5 Grange Park Court, Roman Way, Northampton, NN4

Description

Single let detached, self-contained, two-storey modern office investment, constructed in 2007.
Situated on a 500-acre mixed-use development in Northampton with excellent access to the M1 (0.7 miles away).

Let in its entirety to Forterra Building Products Limited - a major UK manufacturer of concrete and clay building products with 15 locations and a D&B rating of 5A1.
Lease expires on 6 March 2028 following a reversionary lease starting on 7 March 2023 with a WAULT of 2.2 years.
Current rent of £158,205 per annum, equating to £15 per sq ft with an ERV of £18.50 psf. There is an outstanding upward only rent review from March 2025, offering potential for a rental uplift.

Main specifications include:
- Suspended ceilings with LED lighting.
- Full access raised floors with power and data.
- VRF air conditioning.
- Large kitchen breakout area.
- Male, female and disabled WCs.
- Passenger lift.
- 45 Car parking spaces including 12 EV chargers (1:234 sq ft).
- Water mains, drainage, electricity and gas are connected to the property.

Location

5 Grange Park Court is prominently positioned on Roman Way, within the commercial heart of Grange Park - a well-established 500-acre mixed-use development in Northampton.