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Sold
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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.
Tenure
Freehold
Rent
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