32 & 32a Billing Road Sold

32 & 32a Billing Road Northampton
NN1 5DQ
£450,000
3163 sq ft

Summary

A three storey semi-detached character office building, fully tenanted, located on the Billing Road in Northampton.
  • Investment sale
  • On site car park
  • Prominent location
  • Character office building
  • Fully let

Location

The property is located on Billing Road which is one of the main arterial routes into Northampton town centre and a popular business location for a range of companies and medical clinics. The subject property is located close to Northampton General Hospital, and a short walk from the town centre, and popular Wellingborough Road, where a full range of amenities can be found.

Accommodation

The subject property is a three storey semi-detached character office building. The accommodation is provided over three floors together with a basement. In addition there is a separate two storey building situated to the rear of the site that is currently let.

Externally there is allocated car parking provided to the front and rear of the property.

Floor Areas

Ground Floor 1,083 Sq Ft 100.61 Sq M
First Floor 804 Sq Ft 74.69 Sq M
Second Floor 530 Sq Ft 49.24 Sq M
32a 746 Sq Ft 69.30 Sq M
Total Area 3,163 Sq Ft 293.85 Sq M

Terms

The ground floor is subject to a lease to Tempus Personnel Ltd, for a term of 5 years, commencing on the 24 February 2015 and expiring on the 23 February 2020, at a passing rent of £11,000 per annum.

The first floor is subject to a lease to Barfield Wealth Management LLP, for a term of 5 years, commencing on the 1 July 2011 and expiring on the 30 June 2016, at a passing rent of £8,000 per annum. New terms are currently being discussed.

The second floor is subject to a lease to Michael Anthony Project Management Limited, for a term of 3 years, commencing on the 5 October 2012 and expiring on the 4 October 2015, at a passing rent of £6,000 per annum. The tenant is currently holding over, but new terms are being discussed.

The entire property, known as 32a Billing Road, situated to the rear of the site, is subject to a lease to Gilroy Steel Solicitors, for a term of 6 years, commencing on the 5 February 2013 and expiring on the 4 February 2019, at a passing rent of £9,500 per annum.

Legal Costs

Each party is responsible for their own legal costs incurred in the transaction.

It should be noted that all figures quoted either verbally or in writing are exclusive of VAT unless specifically stated.

Services

Viewing

To view and for further details please contact:

Charles Church
Email: cc@underwoods.co.uk
Telephone: 01604 404060
Direct Dial: 01604 783004

Amy Gregory
Email: ag@underwoods.co.uk
Telephone: 01604 404060
Direct Dial: 01604 774146