68 High Street, Rushden, Northamptonshire, NN10

LOCATION: Rushden is in the Heart of the Midlands, some 15 miles east of Northampton (and the M1) and 41 miles west of Cambridge. The town has an urban population of circa. 25,500 and a district population of circa 76,500 (at the last census). The town has over recent years benefitted from investment to improve the shopping areas. The property is situated in the middle section of the High Street, with multiple retailers located nearby including Costa Coffee, Nationwide Building Society, Connells Estate Agent and close to a Iceland and a mix of independent retailers. THE PROPERTY: 68 High Street – the 856 sq ft property comprises the ground floor only providing retail accommodation with ancillary storage and staff facilities. Sales area of 566 sq ft, Office/Storage of 248 sq ft + 42 sq ft kitchen, wc’s. The sales area benefits from a suspended ceiling with inset lighting and gas radiator central heating. Rear of 74 High Street – the 485 sq ft property comprises the entire first floor compromising office/storage accommodation with ground floor staff facilities. Office/Storage of 389 sq ft + 96 sq ft kitchen, wc. The accommodation is heated by way of wall mounted electric storage heaters. TENURE: The property is being offered to let on assignment of the existing internal repairing and insuring lease to expire 31st December 2028, subject to an option to determine the lease 31st December 2026. The lease is contracted outside of the security and compensation provisions of the Landlord & Tenant Act 1954. The passing rent is £13,000 per annum exclusive, payable quarterly in advance on the traditional quarter dates – no reviews. We understand that VAT is not payable on the rent. A new lease may be available, subject to covenant and negotiations.