The property is located on the Watling Street (A5) junction at Fosters Booth, a popular village in Northamptonshire. The village provides various local amenities. The market town of Towcester is situated nearby.
Whilst Towcester is still a small market town, a considerable amount of both residential and commercial development has taken place during the course of the last 20 years. This trend is set to continue with further plans approved for additional housing development. The town is also home to the Towcester race course and is close to the Silverstone Grand Prix circuit which lies about 5 miles south on the A45.
The property comprises an attractive Grade II listed character building, currently trading as the 'Royal India' restaurant.
The ground floor comprises the main restaurant area, with a separate function room, providing 75 covers in total. A public bar, kitchen facilities, cellar and public w/c's complete the accommodation on the ground floor.
The upper floor is currently occupied as a self contained manager's flat and provides 3 double bedrooms, a kitchen and a lounge.
Externally, there is a large car parking area with space for 20 cars, a garden and further external stores.
|Ground Floor||2,182 Sq Ft||202.71 Sq M|
|First Floor||1,285 Sq Ft||119.38 Sq M|
|Cellar||1,490 Sq Ft||138.42 Sq M|
|Total Area||4,957 Sq Ft||460.52 Sq M|
The property is offered on an investment purchase basis, being wholly let on a 25 year lease which expires 8th April 2033. The passing rent is £35,000 per annum exclusive. There is an outstanding rent review due on 9th April 2018.
Further lease terms are available on request.
Both parties are to pay their own costs incurred in the transaction.
VAT is not applicable on this property.
We understand that mains services including water, electricity and drainage are connected to the property. Gas is provided via on-site gas tanks. It should be noted that none of the services have been tested and it is up to prospective occupiers to ensure that the facilities are installed and working to their own satisfaction.
In accordance with Money Laundering Regulations, please be aware that any prospective purchaser will be asked to produce I.D. documentation when a sale is agreed and we kindly ask for your cooperation in order to minimise delay.
To view and for further details please contact:
Telephone: 01604 404060
Direct Dial: 01604 783004
Telephone: 01604 404060
Direct Dial: 01604 774144