Britannia House 3-5 Rushmills Business Park Bedford Road Northampton NN4 7YB

Britannia House 3-5 Rushmills Business Park
Bedford Road
Northampton
NN4 7YB

Substantial Modern Office Investment

Let to the Secretary of State for the
Environment
Approximately 1,775.40 sq m (19,111 sq ft)
85 car parking spaces 1:225 sq ft
Located close to the town centre and the A45 linking directly to the M6 and M1
Nearby occupiers include HSBC, Northamptonshire Council, Holiday Inn and
Premier Inn
Six Week Completion Period Available

Lot
37
Auction
14th February 2013
Rent
£304,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Substantial Modern Office Investment

Let to the Secretary of State for the
Environment
Approximately 1,775.40 sq m (19,111 sq ft)
85 car parking spaces 1:225 sq ft
Located close to the town centre and the A45 linking directly to the M6 and M1
Nearby occupiers include HSBC, Northamptonshire Council, Holiday Inn and
Premier Inn
Six Week Completion Period Available

Lot 37
Auction 14th February 2013
Rent £304,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Office
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 2 miles south-east of Northampton town centre 12 miles north of Milton Keynes 42 miles south-east of Birmingham 50 miles north of London
Roads: A428, A45, M1 (Junction 15)
Rail: Northampton Railway Station
Air: London Luton Airport

Situation

The property is situated on the established and popular Rushmills Business Park approximately 2 miles south east of Northampton town centre. The property is located on the east side of Bedford Road immediately south of the A428. Neighbouring occupiers include HSBC, Premier Inn, Holiday Inn, Northamptonshire Council and Ricoh.

Tenure

Long Leasehold. Long leasehold. Held for a term of 125 years from 29th November 2012 at a current rent reserved of £90,000 per annum exclusive. The headlease provides for the rent to be reviewed every 10th year by 1.5% per annum compounded.

Location

Miles: 2 miles south-east of Northampton town centre 12 miles north of Milton Keynes 42 miles south-east of Birmingham 50 miles north of London
Roads: A428, A45, M1 (Junction 15)
Rail: Northampton Railway Station
Air: London Luton Airport

Situation

Tenure

Description

The property comprises a substantial and modern office building benefiting from a 10-person passenger lift and approximately 85 car parking spaces. The office accommodation is configured as 6 wings around a central atrium and is highly specified with suspended ceilings, raised floor, air conditioning and central heating.

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	Office Office Office	601.00 sq m 587.20 sq m 587.20 sq m	(6,469 sq ft) (6,321 sq ft) (6,321 sq ft)	SECRETARY OF STATE FOR THE ENVIRONMENT (1)	25 years from 8th May 1991 until 2016 on a full repairing and insuring lease	£304,000	07/05/2016
Totals		1,775.40 sq m	(19,111 sq ft)			£304,000

(1) The tenant has sublet the property to I-Sm@rt Group Limited for the remainder of the unexpired term. For the year ending 31st March 2012, I-Sm@rt Group Limited reported a turnover of £16,012,043, pre-tax profits of £4,279,262 and a total net worth of £2,529,391. (Source: www.Riskdisk.com 17/01/2013)