Commercial properties for sale in Town Centre, Northampton, Northamptonshire, Traditional office, this area only

Elgin House fronts Billing Road in a prominent location being a three storey building with front reception area leading to staircase and lift giving access to all floors with vehicle access to the side leading to the rear area used for rear car parking and external play area. The rear area can accommodate up to 36 car parking spaces. Each floor is fitted with male and female w/c's with ground floor and 1st floor also having disabled w/c's. Internally the property has recently received an extensive fit out to accommodate the academic school fit out that involved a significant degree of improvement to all facilities. Heating is via a combination of gas fired radiator system and individual air conditioning units. Further details of the full fit out available from the agents.

Investment/Development opportunity

Town Centre office with on-site car park

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

Characterful Long Leasehold Opportunity - Offers are invited for the long leashold interest (new 250 year lease)

Mixed Use Long Leasehold Opportunity

Characterful Long Leasehold Opportunity