Office for sale in Unit C, Waterside Way, The Lakes, Northampton NN4

POA
Office for sale 9,412 sq. ft*
Interested in this property? Call +44 20 8022 5481 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Investment Summary
- Northampton is an established office market in the heart of England, with excellent transport connectivity being located adjacent to the M1 motorway, the uk’s arterial motorway.

- Northampton is home to a number of high profile occupiers including Barclaycard, Nationwide Building Society, Avon, Opus Energy, Grant Thornton, Haines Watts and Shoosmiths llp.

- Unit C Waterside Way is well located prime office prominently positioned in Northampton’s premier business park.

- A new two storey Grade A office building (to be constructed), extending to 9,412 sq ft.

- Fully let to The Car Shop, and guaranteed by Sytner Group one of the largest UK motor groups.

- 10 year term certain, without break.

- Exceptional parking ratio of 1:135 sq ft.

- The current passing rent of £198,740 per annum, equating to £21.11 per sq ft overall.

- Freehold

We are instructed to seek £2,950,000 (Two Million, Nine Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at this level would reflect a net initial yield of 6.35%, assuming the usual purchaser’s costs of 6.35%.

Location
The town benefits from excellent road communications, being situated adjacent to the M1 motorway, which serves Northampton from Junctions 15 (4 miles), 15A (6 miles) and 16 (8 miles), via the A45 and other local ring roads.

Easy access is also available to the M6 (Junction 1 – 27 miles), M40 (Junction 10 – 30 miles), A14 (Junction 8 – 15 miles) and A1 (35 miles).

Northampton railway station, which has recently undergone a £20 million redevelopment and will include the addition of a 1,550 multi-storey car park, provides regular, direct rail connections to London Euston and Birmingham New Street.

Accommodation
Ground Floor - 4,643 sq ft
First Floor - 4,769 sq ft
Total - 9,412 sq ft

Specification
Unit C Waterside Way, The Lakes comprises a prime new Grade A two storey office building totalling 9,412 sq ft.

The building benefits from the following specification:
• vrf air conditioning
• Suspended ceilings
• cibse LG7 eca compliant low energy LED lighting
• New carpet throughout
• Full access raised floors
• Design for occupational density of 1:10m2
• 1 x 8 person passenger lifts
• Male & female WCs, a disabled WC and shower facilities

The property benefits from an excellent parking
provision which has been increased by agreement with the tenant.

There are a total of 70 car parking spaces at an exceptional ratio of 1:135 sq ft.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Bray Fox Smith, W1S on +44 20 8022 5481 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bray Fox Smith, and do not constitute property particulars. Please contact Bray Fox Smith for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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