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Marketed by
40 Market Street 40 Market Street, Wellingborough, NN8 1AD
Use Class
E
Size
6,381 sq ft
Price
£350,000
Market Sector
High Street Scheme
Description
The property comprises a substantial former bank premises.
Ground Floor: Retail accommodation with a strong frontage onto Market Street, supported by rear ancillary areas.
Basement & First Floor: Additional ancillary accommodation and WCs.
Second Floor: Sold off on a long leasehold and separately occupied.
The layout provides flexibility for occupiers or investors seeking well-configured space in a high-footfall location.
Location
Wellingborough is a well-established market town within Northamptonshire, boasting a population of approximately 56,000. The town benefits from excellent connectivity, positioned just 10 miles northeast of Northampton and 5 miles south of Kettering.
The property occupies a prominent location on Market Street, immediately adjacent to the main entrance of the Swansgate Shopping Centre, the town’s principal retail destination. Surrounding occupiers include Lloyds, B&M Bargains, Halifax, and Betfred, ensuring strong footfall and visibility.
Key Information
Viewing
This property is being sold through an informal tender process hosted on Offr.io . To view full details and participate in the sale, please scan the QR code in the brochure. All interested parties must register on Offr.io to submit an offer.
Legal
The Money Laundering Regulations 2017 place a legal obligation on the agents to identify a proposed purchaser once the sale has been agreed and prior to instructing solicitors. Confirmation of the source of the purchaser's funds will also be required.
Accommodation
6,381 Sq.Ft
Financial
Rates
Interested parties are advised to make their own enquiries to the Local Authority.
Costs
Each party is responsible for their own legal and other professional costs incurred in the transaction.
Tenure
Freehold - The second floor is separately occupied via a 125 year lease from July 2010 at a rent of £100 pa. The basement loading bay is held on a lease for 125 years from 1977 at a peppercorn rent. The lease restricts the use to that associated with Banking only.
Rates
Disclaimer
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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