Let to Nationwide Building Society until October 2026 (no breaks)
Situated on prime pedestrianised retail thoroughfare
Adjacent to the substantial BBC Radio Northampton Building
Neighbouring occupiers include RBS, JD Wetherspoon, Boots Opticians and Primark
Lot 35
Auction 9th July 2014
Rent £69,000 per Annum Exclusive
Status Sold
Price £1,010,000
Sector Bank
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
17 miles north of Milton Keynes, 31 miles south of Leicester, 50 miles south east of Birmingham
Roads
A428, A508, A14, M1
Rail
Northampton Rail Station
Air
Birmingham International Airport, London Luton Airport
Situation
The property is situated in the heart of the town centre on the north side of the pedestrianised Abington Street, Northampton’s prime retail thoroughfare. The property is adjacent to the substantial BBC Radio Northampton Building and other neighbouring occupiers include RBS, JD Wetherspoon, Boots Opticians and Primark.
Tenure
Virtual Freehold. Held for a term of 999 years from completion of the sale at a peppercorn rent
Location
Miles
17 miles north of Milton Keynes, 31 miles south of Leicester, 50 miles south east of Birmingham
Roads
A428, A508, A14, M1
Rail
Northampton Rail Station
Air
Birmingham International Airport, London Luton Airport
Situation
The property is situated in the heart of the town centre on the north side of the pedestrianised Abington Street, Northampton’s prime retail thoroughfare. The property is adjacent to the substantial BBC Radio Northampton Building and other neighbouring occupiers include RBS, JD Wetherspoon, Boots Opticians and Primark.
Tenure
Virtual Freehold. Held for a term of 999 years from completion of the sale at a peppercorn rent
Description
The property comprises ground floor retail accommodation with ancillary accommodation in the basement and first floor. The property forms part of a larger building and benefits from a car parking space.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation in the basement and first floor. The property forms part of a larger building and benefits from a car parking space.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Basement Ground First
Ancillary Banking Hall Ancillary
65.03 sq m 226.12 sq m 63.17 sq m
(700 sq ft) (2,434 sq ft) (680 sq ft)
NATIONWIDE BUILDING SOCIETY (1)
15 years from 21/10/2011 until 2026 on a full repairing and insuring lease
£69,000
21/10/2016 21/10/2021
Totals
354.32 sq m
(3,814 sq ft)
£69,000
(1) For the year ending 4th April 2013, Nationwide Building Society reported pre-tax profits of £210,000,000 and a total net worth of £131,260,000,000. (Source: www.riskdisk.com 03/06/2014)
