10-12 Rutland Street
Leicester
Leicestershire
LE1 1RD
High Street, Kettering
£525,000
Investment
- Investment for Sale
SITUATION
The property is situated on the west side of High Street, within a pedestrianised area in an established retail position, lying in the heart of Kettering Town Centre. There is a large public car park to the rear accessed from Commercial Road with pedestrian access to the side via Walkers Lane.
Newlands Shopping Centre lies nearby, which includes a number of national multiples including H&M, Boots, Poundland and there is also a large Morrisons Supermarket lying within walking distance. Other occupiers in the immediate vicinity includes Waterstones Book Shop, McDonald’s, The Works and Costa Coffee.
LOCATION
Kettering is a market and industrial town in North Northamptonshire. It is located 83 miles north of London and 15 miles north-east of Northampton, west of the River Ise, a tributary of the River Nene.
The A14 skirts the west and south of the town, links the town with the A45 dual carriageway, M1 and M6 motorways. The A6003 links Kettering to Corby. The A43 links Kettering with Corby and the county town of Northampton and the A509 (Kettering to Wellingborough Road) links Kettering with Wellingborough. In the 2021 Census, Kettering’s built-up area had a population of 63,150.
DESCRIPTION
The property comprises a part three-storey, part two-storey and part single-storey detached building currently occupied by B&M Retail. There is a large basement storage area. and, to the rear, a dedicated car park.
The property, formerly occupied as a Woolworths Store, is of solid brick construction with pitched, slated and flat, boarded and felted roofs, a concrete ground floor and timber upper floors.
SITE AREA
0.132 hectares (0.325 acres).
ACCOMMODATION
The property has the following floor areas, which have been measured on a gross internal basis in respect of the ground floor and a net internal basis in respect of the basement, first and second floors.
Ground Floor985 sq. m. (10,600 sq. ft.)
First Floor303.9 sq. m. (3,271 sq. ft.)
Second Floor304.8 sq. m. (3,281 sq. ft.)
Basement248.3 sq. m. (2,673 sq. ft.)
TENURE
Freehold
TENANCY
The property is let to B&M Retail Limited for 5 years from 19th June 2025 at a current concessionary rent of £22,000 per annum increasing to £44,000 on 19th June, 2026. The lease is on full repairing and insuring terms subject to a schedule of condition. There is a Tenant-only break clause at 19th December, 2028.
PRICE
£525,000
PLANNING
Retail within Use Class E.
There is clearly an opportunity for redevelopment in the future subject to planning.
RATEABLE VALUE
The property is described in the 2026 Rating List as Shop and Premises with a Rateable Value of £74,000.
ENERGY PERFORMANCE CERTIFICATE
The property has an Energy Performance Rating of Band D (86), and the current certificate is valid until 12th October 2032.
MONEY LAUNDERING
To comply with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 we have a legal obligation to carry out Anti-Money Laundering checks on all purchasers prior to instructing solicitors to proceed with the sale. There is a £30, inclusive of vat, charge per person for processing these checks through a third-party firm. These are not credit checks and will not leave a footprint on your credit file.
COSTS
Each party will be responsible for their own legal costs incurred on the transaction.
VIEWINGS
Strictly by appointment with the selling agents.
FURTHER INFORMATION
For further information please contact Kevin Skipworth on 0116 242 9933 or via email kevin.skipworth@andrewgranger.co.uk
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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