Cashino, Northampton

 

7 Abington Street Northamptonshire NN1 2AN

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Betting Shops
  • Tenure: Freehold
  • Gross Rent: £91,399
  • Lease Term: 14 years from Jul '12
  • VAT applicable?: Y

Property Description

  • Freehold, Blue-chip, Gaming Arcade Investment.
  • The property is arranged on ground and two upper floors to provide a ground floor shop and self-contained first floor offices.
  • The property provides approx 3,258 sq ft in total (Ground 2,072 sq ft, First Floor 1,186 sq ft & Second floor not measured).

Location Description

  • Northampton is a well established commercial centre lying approximately 65 miles north of London, 33 miles south of Leicester and 19 miles north of Milton Keynes and has a population in excess of 194,000.
  • The town benefits from excellent road communications, with Junctions 15, 15A and 16 of the M1 Motorway providing access to London, Birmingham and the national motorway network.
  • The property is well located on the north side of the pedestrianised Abington Street, close to its junction with Market Square which holds a popular market six days a week. The Grosvenor Shopping Centre is within close proximity, where occupiers include McDonald’s, Primark, Boots the Chemist, Accessorize, Card Factory, Next, Office, Sainsbury’s, Superdrug and Topshop.
  • Other occupiers close by include Starbucks, Burger King, Moss Bros (adjacent), Ann Summers, Caffè Nero (opposite), Nando’s, O2, Skipton Building Society, Carphone Warehouse, JD Sports, Waterstones, Zara and Dorothy Perkins, amongst many others.

Additional Notes

  • The entire property is at present let to BALEDAY LIMITED (t/a Cashino) for a term of years from 1st July 2012 expiring 30th November 2025 at a current rent of £91,399 per annum.
  • The lease provides for a fixed rental uplift on 1st December 2020 rising to £104,244 per annum and contains full repairing and insuring covenants. The Vendor understands the first floor has been sub-let.

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