Government occupied office building, let to The Secretary of State for Communities and Local Government
2,949.03 sq m (31,743 sq ft)
Close to the town centre, rail station and bus station
On-site car parking for approximately 40 cars
Potential for conversion to residential use subject to consents
Six Week Completion Available
Lot 21
Auction 18th October 2012
Rent £265,000 per Annum Exclusive
Status Sold Post
Price
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Estimated District Population
200,000
Miles
Northampton town centre, 50 miles south-east of Birmingham, 66 miles north of Central London
Roads
A45, M1 (3 miles to Junction 15)
Rail
Northampton Rail Station – direct to London Kings Cross (approximately 60 minutes)
Air
London Luton Airport
Situation
The property is located on Sheep Street, which is a short distance north of the
town centre and the main central shopping and leisure area. Northampton Rail Station is within walking distance and the town’s main bus station is approximately 200 metres from the property.
Tenure
Freehold.
Location
Estimated District Population
200,000
Miles
Northampton town centre, 50 miles south-east of Birmingham, 66 miles north of Central London
Roads
A45, M1 (3 miles to Junction 15)
Rail
Northampton Rail Station – direct to London Kings Cross (approximately 60 minutes)
Air
London Luton Airport
Situation
The property is located on Sheep Street, which is a short distance north of the
town centre and the main central shopping and leisure area. Northampton Rail Station is within walking distance and the town’s main bus station is approximately 200 metres from the property.
Tenure
Freehold.
Description
The property comprises a part four storey, part five storey office building over ground and four upper floors with car parking at lower ground floor level. The accommodation benefits from perimeter trunking, central heating and two 8-person passenger lifts.
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 a part four storey, part five storey office building over ground and four upper floors with car parking at lower ground floor level. The accommodation benefits from perimeter trunking, central heating and two 8-person passenger lifts.
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
Ground First Second Third Fourth All Lower Ground
Office Office Office Office Office/Staff/Storage Kitchenettes Car parking
645.66 sq m 653.50 sq m 740.03 sq m 734.53 sq m 160.46 sq m 14.85 sq m 40
THE SECRETARYOF STATE FORCOMMUNITIESAND LOCALGOVERNMENT (1)
5 years from 18/06/2009 on a full repairing and insuring lease (3) (4)
£265,000
17/06/2014
Totals
2,949.03 sq m
(31,743 sq ft)
£265,000
(1) The building has been occupied by the Government since 1974 (some 38 years). (2) The building is currently occupied by the Valuation Office Agency (VOA) and The Inland Revenue (HMRC). (3) The lease provided for a tenant option to determine the lease in February 2012. This option was not exercised. (4) The tenants repairing obligations are subject to a Schedule of Condition dated November 1994.
