Commercial Development in NN16

Market Street, Kettering, Northamptonshire, NN16 0AH

Brochure

Tenure: Freehold

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Starting bid£180,000

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Key Information

Parking: None

Property features

Vacant Possession
Freehold Property
Suitable for owner-occupiers, investors and developers

Commercial Development in NN16

For Sale Via Online Auction. Fee's Apply.

An excellent opportunity to acquire a prominent three-storey mid-terraced commercial property in the heart of Kettering town centre.

Constructed in traditional brick with an attractive glazed retail frontage and characterful arched windows to the upper floors, the property extends to approximately 111.5 sq m (1,199 sq ft) over three levels.

The ground floor provides an open-plan retail/sales area together with a storeroom and WC. The first and second floors are currently arranged as storage accommodation but offer excellent potential for alternative commercial uses, including additional retail space or office accommodation, subject to any necessary planning consents. Planning permission has been approved for the conversion of the first and second floors into residential accommodation - planning reference - reference NK/2024/0292.

The property occupies a highly visible position on Market Street amongst a mix of established independent retailers and national occupiers, benefiting from strong pedestrian footfall within Kettering town centre.

Offered with vacant possession and available on a freehold basis, this property presents an ideal opportunity for owner-occupiers, investors or developers seeking a well-located commercial asset with future asset management potential.

Key Three-storey freehold commercial building
• Approx. 111.5 sq m (1,199 sq ft)
• Prime Kettering town centre location
• Large glazed retail frontage

Description

An excellent opportunity to acquire a prominent three-storey mid-terraced commercial property in the heart of Kettering town centre. Constructed in traditional brick with an attractive glazed retail frontage and characterful arched windows to the upper floors, the property extends to approximately 111.5 sq m (1,199 sq ft) over three levels.

Tenure

Title number NN61994 - Freehold

Location

The property occupies a highly visible position on Market Street amongst a mix of established independent retailers and national occupiers, benefiting from strong pedestrian footfall within Kettering town centre.

EPC

Rating D

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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