Freehold Secondary School Investment
Freehold Secondary School Investment
Northampton is a major commercial centre in the East Midlands benefitting from excellent road with the M1, M6 and M45 and rail links with trains to London Euston in 50 minutes. The property is situated in an established office park in the centre of Northampton just north of Abington Street via Albert Place.
Freehold.
Northampton is a major commercial centre in the East Midlands benefitting from excellent road with the M1, M6 and M45 and rail links with trains to London Euston in 50 minutes. The property is situated in an established office park in the centre of Northampton just north of Abington Street via Albert Place.
Freehold.
The property comprises an independent secondary school with accommodation on the ground and first floors. The property forms part of a larger terrace of modern office units each with designated car parking.
The property may be suitable for longer term alternative uses including offices for lease or owner occupation or residential conversion (subject to consents).
VAT is not applicable to this lot.
Six week completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises an independent secondary school with accommodation on the ground and first floors. The property forms part of a larger terrace of modern office units each with designated car parking.
The property may be suitable for longer term alternative uses including offices for lease or owner occupation or residential conversion (subject to consents).
VAT is not applicable to this lot.
Six week completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Review/(Reversion) |
|---|---|---|---|---|---|---|---|
| No. 7 Ground No. 7 First No. 8 Ground No. 8 First |
School School School School |
126.08 125.72 248.08 244.28 |
(1,357) (1,353) (2,670) (2,629) |
PROGRESS SCHOOLS LIMITED (CRN 09873514) (1) |
10 years from 12/04/2022 until 2032 |
£71,400 |
12/04/2027 (11/04/2032) |
| Total Approximate Floor Area |
744.16 |
(8,009) (2) |
£71,400 |
(1) Progress Schools Limited was incorporated in 2015 and is a nationally based, alternative education provider with independent secondary schools located throughout England operating from 12 locations. They acquired another educational provided in 2016 who have been in occupation since 2016 (progress-education.org.uk).
(2) The floor areas stated above are Gross Internal Area (GIA).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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