Non quoting
Office for sale5 Grange Park Court, Roman Way, Northampton NN4
10,547 sq. ft
EPC Rating: F
About this property
Let in its entirety to Forterra Building Products Limited - Experian Very Low Risk - Accounts available on request
Low passing rent of £158,205 pa excl (£15.00 psf) - Outstanding rent review from March 2025
The building offers flexiable floor plates, enabling reletting as a whole, floor-by-floor, or as four individual suites in the event that the tenant doesn't renew
Recent comparable transactions demonstrate potential for rental growth
Limited existing supply strengthens the building's competitive position
The quoting price of £147 psf is underpinned by recent vp sales
Offers are invited in excess of £1,550,000 for the freehold interest subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 9.62% and a reversionary yield of 11.68%(allowing for purchaser costs of 6.20%)
5 Grange Park Court is a detached two storey modern office building and is understood to have been built in c. 2007.
The building is constructed in an attractive traditional style with brick elevations, double glazed aluminium framed windows and a pitched tiled roof.
The property is configured over ground and first floor levels providing a mix of open plan office space and cellular office accommodation.
Location
5 Grange Park Court is located within Grange Park, a well-established 500-acre mixed-use development in Northampton. The area combines residential, commercial, and retail elements, including approximately 1,000 homes, a dedicated employment zone, and a variety of local amenities such as restaurants, public houses, hotels, and a district shopping centre.
The property benefits from excellent connectivity, situated just 0.7 miles from the A45, which provides direct access to Junction 15 of the M1 motorway. This offers strong transport links to key regional hubs and ensures excellent accessibility for businesses and commuters.
5 Grange Park Court is prominently positioned on Roman Way, within the commercial heart of Grange Park. The property is surrounded by established businesses, including Tritax Symmetry, Barratt Homes, Cotters Insurance Brokers, Mitie Energy and Wilson Browne Solicitors.
Its strategic position provides both high visibility and convenient access for employees, clients, and visitors, further enhancing its appeal as a commercial investment opportunity.
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