Property photos
£195,000
(£234.94/sq. ft)
Retail premises for sale
Roman Road, Corby NN18830 sq. ft
Local area information
Property location
Nearby amenities
- Little Stanion Primary School 0.1 miles
- Stanion Church of England (Aided) Primary School 0.5 miles
- Corby 1.2 miles
- Kettering 6.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Investment Sale
- Let on a long Lease
- Next to Tesco Express
- Visible Village Square location
Location
Little Stanion, designated as a “committed new village” is located around 1.1 miles southeast of the centre of Corby and enroute to the nearby 3.3m sq ft EuroHub distribution and warehouse development. The first of over 1,000 dwellings completed in 2008.
The Village Square is at the heart of this new community and is the only commercial development planned for the estate, which is also home to the Little Stanion Primary School, a one-form entry school with around 300 places which opened in 2012.
Nearby Corby is a major growth area being one of the fastest growing towns in the UK, the aim being to increase the 2021 Census population of 68,166 to around 110,000. Corby benefits from rapid road communications on the A14 A1-M1 dual carriageway, with local access at both Kettering and Thrapston, as well as a new railway station with a London St Pancras main line service.
Description
The commercial element of The Village Square development is all on the ground floor and comprises a Convenience Store let to Tesco Express, this Coffee Shop with Soft Play area let to Full of Beans Little Stanion Limited and one further retail unit.
Retail Unit 2 has a prominent corner position with a return frontage adjoining the tesco express convenience store, opposite the shoppers car park and Little Stanion Primary School. There is a rear service yard with gated access from the side which is included in the lease.
Fitted out for its mixed use with an air conditioned open kitchen and customer seating area overlooking the childrens soft play installation. Accessibility sized customer WC. Rear access to the service yard.
Lease
Retail Unit 2 is around 830 sq ft and was let from new to Full of Beans Little Stanion Limited with Guarantor and a Rent Deposit on a 15 year lease from 19 July 2023 at a rent of £18,000 pa exclusive payable monthly in advance. There are upward only 5 yearly Retail Price Index linked rent reviews.
Little Stanion was the third Full of Beans in the East Midlands opened by The Apprentice finalist Khadija Kalifa.
More Tenant information can be found on their website
Tenure
The ground floor retail unit is held on a 120 year lease from April 2023 at a peppercorn rent with no review. There is a wide range of Permitted Uses within Classes B E or F of the Use Classes Order or any other use as the Landlord may approve, not to be unreasonably withheld or delayed.
For sale at £195,000 exclusive showing a gross yield of 9.23% on the rent of £18,000 pa.
The property is intended to be treated as a Transfer of a Going Concern (togc) for VAT purposes.
Viewing and further information
Strictly by appointment with the Agent
David Walker Commercial
9 Rushton Road
Wilbarston
Market Harborough LE16 8QL
Little Stanion, designated as a “committed new village” is located around 1.1 miles southeast of the centre of Corby and enroute to the nearby 3.3m sq ft EuroHub distribution and warehouse development. The first of over 1,000 dwellings completed in 2008.
The Village Square is at the heart of this new community and is the only commercial development planned for the estate, which is also home to the Little Stanion Primary School, a one-form entry school with around 300 places which opened in 2012.
Nearby Corby is a major growth area being one of the fastest growing towns in the UK, the aim being to increase the 2021 Census population of 68,166 to around 110,000. Corby benefits from rapid road communications on the A14 A1-M1 dual carriageway, with local access at both Kettering and Thrapston, as well as a new railway station with a London St Pancras main line service.
Description
The commercial element of The Village Square development is all on the ground floor and comprises a Convenience Store let to Tesco Express, this Coffee Shop with Soft Play area let to Full of Beans Little Stanion Limited and one further retail unit.
Retail Unit 2 has a prominent corner position with a return frontage adjoining the tesco express convenience store, opposite the shoppers car park and Little Stanion Primary School. There is a rear service yard with gated access from the side which is included in the lease.
Fitted out for its mixed use with an air conditioned open kitchen and customer seating area overlooking the childrens soft play installation. Accessibility sized customer WC. Rear access to the service yard.
Lease
Retail Unit 2 is around 830 sq ft and was let from new to Full of Beans Little Stanion Limited with Guarantor and a Rent Deposit on a 15 year lease from 19 July 2023 at a rent of £18,000 pa exclusive payable monthly in advance. There are upward only 5 yearly Retail Price Index linked rent reviews.
Little Stanion was the third Full of Beans in the East Midlands opened by The Apprentice finalist Khadija Kalifa.
More Tenant information can be found on their website
Tenure
The ground floor retail unit is held on a 120 year lease from April 2023 at a peppercorn rent with no review. There is a wide range of Permitted Uses within Classes B E or F of the Use Classes Order or any other use as the Landlord may approve, not to be unreasonably withheld or delayed.
For sale at £195,000 exclusive showing a gross yield of 9.23% on the rent of £18,000 pa.
The property is intended to be treated as a Transfer of a Going Concern (togc) for VAT purposes.
Viewing and further information
Strictly by appointment with the Agent
David Walker Commercial
9 Rushton Road
Wilbarston
Market Harborough LE16 8QL
More information
Listed by
David Walker Commercial
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