Summary - 74, Station Road, Desborough, KETTERING NN14 2RS
1 bed 1 bath Retail Property (high street)
Income-producing mixed-use building with café lease and three lets in central town location.
Prominent town-centre corner freehold building
A prominent corner freehold in Desborough town centre, this mixed-use building produces a gross income of £26,700 pa from a ground-floor café/bistro and three one-bedroom flats. The café benefits from a new lease at £12,000 pa (five years from 30 November 2024), while the three upper apartments currently generate about £14,700 pa but are let on short periodic tenancies and are below local market levels.
The property is a Victorian brick commercial building with period character and a medium internal footprint typical of town-centre sites. It occupies a tight, hard‑landscaped plot with good pedestrian frontage and kerbside access, making it highly visible for passing trade. The café layout includes two dining areas, bar seating for 35+ covers, kitchen, two toilets and a south-aspect courtyard with brick storage sheds (planning reference KET/2012/0394 for café/bistro).
This asset suits an investor seeking stable town-centre income with near-term upside from rent reversion and lease renewals. Note the site is constrained by neighbouring buildings, limiting significant redevelopment potential. Several parts will require typical maintenance and cosmetic updating consistent with a period commercial property; purchasers should budget for refurbishment and review the upper-floor tenancy arrangements if targeting rent increases.
Important: the trading business is not for sale — only the building premises and tenancies. Local factors to consider include an ageing urban demographic and a deprived area classification, which may affect long-term demand and marketing strategy for re-letting or repositioning the asset.
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