Get in touch
Want to find out more about this property?
5 Roman Way, Grange Park, Northampton, Northamptonshire, NN4
Office Investment For Sale.
Description
- Modern detached two storey office unit constructed in 2008.
- Ground floor and first floor office accommodation with reception.
- Lift to first floor.
- 36 allocated car parking spaces.
- Let to Forterra on a 5-year reversionary lease from March 2023.
Location
- Located on the east side of Roman Way within the Grange Park area of Northampton.
- 3 miles to the south of Northampton town centre.
- Close to Junction 15 of the M1 with easy access to A45 and A43 trunk roads.
- The area comprises a mix of housing, employment uses (warehousing and offices) with a retirement village, public house and local shopping centre close by.
- Northampton's strategic location has led to the development of an M1 logistics and distribution corridor with ongoing development, including the construction of Northampton gateway, a rail freight interchange adjacent to junction 15 of the M1 with consent for up to 5 million square feet of distribution warehousing.
More Information
Terms
Guide price £1,900,000 reflecting a net initial yield of 7.86% with purchasers' costs at 6%.
The lease signatory is Forterra Building Products Ltd Company Number 08960430 From our investigations Forterra Building Products Ltd is considered low risk with a turnover as at December 2023 of £346,400,000 with pre-tax profits of £16,900,000. The Credit Safe report defines Forterra as Low Risk.
EPC
TBC
Business Rates
The Rateable Value is £137,000
Enquiries should be made with Northampton Council to assess the rates payable.