Land for sale

Rooms

Location
The property is located along West Street which is in the heart of Kettering's Town Centre nearby the Royal Hotel and Restaurant Quarter of Town. West Street is accessed off Market Place. The buildings are within the conservation area of the town. Neighbours include the flats of Westfield House and other residential cottages and flats on West Street.

Description
The property comprises of an access road from West Street, opening up to a large hard standing car park. The property comprises of 0.13 acres of hardstanding. The car park is currently let out to local occupiers under licence agreements.

Accommodation
The property has been measured to a total site area of 0.13 acres.

Asking Price
The property is available with vacant possession at a Guide Price of £250,000.

VAT
We understand that VAT is not applicable to the sale.

Tenancies
The 13 car parking spacaes are let on flexible licence agreements to local businesses at £12.50 per space per week. This equates to a total passing rent of £8,500 per annum.

Alternative Uses
The property is currently used as car parking but alternative uses would be considered by the local authority subject to planning permission.

Planning
The site previously benefitted from planning permission for the erection of 4 no. dwellings under application KET/2014/0051 which was approved in February 2015. Alterations to this planning permission were made under application KET/2014/0059 and KET/2017/0968.

Legal Costs
Each party is to bear their own legal and professional fees.

Services
We understand from the current owners that a gas meter unit is on site. Other services may need to be brought in to site.