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Unit C, Waterside Way, The Lakes, Northampton, NN4 7XD

For sale: POA|9412 Sq Ft|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
SIZE9412 Sq Ft
ADDRESSUnit C, Waterside Way, The Lakes, Northampton, NN4 7XD
TYPEOther, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON9th September 2019

DESCRIPTION

Description
- Northampton is an established office market in the heart of England, with excellent transport connectivity being located adjacent to the M1 motorway, the UK’s arterial motorway.
- Northampton is home to a number of high profile occupiers including Barclaycard, Nationwide Building Society, Avon, Opus Energy, Grant Thornton, Haines Watts and Shoosmiths LLP.
- Unit C Waterside Way is well located prime office prominently positioned in Northampton’s premier business park.
- A new two storey Grade A office building (to be constructed), extending to 9,412 sq ft.
- Fully let to The Car Shop, and guaranteed by Sytner Group one of the largest UK motor groups.
- 10 year term certain, without break.
- Exceptional parking ratio of 1:135 sq ft.
- The current passing rent of £198,740 per annum, equating to £21.11 per sq ft overall.
- Forward funding with stamp duty saving opportunity
- Freehold

We are instructed to seek offers in excess of £3,150,000 (Three Million, One Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at this level would reflect a net initial yield of 6.25%, assuming purchaser’s costs of 2%, allowing a for stamp duty saving.

LOCATION

Location: Unit C, Waterside Way, The Lakes, Northampton, NN4 7XD

Northampton (2.0 miles)

Wellingborough (9.4 miles)

AGENT'S DETAILS

PROPERTY AGENT
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