Located close to the town centre and the A45 linking directly to the M6 and M1
Nearby occupiers include HSBC, Northamptonshire Council, Holiday Inn and
Premier Inn
Six Week Completion Period Available
Lot 37
Auction 14th February 2013
Rent £304,000 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
2 miles south-east of Northampton town centre 12 miles north of Milton Keynes 42 miles south-east of Birmingham 50 miles north of London
Roads
A428, A45, M1 (Junction 15)
Rail
Northampton Railway Station
Air
London Luton Airport
Situation
The property is situated on the established and popular Rushmills Business Park approximately 2 miles south east of Northampton town centre. The property is located on the east side of Bedford Road immediately south of the A428. Neighbouring occupiers include HSBC, Premier Inn, Holiday Inn, Northamptonshire Council and Ricoh.
Tenure
Long Leasehold. Long leasehold. Held for a term of 125 years from 29th November 2012 at a current rent reserved of £90,000 per annum exclusive. The headlease provides for the rent to be reviewed every 10th year by 1.5% per annum compounded.
Location
Miles
2 miles south-east of Northampton town centre 12 miles north of Milton Keynes 42 miles south-east of Birmingham 50 miles north of London
Roads
A428, A45, M1 (Junction 15)
Rail
Northampton Railway Station
Air
London Luton Airport
Situation
The property is situated on the established and popular Rushmills Business Park approximately 2 miles south east of Northampton town centre. The property is located on the east side of Bedford Road immediately south of the A428. Neighbouring occupiers include HSBC, Premier Inn, Holiday Inn, Northamptonshire Council and Ricoh.
Tenure
Long Leasehold. Long leasehold. Held for a term of 125 years from 29th November 2012 at a current rent reserved of £90,000 per annum exclusive. The headlease provides for the rent to be reviewed every 10th year by 1.5% per annum compounded.
Description
The property comprises a substantial and modern office building benefiting from a 10-person passenger lift and approximately 85 car parking spaces. The office accommodation is configured as 6 wings around a central atrium and is highly specified with suspended ceilings, raised floor, air conditioning and central heating.
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 substantial and modern office building benefiting from a 10-person passenger lift and approximately 85 car parking spaces. The office accommodation is configured as 6 wings around a central atrium and is highly specified with suspended ceilings, raised floor, air conditioning and central heating.
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
Office
Office Office
601.00 sq m
587.20 sq m 587.20 sq m
(6,469 sq ft)
(6,321 sq ft) (6,321 sq ft)
SECRETARY OF STATE FOR THE ENVIRONMENT (1)
25 years from 8th May 1991 until 2016 on a full repairing and insuring lease
£304,000
07/05/2016
Totals
1,775.40 sq m
(19,111 sq ft)
£304,000
(1) The tenant has sublet the property to I-Sm@rt Group Limited for the remainder of the unexpired term. For the year ending 31st March 2012, I-Sm@rt Group Limited reported a turnover of £16,012,043, pre-tax profits of £4,279,262 and a total net worth of £2,529,391. (Source: www.Riskdisk.com 17/01/2013)
