Northgate House 59-77 Sheep Street Northampton NN1 2LL

Northgate House
59-77 Sheep Street
Northampton
NN1 2LL

Freehold Office Investment with

Government occupied office building, let to The Secretary of State for Communities and Local Government
2,949.03 sq m (31,743 sq ft)
Close to the town centre, rail station and bus station
On-site car parking for approximately 40 cars
Potential for conversion to residential use subject to consents
Six Week Completion Available

Lot
21
Auction
18th October 2012
Rent
£265,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Office Investment with

Government occupied office building, let to The Secretary of State for Communities and Local Government
2,949.03 sq m (31,743 sq ft)
Close to the town centre, rail station and bus station
On-site car parking for approximately 40 cars
Potential for conversion to residential use subject to consents
Six Week Completion Available

Lot 21
Auction 18th October 2012
Rent £265,000 per Annum Exclusive
Status Sold Post
Price
Sector
Office
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Estimated District Population: 200,000
Miles: Northampton town centre, 50 miles south-east of Birmingham, 66 miles north of Central London
Roads: A45, M1 (3 miles to Junction 15)
Rail: Northampton Rail Station – direct to London Kings Cross (approximately 60 minutes)
Air: London Luton Airport

Situation

The property is located on Sheep Street, which is a short distance north of the
town centre and the main central shopping and leisure area. Northampton Rail Station is within walking distance and the town’s main bus station is approximately 200 metres from the property.

Tenure

Freehold.

Location

Estimated District Population: 200,000
Miles: Northampton town centre, 50 miles south-east of Birmingham, 66 miles north of Central London
Roads: A45, M1 (3 miles to Junction 15)
Rail: Northampton Rail Station – direct to London Kings Cross (approximately 60 minutes)
Air: London Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises a part four storey, part five storey office building over ground and four upper floors with car parking at lower ground floor level. The accommodation benefits from perimeter trunking, central heating and two 8-person passenger lifts.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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	Reversion
Ground First Second Third Fourth All Lower Ground	Office Office Office Office Office/Staff/Storage Kitchenettes Car parking	645.66 sq m 653.50 sq m 740.03 sq m 734.53 sq m 160.46 sq m 14.85 sq m 40	6,950 sq ft)) 7,034 sq ft) (7,966 sq ft 7,907 sq ft) (1,727 sq ft) (159 sq ft) Spaces	THE SECRETARYOF STATE FORCOMMUNITIESAND LOCALGOVERNMENT (1)	5 years from 18/06/2009 on a full repairing and insuring lease (3) (4)	£265,000	17/06/2014
Totals		2,949.03 sq m	(31,743 sq ft)			£265,000

(1) The building has been occupied by the Government since 1974 (some 38 years).
(2) The building is currently occupied by the Valuation Office Agency (VOA) and The Inland Revenue (HMRC).
(3) The lease provided for a tenant option to determine the lease in February 2012. This option was not exercised.
(4) The tenants repairing obligations are subject to a Schedule of Condition dated November 1994.