7 & 8 Notre Dame Mews Northampton Northamptonshire NN1 2BG

7 & 8 Notre Dame Mews
Northampton
Northamptonshire
NN1 2BG

  • 7 & 8 Notre Dame Mews<br>Northampton<br>Northamptonshire<br>NN1 2BG

Freehold Secondary School Investment

  • Town Centre Office Building with Car Parking
  • Let to Progress Schools Limited on a New Lease Expiring 2032
  • No Breaks
  • Established Office Park
  • Approximately 627.10 sq m (6,748 sq ft)
  • Lot
    32
  • Auction
    12/Jul/2022
  • Rent
    £71,400 per Annum Exclusive
  • Status
    Available
  • Price*
    £950,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

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
London Luton Airport, Birmingham International Airport
Situation

Northampton is a major commercial centre in the East Midlands benefitting from excellent road with the M1, M6 and M45 and rail links with trains to London Euston in 50 minutes. The property is situated in an established office park in the centre of Northampton just north of Abington Street via Albert Place.

Tenure

Freehold.

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
London Luton Airport, Birmingham International Airport
Situation

Northampton is a major commercial centre in the East Midlands benefitting from excellent road with the M1, M6 and M45 and rail links with trains to London Euston in 50 minutes. The property is situated in an established office park in the centre of Northampton just north of Abington Street via Albert Place.

Tenure

Freehold.

Description

The property comprises an independent secondary school with accommodation on the ground and first floors. The property forms part of a larger terrace of modern office units each with designated car parking.

The property may be suitable for longer term alternative uses including offices for lease or owner occupation or residential conversion (subject to consents).

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

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

Description

The property comprises an independent secondary school with accommodation on the ground and first floors. The property forms part of a larger terrace of modern office units each with designated car parking.

The property may be suitable for longer term alternative uses including offices for lease or owner occupation or residential conversion (subject to consents).

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Review/(Reversion)
No. 7 Ground
No. 7 First
No. 8 Ground
No. 8 First
School
School
School
School
126.08
125.72
248.08
244.28
(1,357)
(1,353)
(2,670)
(2,629)
PROGRESS SCHOOLS
LIMITED (CRN 09873514)
(1)
10 years from 12/04/2022
until 2032
£71,400
12/04/2027
(11/04/2032)
Total Approximate
Floor Area
 
744.16
(8,009)
(2)
   
£71,400
 

(1) Progress Schools Limited was incorporated in 2015 and is a nationally based, alternative education provider with independent secondary schools located throughout England operating from 12 locations. They acquired another educational provided in 2016 who have been in occupation since 2016 (progress-education.org.uk).
(2) The floor areas stated above are Gross Internal Area (GIA).

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    30.06.22
    File Size
    51 MB
    Login to View
  • Brochure
    Updated Date
    23.06.22
    File Size
    1 MB
    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
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Associate AuctioneersSimon Chown 01604 604050 07958471660spc@chowncommercial.co.uk
Seller's Solicitors
Kingsley Napley LLP 20 Bonhill Street
London
EC2A 4DN
Tom Beak 02073693771tbeak@kingsleynapley.co.uk

Useful Links

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

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