Job Centre Plus Derbyshire House, Lower Street Kettering NN16 8BG

Job Centre Plus
Derbyshire House, Lower Street
Kettering
NN16 8BG

Government Secured Office Investment

Let to Secretary of State for Housing, Communities and Local Government
Renewed 10 year lease from April 2018 (subject to option)
Town centre location
Adjacent to Morrisons superstore and garden centre

Lot
22
Auction
11th December 2019
Rent
£57,500 per Annum Exclusive
Status
Sold
Price
£640,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On behalf of Morrisons

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Government Secured Office Investment

Let to Secretary of State for Housing, Communities and Local Government
Renewed 10 year lease from April 2018 (subject to option)
Town centre location
Adjacent to Morrisons superstore and garden centre

Lot 22
Auction 11th December 2019
Rent £57,500 per Annum Exclusive
Status Sold
Price £640,000
Sector
Office
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On behalf of Morrisons

Property Information

Location

Miles: 15 miles north-east of Northampton; 27 miles south-east of Leicester; 55 miles south-east of Birmingham
Roads: A6003, A509, A14(M) (Junction 7)
Rail: Kettering Rail
Air: East Midlands Airport

Situation

Kettering is the second largest commercial centre in Northamptonshire, approximately 15 miles north-east of Northampton, midway between the M1 Motorway and the A1(M). The property is situated on Lower Street in the heart of the town centre, adjacent to a large Morrisons superstore and Morrisons garden centre.

Tenure

Long Leasehold. Held for a term of 125 years from completion at a peppercorn rent.

Location

Miles: 15 miles north-east of Northampton; 27 miles south-east of Leicester; 55 miles south-east of Birmingham
Roads: A6003, A509, A14(M) (Junction 7)
Rail: Kettering Rail
Air: East Midlands Airport

Situation

Tenure

Long Leasehold. Held for a term of 125 years from completion at a peppercorn rent.

Description

The property comprises an office building arranged on ground and first floors. The property benefits from a small car park to the rear with parking for approximately 6 cars.

VAT

VAT is applicable to this lot.

EPC

Band C. See legal pack at acuitus.co.uk.

Description

The property comprises an office building arranged on ground and first floors. The property benefits from a small car park to the rear with parking for approximately 6 cars.

VAT

VAT is applicable to this lot.

EPC

Band C. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First	Office Office	486.70 sq m 287.89 sq m	(5,238 sq ft) (3,098 sq ft)	THE SECRETARY OF STATE FOR HOUSING, COMMUNITIES AND LOCAL GOVERNMENT t/a Job Centre Plus	10 years from 02/04/2018 until 01/04/2028 (2) on a full repairing and insuring lease	£57,500	02/04/2023
Total		774.59 sq m	(8,336 sq ft)			£57,500

(1) The lease provides a tenant option to determine on 02/04/2023.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.