshop benefiting from 3 vehicle bays and a convenience store trading as Londis. The site also benefits from a hand car wash and an approximate site area of 0.07 hectares (0.18 acres).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Petrol Station & Convenience Store MOT Workshops
69.96 sq m
167.78 sq m
(753 sq ft)
(1,806 sq ft)
AK KETTERING STATION LIMITED t/a Shell and Londis
15 years from 01/09/2014 until 2029 on a full repairing and insuring lease (1) (2)
£60,000 (3)
01/09/2019 01/09/2014
Totals
237.74 sq m
(2,559 sq ft)
£60,000
(1) Part of the forecourt is sublet to a car wash operator. It is expected that the sublease will be completed prior to the auction date. (2) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954. The seller is holding a 6 month rent deposit.
