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119A-B High St 937 SF 54% Leased Retail Building Rushden NN10 0NZ $1,424,548 CAD ($1,520.33 CAD/SF) 6.67% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Investment Property.
  • Four Flats to upper floors.
  • Two Retail units to ground.

EXECUTIVE SUMMARY

£765,000 for the Freehold Highly attractive mixed-use terraced property offering an excellent investment opportunity, comprising 2 well- positioned Class E commercial retail units, along with 4 well-maintained one-bedroom residential apartments. Fully tenanted, the property generates a total annual rental income of £51,000. The commercial units provide £9,000 and £10,000 per annum, while the residential apartments each generate £7,800 annually, with one apartment bringing in £8, 3,400. The property also benefits from planning permission (NE/23/01227/FUL) for two additional one-bedroom apartments, offering significant development potential.
Rushden's High Street offers a vibrant and bustling environment, with a mix of independent retailers, popular cafés, and essential services, making it an attractive destination for both locals and visitors. Public transport links are excellent, with regular bus services connecting Rushden to nearby towns and cities. The A6 and A45 roads provide direct access to major routes, facilitating convenient travel by car to neighbouring areas. The property is also located near Rushden Lakes, a major retail and leisure centre that boasts an impressive selection of shops, restaurants, and entertainment options, further enhancing the appeal of the location.
The EPC rating for the property is 47 - Band B. Flats - Band D.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
937 SF
Building Class
B
Year Built
1901
Price
$1,424,548 CAD
Price Per SF
$1,520.33 CAD
Cap Rate
6.67%
NOI
$94,970 CAD
Percent Leased
54%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.03 AC
Frontage
32’ on High Street

AMENITIES

  • 24 Hour Access
  • Security System
  • Storage Space

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • Ground
  • 431 SF
  • Retail
  • In-Line
  • Now

The premises consist of a well-located Class E commercial unit, suitable for retail or office use. Formerly operated as a taxi office, the unit includes a W.C. and a kitchenette, providing essential amenities for a variety of business uses. Rushden's High Street offers a vibrant and bustling environment, with a mix of independent retailers, popular cafés, and essential services, making it an attractive destination for both locals and visitors. Public transport links are excellent, with regular bus services connecting Rushden to nearby towns and cities, making it easy to travel around the region. The A6 and A45 roads provide direct access to major routes, facilitating convenient travel by car to neighbouring areas. The property is also located near Rushden Lakes, a major retail and leisure centre that boasts an impressive selection of shops, restaurants, and entertainment options, further enhancing the appeal of the location. The premises are to be let by way of a new lease at a rental of £10,000 per annum exclusive. The EPC rating for the property is 47 - Band B.

Space Size Space Use Position Available
Ground 431 SF Retail In-Line Now

Ground

Size
431 SF
Space Use
Retail
Position
In-Line
Available
Now

Ground

Size 431 SF
Space Use Retail
Position In-Line
Available Now

The premises consist of a well-located Class E commercial unit, suitable for retail or office use. Formerly operated as a taxi office, the unit includes a W.C. and a kitchenette, providing essential amenities for a variety of business uses. Rushden's High Street offers a vibrant and bustling environment, with a mix of independent retailers, popular cafés, and essential services, making it an attractive destination for both locals and visitors. Public transport links are excellent, with regular bus services connecting Rushden to nearby towns and cities, making it easy to travel around the region. The A6 and A45 roads provide direct access to major routes, facilitating convenient travel by car to neighbouring areas. The property is also located near Rushden Lakes, a major retail and leisure centre that boasts an impressive selection of shops, restaurants, and entertainment options, further enhancing the appeal of the location. The premises are to be let by way of a new lease at a rental of £10,000 per annum exclusive. The EPC rating for the property is 47 - Band B.

NEARBY MAJOR RETAILERS

ASDA
HSBC
Anytime Fitness
Sainsbury's
Tesco
Lidl
Iceland
Costcutter
Hungry Horse
Co-op
  • Listing ID: 35668700

  • Date on Market: 2025-04-29

  • Last Updated:

  • Address: 119A-B High St, Rushden NN10 0NZ

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