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
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.
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
