December 2022: Wednesday 14 December 2022 - 9:00am
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    Key features

    • Rectangular shaped town centre site of approx. 1.63 acres
    • Currently split into a number of units let on separate leases
    • Three entrances to site
    • Possible planning for over 50 units
    • Signed into the local councils Kettering North site specific part 2 of the local plan KE/153
    • Total rent £75,400 pa
    • Possible rent increase potential

    Additional information

    Tenure

    Freehold.

    Accommodation

    Site area an approx. 1.63 acres

    Tenancy

    Motor Dealership

    • 2 year lease from 10 April 2018

    Vodafone

    • 15 year lease from 6 August 2013

    Car Repair Garage

    • Licence 16th December 2010/ Tenancy at will 1 May 2019

    Upholsterer

    • License dated 21 May 2012

    Car Valeting

    • Tenancy at will dated 12 April 2021

    Total current rent £75,400 per annum (see legal pack for individual rents)

    Planning

    An indicative scheme was drawn up being a mixture of 2/3 bedroom townhouses and 1/2 bedroom flats.

    Now signed into the local councils Kettering North site specific part 2 of the local plan housing site KE/153.

    Rent

    £75,400 p.a.

    Notes

    Please note the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

    Please note the sale is NOT subject VAT.

    Please note there is mains electricity via two feeds to the site.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Kettering is a market and commuter town of approximately 63,000 people located 83 miles north of London and 13 miles North East of Northampton.

      The property is situated between Lawson Street and Clarence Road which is located off Stamford Road.

      Shopping facilities are available locally along with a good selection of cafes bars and restaurants.

      Recreational facilities can be found at Pleasure Park and North Park outdoor facility which are both conveniently close by.

      The site is well positioned for communications both rail road and ferries.

      The A14 links the ports on the east coast with the M1, M6 and London.

      Transport

      National Rail - Kettering to central London Kings Cross Euston and Eurostar opens up the continent.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums