- Versatile office accommodation
- Prominent location
- Scope for alternative uses including residential and retail
- Part income-producing
THE PROPERTY IS OFFERED FOR SALE AT £550,000
LOCATION
The property is prominently situated on the corner of St James Road and Bowden Road, St James, Northampton. This location is convenient for commuters from the north and west of the town, being within minutes of Junction 16 of the M1 Motorway.
OCCUPIERS
BRI currently occupy 100 and 102 St James Road. These two buildings are offered with vacant possession.
No.104 is let to User Support Service, a registered charity, at a rent of £8,750 per annum inclusive of electricity, heating and water, excluding business rates. They have been granted one car space at the rear. The lease runs to 26th July 2009.
User Support Service has expressed interest in taking 106 St James Road on a lease until 26th July 2009 on similar terms to their lease of No.104 at £8750 per annum inclusive.
DESCRIPTION
A block of 4 adjoining and part connected 2-storey modernised office buildings with gas fired radiator central heating. No’s 100 and 102 have air conditioning units.
SUMMARY OF ACCOMMODATION
| 100 St James Road – Approx |
1,315sq.ft. net |
(corner building) |
| 102 St James Road – Approx |
1,094sq.ft. net |
|
| 104 St James Road – Approx |
886sq.ft. net |
|
| 106 St James Road – Approx |
1,179sq.ft. net |
|
| |
___________ |
|
| |
4,474sq.ft. |
(415sq.m.) |
PARKING
There are approximately 5 parking spaces at the rear of the property with access from Bowden Road. We understand that there are two resident parking permits available per unit or per business for parking in the street. BRI currently lease a further 10 spaces at the Working Men’s Club on Weedon Road at £250 per space per annum.
RATES
| Rateable Value: |
100/102 St James Road, Northampton |
£13,000.00 |
Rates Payable 2010/11 |
£5382.00 |
| |
104 St James Road, Northampton |
£6,000.00 |
Rates Payable 2010/11 |
£2484.00 |
| |
106 St James Road, Northampton |
£5,500.00 |
Rates Payable 2010/11 |
£2277.00 |
TERMS
The property is offered for sale at £550,000 subject to contract.
VAT
Please note that any figures quoted are exclusive of any VAT that the landlord may have a duty to impose.
VIEWING AND FURTHER INFORMATION FROM THE JOINT AGENTS
Strictly by appointment:
Peter Castle, Hadland Chartered Surveyors, Whitworth Chambers, George Row, Northampton, NN1 1DF: Tel: 01604 639657
Richard P Blacklee FRICS MCIArb, King West Blacklee Smith, 8 Spencer Parade, Northampton. NN1 5AA: Tel: 01604 635400 |
