Summary - Gold Street, Northampton, NN1 NN1 1RA
1 bed 1 bath Commercial Property
Large central property with immediate income and short lease horizon.
Historic three-storey Georgian commercial building, striking period shopfront
A substantial three-storey Georgian commercial building in Northampton town centre, offered with an existing lease producing £18,000 per annum. The property extends to 1,614 sq ft across a generous ground floor retail/gallery space and first-floor accommodation, with vehicular/loading access to the rear and a historic shopfront that suits a range of occupiers.
This is a clear income asset for a buyer who understands short-term lease risk: the current tenancy expires March 2028 and only three years remain on the lease. Many mortgage lenders may refuse finance on properties with so few years left, so purchase is most suitable for cash buyers or experienced investors able to refinance or renegotiate tenancy terms.
Location strengths include a central NN1 position with excellent mobile signal, immediate retail and leisure amenities, and a rateable value of £15,250. The building sits in an inner-city, high-crime and very deprived area, so footfall and tenant mix should be assessed against that context.
Practical considerations: no flood risk, average broadband, small plot and some maintenance or refurbishment likely given the age and mixed-use nature. The property offers potential to increase value through active asset management, lease negotiation, or conversion subject to consent, but buyers should factor in tenant security provisions under the Landlord & Tenant Act 1954.
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