Offers over
£1,550,000
(£146.96/sq. ft)
Office for sale5 Grange Park Court, Roman Way, Northampton NN4
10,547 sq. ft
Freehold
About this property
Estimated Rates Payable: £68265
Description
Single let detached, self-contained, two-storey modern office investment, constructed in 2007.
Situated on a 500-acre mixed-use development in Northampton with excellent access to the M1 (0.7 miles away).
Let in its entirety to Forterra Building Products Limited - a major UK manufacturer of concrete and clay building products with 15 locations and a D&B rating of 5A1.
Lease expires on 6 March 2028 following a reversionary lease starting on 7 March 2023 with a WAULT of 2.2 years.
Current rent of £158,205 per annum, equating to £15 per sq ft with an erv of £18.50 psf. There is an outstanding upward only rent review from March 2025, offering potential for a rental uplift.
Main specifications include:
- Suspended ceilings with LED lighting.
- Full access raised floors with power and data.
- vrf air conditioning.
- Large kitchen breakout area.
- Male, female and disabled WCs.
- Passenger lift.
- 45 Car parking spaces including 12 EV chargers (1:234 sq ft).
- Water mains, drainage, electricity and gas are connected to the property.
Location
5 Grange Park Court is prominently positioned on Roman Way, within the commercial heart of Grange Park - a well-established 500-acre mixed-use development in Northampton.
Single let detached, self-contained, two-storey modern office investment, constructed in 2007.
Situated on a 500-acre mixed-use development in Northampton with excellent access to the M1 (0.7 miles away).
Let in its entirety to Forterra Building Products Limited - a major UK manufacturer of concrete and clay building products with 15 locations and a D&B rating of 5A1.
Lease expires on 6 March 2028 following a reversionary lease starting on 7 March 2023 with a WAULT of 2.2 years.
Current rent of £158,205 per annum, equating to £15 per sq ft with an erv of £18.50 psf. There is an outstanding upward only rent review from March 2025, offering potential for a rental uplift.
Main specifications include:
- Suspended ceilings with LED lighting.
- Full access raised floors with power and data.
- vrf air conditioning.
- Large kitchen breakout area.
- Male, female and disabled WCs.
- Passenger lift.
- 45 Car parking spaces including 12 EV chargers (1:234 sq ft).
- Water mains, drainage, electricity and gas are connected to the property.
Location
5 Grange Park Court is prominently positioned on Roman Way, within the commercial heart of Grange Park - a well-established 500-acre mixed-use development in Northampton.
Mortgage calculator
Monthly repayment
£7,753 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}