Summary - 92 Abington Street,NORTHAMPTON,NN1 2AP NN1 2AP
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime retail unit in a high footfall pedestrian area
- Large size: 2,400 sq ft across multiple levels
- Freehold tenure with established first-floor tenant
- Spacious courtyard for off-street parking
- Excellent mobile signal, average broadband speeds
**Potential Concerns:**
- Short lease term (6 years) may impact mortgage options
- High crime rate in the area
- Mixed local school ratings (some inadequate)
This expansive retail property on Abington Street presents a remarkable opportunity for investors eager to capitalize on Northampton's vibrant town centre. Spanning 2,400 sq ft, the space includes a ground-floor retail unit and offices spread across two upper floors, making it ideal for diverse business ventures or flexible renovation opportunities. The property features high ceilings typical of its Georgian architecture, exuding character and charm.
While the freehold nature of the property and established tenant—providing an annual rent of £18,000 until 2029—offers immediate cash flow, potential buyers should be mindful of the short remaining lease, which could pose challenges for financing. The courtyard at the rear offers valuable off-street parking, a rarity in this bustling area, while the surrounding amenities enhance the attractiveness for various clientele.
Located in a cosmopolitan neighborhood, the property benefits from excellent mobile connectivity, although broadband speeds remain average. Given the high crime rate and the mixed ratings of nearby schools, the property might be best suited for seasoned investors looking to renovate and improve its appeal. With its unique layout and strategic location, this property is an exciting prospect that will not stay on the market for long—perfect your vision and seize this opportunity today!
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