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Gold Street, Northampton NN1 Mixed use for sale
Gold Street, Northampton NN1
£600,000
Gold Street, Northampton NN1
£600,000
Our Summary
- FOR SALE BY AUCTION ON WEDNESDAY 24TH SEPTEMBER 2025 COMMENCING AT 11AM - SALE VIA A LIVE STREAMED AUCTION GUIDE PRICE £600,000 to £650,000A substantial mixed-use property comprising a ground-floor commercial unit and three self-contained apartments above, each with private access
- This property represents an excellent investment opportunity with a current yield of around 10% and further scope for rental growth
- Second Floor - Apartment Two - Let on a rolling periodic Assured Shorthold Tenancy generating £750 per calendar month with the potential return reaching £1,100 per calendar month
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide
Description
This substantial mixed-use property in the town center is being sold by auction, with a guide price of £600,000 to £650,000. The property consists of a ground-floor commercial unit, which has been newly let for £36,000 per annum, and three self-contained apartments above. The apartments, each with private access, are let on Assured Shorthold Tenancies, generating a gross income of £63,000 per annum. The property has a potential rental income of over £72,000 per annum, with a current yield of around 10%. The property is located in a prominent town center location, close to major attractions and with good local transport links. The property also has a communal garden and rear access via a staircase. The auction is being held on Wednesday, September 24th, 2025, at 11am, and will be live-streamed.