Nationwide Building Society 83 Abington Street Northampton Northamptonshire NN1 2BH

Nationwide Building Society
83 Abington Street
Northampton
Northamptonshire
NN1 2BH

Virtual Freehold Retail Investment

  • Let to Nationwide Building Society until October 2026 (no breaks)
  • Situated on prime pedestrianised retail thoroughfare
  • Adjacent to the substantial BBC Radio Northampton Building
  • Neighbouring occupiers include RBS, JD Wetherspoon, Boots Opticians and Primark
  • Lot
    35
  • Auction
    9th July 2014
  • Rent
    £69,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,010,000
  • Sector
    Bank
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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  • Photos
  • Map

* More information on the term "guide" can be found here

Virtual Freehold Retail Investment

  • Let to Nationwide Building Society until October 2026 (no breaks)
  • Situated on prime pedestrianised retail thoroughfare
  • Adjacent to the substantial BBC Radio Northampton Building
  • Neighbouring occupiers include RBS, JD Wetherspoon, Boots Opticians and Primark
  • Lot 35
  • Auction 9th July 2014
  • Rent
  • Status Sold
  • Price £1,010,000
  • Sector
    Bank
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
17 miles north of Milton Keynes, 31 miles south of Leicester, 50 miles south east of Birmingham
Roads
A428, A508, A14, M1
Rail
Northampton Rail Station
Air
Birmingham International Airport, London Luton Airport
Situation

The property is situated in the heart of the town centre on the north side of the pedestrianised Abington Street, Northampton’s prime retail thoroughfare. The property is adjacent to the substantial BBC Radio Northampton Building and other neighbouring occupiers include RBS, JD Wetherspoon, Boots Opticians and Primark.

Tenure

Virtual Freehold. Held for a term of 999 years from completion of the sale at a peppercorn rent

Location
Miles
17 miles north of Milton Keynes, 31 miles south of Leicester, 50 miles south east of Birmingham
Roads
A428, A508, A14, M1
Rail
Northampton Rail Station
Air
Birmingham International Airport, London Luton Airport
Situation

The property is situated in the heart of the town centre on the north side of the pedestrianised Abington Street, Northampton’s prime retail thoroughfare. The property is adjacent to the substantial BBC Radio Northampton Building and other neighbouring occupiers include RBS, JD Wetherspoon, Boots Opticians and Primark.

Tenure

Virtual Freehold. Held for a term of 999 years from completion of the sale at a peppercorn rent

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the basement and first floor. The property forms part of a larger building and benefits from a car parking space.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the basement and first floor. The property forms part of a larger building and benefits from a car parking space.

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 Reviews
Basement
Ground
First
Ancillary
Banking Hall
Ancillary
65.03 sq m
226.12 sq m
63.17 sq m
(700 sq ft)
(2,434 sq ft)
(680 sq ft)
NATIONWIDE BUILDING SOCIETY (1) 15 years from 21/10/2011 until 2026 on a full repairing and insuring lease £69,000 21/10/2016
21/10/2021
Totals
354.32 sq m
(3,814 sq ft)
    £69,000

(1) For the year ending 4th April 2013, Nationwide Building Society reported pre-tax profits of £210,000,000 and a total net worth of £131,260,000,000. (Source: www.riskdisk.com 03/06/2014)

Property Documents

  • Catalogue Page
    Updated Date
    17.06.14
    File Size
    711 KB
    View PDF
  • Site Plan
    Updated Date
    17.06.14
    File Size
    86 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Associate AuctioneersSimon Chown 01604 609 820spc@chowncommercial.co.uk
Seller's Solicitors
Field Fisher Waterhouse LLP 35 Vine Street
London
EC3N 2AA
John Nelmes 0207 861 4000john.nelmes@ffw.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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