The property was built in 1993 and is arranged on ground floor only, comprising a purpose-built supermarket extending to 14,983 sq.ft (1,392 sq.m) to include retail sales, ancillary storage/staff/WCs and a designated loading bay with ramp. The store benefits from shared use of the 129 space car park.
Location Description
Northampton is the county town of Northamptonshire with a population in excess of 212,000.
It is a well-established commercial centre, one of the UK’s main distribution/logistics hubs. It lies approximately 65 miles north of London, 33 miles south of Leicester and 50 miles south-east of Birmingham.
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 situated on the west side of Northampton on the Harlestone Road (A428) about 0.6 miles to the west of Northampton Rail Station. It lies in a mixed commercial/residential area, close to Northampton Rugby Football Club.
Retailers in the vicinity include Farmfoods, Vets4Pets, The Post Office and Halfords. Becket Retail Park lies close to the south of the site, with occupiers including Majestic Wine, Bensons, National Tyre Centre, Angling Direct and Shire Mobility.
Additional Information
The entire site extends to around 2.1 acres and is freehold (edged red). Part of the site (c.0.3 acres- shaded grey on the site plan) is sold off on a 999 year lease from 29 November 1993 at a peppercorn. The head lessee is granted rights to share a 129 space car park, with the cost of maintaining the car park and other common parts shared by the freeholder and the head lessee. The head lease is subject to an occupational lease of an 8,858 sq.ft (823 sq.m) supermarket to Iceland Foods Limited until February 2030.
The site has food consent for its current use (Ref N/1992/677). Given its position/size in a mixed commercial/residential area on a busy arterial road within a 10 minute walk of the town centre, it could be suitable for alternative uses such as leisure, residential, care home or health care. Prospective buyers will need to make their own planning enquiries.
