Summary - High Street, Rushden, Northamptonshire, NN10 NN10 0PW
1 bed 1 bath Retail Property (high street)
Large freehold retail and office with immediate income and car park access.
Freehold mixed‑use building with ground retail and first‑floor gym
Large income-producing asset: c.9,800 sq ft across two floors
Ground lease: 10 years to July 2032; rent steps from £20k to £40k in May 2026
Ground lease includes tenant break option in July 2028 (investment risk)
First-floor lease to July 2027; rent review and tenant break July 2025
Onsite rear car park and off‑street parking for customers and tenants
Prominent High Street location with strong tenant covenant (value retailer)
Local area shows high crime and relative deprivation—affects prospects
This freehold High Street investment in Rushden offers a large, income-producing retail and office building with strong tenant covenant and onsite parking. The ground floor is let to a recognized value retailer on a 10‑year lease (current rent £20,000 pa, stepping to £40,000 pa from May 2026) and the first floor is occupied as a gym on a shorter lease, providing immediate cashflow and asset diversification within one title.
The property extends to approximately 9,800 sq ft across ground and first floors, with a mid‑20th‑century façade and a rear car park that supports retail footfall. Its prominent High Street position delivers visibility and customer access amid a broad mix of local shops and services, making it suitable for long‑term hold or portfolio investors seeking a town centre retail exposure.
Buyers should note material tenancy features: the ground lease contains a break option in July 2028 and a stepped rent increase in 2026; the first‑floor lease has a rent review and tenant break in July 2025 and expires July 2027. The wider location indicators show higher crime levels and relative area deprivation, which can affect future rental growth and footfall compared with more affluent centres.
Overall this is a pragmatic, income-focused opportunity: good immediate yield and scale, with hands-on lease management required around forthcoming breaks and reviews. The freehold title and off‑street parking add operational flexibility, but purchasers should factor local market risks and upcoming lease events into valuation and exit planning.
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