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5 Roman Way, Grange Park, Northampton, Northamptonshire, NN4
Office Investment For Sale
Description
Office Investment For Sale
- Modern detached two storey office unit constructed in 2008
- Ground floor and first floor office accommodation with reception.
- Suspended ceilings
- Lift to first floor
- Ground floor and first floor office accommodation with reception.
- Situated on a well-regarded office park
- 36 allocated car parking spaces
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
Accommodation
Lease
Term: 5 years
Start Date: 7th February 2022 for a term from 7th March 2023 to 6th March 2028
Rent review: 7th March 2025
Rent: £158,205
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.
Business Rates
The Rateable Value is £137,000
Enquiries should be made with Northampton Council to assess the rates payable.