22 Silver Street Available

22 Silver Street Wellingborough
1908 sq ft


Investment opportunity, with scope for further redevelopment, situated within Wellingborough town centre. NEW 5yr ground floor lease from APRIL 2019.
  • Prominent building arranged over three storey
  • Substantial ground floor retail area
  • No.3 residential flats providing an income of £16,640 pa
  • New commercial lease on ground floor and rear uppers with av. income of £14,200 pa
  • Town Centre location


The property is situated on Silver Street, to the north west fringe of Wellingborough Town Centre with frontage to the busy one way inner ring road system in a mixed use location. Morrisons and the Swansgate Shopping Centre lie a short walking distance to the south.


The property comprises a period style building arranged over three floors, providing both commercial and residential accommodation. The ground floor offers substantial retail space with rear storage/office area. The two upper floors offer further accommodation with three self-contained flats, accessed via a separate entrance from Silver Street.

We understand that the No.3 residential flats are let on Assured Shorthold Tenancies, and provide a total income of £16,640 per annum.

The ground floor and rear upper floors are subject to a new lease for a term of 5 years from April 2019 at a stepped rent of;
Year 1 = £13,000 pa
Year 2 = £13,500 pa
Year 3 = £14,500 pa
Year 4 & 5 = £15,000 pa

Floor Areas

Ground Floor Retail (circa) 1,000 Sq Ft 92.90 Sq M
Ground Floor Ancillary 224 Sq Ft 20.81 Sq M
First Floor Office / Store 279 Sq Ft 25.92 Sq M
Second Floor Office / Store 405 Sq Ft 37.62 Sq M
Total Area 1,908 Sq Ft 177.26 Sq M


The premises is available as a whole upon a freehold basis, subject to the residential and commercial income, as described in 'Accommodation'.

Legal Costs

Each party is to be responsible for their own legal costs.


It should be noted that all figures quoted either verbally or in writing are exclusive of VAT unless specifically stated.


We understand that mains services including water, drainage and electricity are connected to the property. 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.

Service Charges

Energy Performance Certificate Rating

D (87)

Other Information

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 ask for your cooperation in order to not delay matters.


To view and for further details please contact:

Stephen Battersby
Email: sb@underwoods.co.uk
Telephone: 01604 404060
Direct Dial: 01604 783002

Amy Gregory
Email: ag@underwoods.co.uk
Telephone: 01604 404060
Direct Dial: 01604 774146

Or through our joint agent Berrys, on 01536 517777.