127 - 133 St James Road, Northampton, NTH

The property comprises a corner terrace build with a rendered finish and pitched slate roof. The property is arranged on ground and one upper floor to provide a large retail unit which benefits from an extensive main road frontage. There is a yard at the rear providing 7 car parking spaces. There is also a lock-up storage unit at the rear. The first floor provides residential space.
The property is located on the east side of St James Road at its junction with Stenson Street. St James Road forms part of the A45 and the Northampton's bus and Railway Stations lie in close proximity.

Sale Notes:
The available investment comprises a freehold retail income producing opportunity offering IY 6.40%. The property is currently let to Bathstore.com Limited on a 25 year lease from 24 June 1991 on IRI terms at a rental of £24,500 pa. The first floor and ground floor storeroom have been sold on a long leasehold for 125 years from 10the October 2005 at a rental of £600 pa.
Let to Bathstore.com on a 25 year lease commencing 24 June 1991, at a current rental of £24500 per annum with no breaks. Lease assignment from Majestic Wines in 1991
First floor let on a current rent of £600 pa until 2130, doubling every 33 years