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Retail space with development options

PRIME retail space on Abington Street that has potential for additional residential development offers an exciting opportunity for the right investor.

Currently a supermarket, the building consists of around 11,000 square feet of commercial space and achieves an annual income of £64,000. The design of the building lends itself to the additional development of 6 residential units space,

The building is on the market at an asking price of around £975,000.

On The Drapery, a ground floor and basement retail unit is available to let at an initial asking rent of £40,000. In a prominent location between H Samuel jewelers and Circus, the unit offers 1,721 square feet of space and enjoys a heavy footfall both day and night, with nearby occupiers including Turtle Bay, McDonald’s and Revolution Bar.

Two office units within Chancery House on Sheep Street have also become available. On the ground floor of the Grade II listed building, an office suit comprising 1,650 square feet, while on the second floor, 1,589 square feet of space is also vacant.

The building, which offers excellent quality accommodation over three floors, also has parking space available at the rear of the building. Full details of lease terms are available on application.

Outside the town centre, Duston Parish Council has instructed Hadlands to market two modern office units within the St Luke’s Centre.

With no business rates for qualifying small businesses, and with the benefit of an on-site car park, the units are available on new leases for a term of years to be agreed. Unit 5 offers 471 square feet and is available at 5,750 per annum, while Unit 3 provides 306 square feet of space at £3,750.

Situated just off the A43 at Hannington, a business unit with development land is available to purchase at £350,000. The site currently comprises a child’s day nursery of around 1,650 square feet, situated on a plot of 0.13 acres, while the entire site including development land totals 0.47 acres.

There is plenty of potential for redevelopment, subject to planning consent, on a site that sits close to a busy crossroads and petrol station.

Alternatively, the property can be made available on a leasehold basis at an asking rent of £25,000 per annum.

Find out more about these and other properties available through Hadland Chartered Surveyors by calling 01604 639657, or visit the website www.hadlands.co.uk

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