Under Offer

TypeOffice Investments · Retail Investments · Leisure & Hotel Investments · Office

NN1 18 Market Square, Northampton

TenureFor sale

18 Market Square, Northampton, NN1 1/1

Specification

Building size
Building size 1,475 sqft
Property type
Property type Office Investments · Retail Investments · Leisure & Hotel Investments · Office
Tenure
Tenure For sale

Description

The property comprises a Grade II listed four storey terrace building overlooking the Market Square in Northampton.

The ground floor and lower basement is let to Cafe Track on a 6 year lease from June 2021 at a rental of £12,500 per annum.

The lease ends in May 2027 but the tenants have signalled a wish to stay in occupation after this and a new lease is currently being drawn up. (further details from the agents)

The upper floors are separately accessed and are let to Lord Operations Limited (wedding planners) on a 5 year lease from December 2023 at a current rent of £7,000 per annum rising to £9,000 per annum from December 2026.

The lease contains a break clause in December 2026

As the property is Grade II Listed we have been advised that it is exempt from needing an EPC

The offices are available to let on a new FRI lease for a term of years to be agreed at a rental of £9,500 per annum plus VAT

Map