Summary - 42 LONDON ROAD KETTERING NN15 7QA
1 bed 1 bath Retail Property (high street)
Projected income £25,000 per annum across three lettings
A substantial high-street investment located at 42 London Road, Kettering, offered as three separate commercial units across ground and first floors. The Victorian corner building retains period character and high ceilings, giving accommodation that appeals to a range of occupiers. The combined total area is large (circa 2,820 sq ft) and the units are producing a projected income of £25,000 pa, with all leases on full repairing and insuring terms.
The lot includes: a ground-floor retail unit (lease to 2026, RV £5,700, EPC E-113), a ground-floor office (lease to 2029, RV £5,200, EPC E-110), and a first-floor retail unit (lease to 2029, RV £7,600, EPC awaited). All units share kitchen and cloakroom facilities. Services (mains water, electricity, gas and drainage) are understood to be connected and heating is gas boiler/radiators.
Strengths include central location on the outskirts of the town centre with good access to the A43, robust construction (solid brick Victorian build) and double glazing already installed. Material considerations: EPC ratings are poor (E and awaiting), the building likely lacks wall insulation, and one lease expires shortly in 2026 which introduces near-term void/renewal risk. Local crime is recorded as high and tenure is stated as unknown, so purchaser due diligence on title, tenant covenants and site security is essential.
This is a straightforward, income-producing commercial block for an investor comfortable with short-term lease management and modest capital expenditure to improve energy performance and presentation. The price reflects the current income profile and scope for value uplift through lease renewals, re-gearing or targeted refurbishment.
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