Market Street, Kettering

25 Market Street, Kettering, NN16 Freehold Commercial Property with Planning Permission for Two Apartments - Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £180,000.00

An excellent opportunity to acquire a prominent three-storey freehold commercial property with planning permission granted for the conversion of the upper floors into two residential apartments.

Situated in the heart of Kettering town centre, the property is of traditional brick construction and features an attractive modern glazed shop frontage together with characterful arched windows to the first and second floors.

The property extends to approximately 111.5 sq m (1,199 sq ft) over three floors.

The ground floor comprises an open-plan retail/sales area, storeroom and WC, providing flexible commercial accommodation.

The first and second floors are currently used for storage; however, planning permission has been granted for their conversion to create two residential apartments, providing an attractive opportunity for an investor or developer to create a mixed-use commercial and residential asset.

Planning Reference: NK/2024/0292

Located on Market Street in Kettering town centre, the property is surrounded by a mixture of established independent businesses and national operators, with shops, amenities and transport connections within easy reach.

The property is offered freehold with vacant possession, presenting an opportunity for investors, developers and owner-occupiers to acquire a centrally located mixed-use development opportunity.

Key Features

- Three-storey freehold commercial property
- Planning permission granted for two residential apartments
- Planning Reference: NK/2024/0292
- Ground-floor commercial/retail accommodation
- Approx. 111.5 sq m (1,199 sq ft) total accommodation
- Prominent glazed shop frontage
- Kettering town centre location
- Vacant possession
- Mixed-use investment/development opportunity


Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Business Rates
North Northamptonshire Council

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.