Future Residential Development Potential (subject to consents)
Approximately 932.97 sq m (10,042 sq ft)
Approximate site area of 0.10 hectares (0.25 acres)
Town Centre Location
On-site parking provisions for some 16 cars
Lot 13
Auction 11th December 2014
Rent £90,000 per Annum Exclusive
Status Sold
Price £630,000
Sector Office
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of a Major Fund
Property Information
Location
Miles
21 miles north-west of Milton Keynes
35 miles south-east of Leicester
55 miles south-east of Birmingham
Roads
A14, A45, M1 (3 miles to Junction 15), M6
Rail
Northampton Railway Station (direct to London Euston c. 60 mins)
Air
London Luton Airport, Midlands Airport
Situation
The property is located on the west side of Sheep Street in close proximity to the town centre’s retailing and leisure facilities and within walking distance of both the train station and bus station.
Tenure
Freehold.
Location
Miles
21 miles north-west of Milton Keynes
35 miles south-east of Leicester
55 miles south-east of Birmingham
Roads
A14, A45, M1 (3 miles to Junction 15), M6
Rail
Northampton Railway Station (direct to London Euston c. 60 mins)
Air
London Luton Airport, Midlands Airport
Situation
The property is located on the west side of Sheep Street in close proximity to the town centre’s retailing and leisure facilities and within walking distance of both the train station and bus station.
Tenure
Freehold.
Description
The offices were constructed behind the original Grade II Listed façade in the 1980s and are arranged over lower ground, ground and three upper floors. The property benefits from perimeter trunking, suspended ceilings, air conditioning (tenant’s improvement) and an 8-person passenger lift. There is a small self-contained building to the rear of the site which is used for storage purposes. There is parking to the rear accessed via a shared entrance on Sheep Street.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The offices were constructed behind the original Grade II Listed façade in the 1980s and are arranged over lower ground, ground and three upper floors. The property benefits from perimeter trunking, suspended ceilings, air conditioning (tenant’s improvement) and an 8-person passenger lift. There is a small self-contained building to the rear of the site which is used for storage purposes. There is parking to the rear accessed via a shared entrance on Sheep Street.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Lower Ground Ground First Second Third Ground First
10 years from 29/09/2005 on a full repairing and insuring lease (2)
£90,000
28/09/2015
Totals
932.96 sq m
(10,042 sq ft)
£90,000
(1) For the year ending 30th June 2013, Prime Time Recruitment Limited reported a turnover of £202,698,592, pre-tax profits of £1,717,070 and a total net worth of £21,435,872. (Source: www.riskdisk.com 6th November 2014) Prime Time Recruitment was launched in February 1992 with six branches – Northampton, St. Albans, Reading, Croydon, Birmingham and Manchester. This was reported as the largest launch of an independent employment agency, and they have since established a national network of branches (100 branches – 60 locations). Prime Time was aquired by the Cordant Group PLC in 2007. Cordant Group is one of the largest privately owned employment agencies in the UK. (Source: www.primetime.co.uk) (2)The lease is subject to a schedule of condition.
