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    Key features

    • To be offered on Wednesday 22 April
    • High Yielding Mixed Use Investment
    • Retail Unit and 3 x Two Bed Flats
    • Fully Let to Separate Tenants
    • Popular High Footfall Pitch
    • Virtual Tours Available (See Description)
    • Investment Let at £46,300 p.a. (11% GIY on Guide Price)

    Description

    The property comprises a high yielding, mixed-use investment opportunity occupying a prominent pitch on the high footfall Rushden High Street.

    Arranged as a ground floor retail unit with 3 x two bedroom flats to the upper parts, the property is fully let to separate tenants and producing a combined income of £46,300 per annum.

    The ground floor comprises a double fronted retail unit and is let to a tenant t/a Afro Shop on a five year lease from October 2025 paying £16,000 per annum. The lease features a tenant-only break option and a rent review on 16 October 2028.

    The upper parts comprise 3 x self contained two bedroom flats which are let on separate ASTs producing a combined rent of £30,300 per annum.

    The top flat has an initial 6-month term expired September 2022 with a current rent of £850 pcm. The bottom flat has an initial 6-month term expires November 2025 with a current rent £850 pcm. Flat C has an initial 6-month term expired January 2023 with a current rent £825 pcm.

    The property benefits from a prominent pitch fronting Rushden High Street. The street is the principal retail amenity within Rushden and benefits from high footfall. Nearby occupiers include Boots, Greggs, and Costa.


    Virtual Tour - Bottom Flat

    Additional information

    Tenure

    Freehold

    Rent

    £46,300 per annum

    Notes

    NOTICE – RENTERS' RIGHTS ACT 2025. Please take note if you wish to bid on a property with a tenancy. This Act is in force from 1 May 2026. From that date, all assured tenancies in the private rented sector will become rolling (“periodic”) tenancies and the current system of fixed term assured shorthold tenancies will no longer apply. Tenancies signed on or after 1 May 2026 will be subject to the new rules. If you are purchasing a property currently let on an assured shorthold tenancy, the tenancy may no longer operate as described in the tenancy schedule or legal pack if completion falls on or after 1 May 2026. Other changes under the Act also apply. This notice is for your information only and you should take legal advice before bidding and review Government Guidance available at: www.gov.uk/government/publications/guide-to-the-renters-rights-act

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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.

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      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.

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      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.

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