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Vantage House 2700 Kettering Parkway 14,782 sq ft Office Property Kettering NN15 6XR £2,850,000 (£192.80/sq ft) 8.77% Net Initial Yield
Investment Highlights
- Detached modern office building
- Situated on Kettering’s premier business park
- Good road communications
- 101 car parking spaces with ratio of 1:146 sq. ft
- Adjacent to Junction 9 of the A14
Executive Summary
Vantage House comprises a modern, two-storey headquarters style office building on a self-contained site. We understand was built in 1995 and refurbished in 2014. The freehold interest under Title Number NN163132 is available for sale subject to the tenancies in place. Offers are invited in the region of £2,850,000 plus VAT. Based on the current income of £265,686.07 per annum this represents a net initial yield of circa 8.77% based on purchase costs of approximately 6.25%.
Property Facts Under Offer
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
14,782 sq ft
Costar Property Class
B
Year Built/Renovated
1994/2014
Price
£2,850,000
Price per sq ft
£192.80
Yield
8.77%
NOI
£249,945
Tenancy
Single
Number of Floors
2
Typical Floor Size
7,391 sq ft
Plot ratio
0.30
Total Plot Size
1.14 ac
Parking
101 Spaces (6.83 Spaces per 1,000 sq ft Leased)
Amenities
- Security System
- EPC - C
- Storage Space
- Common Parts WC Facilities
- Lift Access
- Open-Plan
- Partitioned Offices
- Suspended Ceilings
- Air Conditioning
- Raised Floor System
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Vantage House | 2700 Kettering Parkway
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