£1,550,000
Office for sale
Property photos
Freehold
Offers over
£1,550,000
(£146.96/sq. ft)
Office for sale
5 Grange Park Court, Roman Way, Northampton NN410,547 sq. ft
Local area information
Property location
Nearby amenities
- Woodland View Primary School 0.3 miles
- Caroline Chisholm School 0.5 miles
- Northampton 3.1 miles
- Wolverton 9.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Estimated Rates Payable: £68265
Description
Single let detached, self-contained, two-storey modern office investment, constructed in 2007.
Situated on a 500-acre mixed-use development in Northampton with excellent access to the M1 (0.7 miles away).
Let in its entirety to Forterra Building Products Limited - a major UK manufacturer of concrete and clay building products with 15 locations and a D&B rating of 5A1.
Lease expires on 6 March 2028 following a reversionary lease starting on 7 March 2023 with a WAULT of 2.2 years.
Current rent of £158,205 per annum, equating to £15 per sq ft with an erv of £18.50 psf. There is an outstanding upward only rent review from March 2025, offering potential for a rental uplift.
Main specifications include:
- Suspended ceilings with LED lighting.
- Full access raised floors with power and data.
- vrf air conditioning.
- Large kitchen breakout area.
- Male, female and disabled WCs.
- Passenger lift.
- 45 Car parking spaces including 12 EV chargers (1:234 sq ft).
- Water mains, drainage, electricity and gas are connected to the property.
Location
5 Grange Park Court is prominently positioned on Roman Way, within the commercial heart of Grange Park - a well-established 500-acre mixed-use development in Northampton.
Single let detached, self-contained, two-storey modern office investment, constructed in 2007.
Situated on a 500-acre mixed-use development in Northampton with excellent access to the M1 (0.7 miles away).
Let in its entirety to Forterra Building Products Limited - a major UK manufacturer of concrete and clay building products with 15 locations and a D&B rating of 5A1.
Lease expires on 6 March 2028 following a reversionary lease starting on 7 March 2023 with a WAULT of 2.2 years.
Current rent of £158,205 per annum, equating to £15 per sq ft with an erv of £18.50 psf. There is an outstanding upward only rent review from March 2025, offering potential for a rental uplift.
Main specifications include:
- Suspended ceilings with LED lighting.
- Full access raised floors with power and data.
- vrf air conditioning.
- Large kitchen breakout area.
- Male, female and disabled WCs.
- Passenger lift.
- 45 Car parking spaces including 12 EV chargers (1:234 sq ft).
- Water mains, drainage, electricity and gas are connected to the property.
Location
5 Grange Park Court is prominently positioned on Roman Way, within the commercial heart of Grange Park - a well-established 500-acre mixed-use development in Northampton.
More information
Listed by
Kirkby Diamond
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