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Francis Crick House Summerhouse Rd 47,500 sq ft 100% Let Office Property Northampton NN3 6BJ £3,500,000 (£73.68/sq ft) 4.83% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Investment Sale
- Francis Crick House is located at Moulton Park approximately 3 miles north of Northampton town centre
- Part let- Ground and First floor Vacant but the Second Floor has tenants in Situ
EXECUTIVE SUMMARY
High Quality office accommodation for sale- currently part let. Prime Office Space Investment Opportunity
Existing Income: £169,000 from Floor 2
Ground floor and first floor vacant.
ERV (Fully Let): £500,000+
A rare opportunity to maximise returns in a high-potential office asset
Existing Income: £169,000 from Floor 2
Ground floor and first floor vacant.
ERV (Fully Let): £500,000+
A rare opportunity to maximise returns in a high-potential office asset
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
47,500 sq ft
Costar Property Class
B
Year Built
1990
Price
£3,500,000
Price per sq ft
£73.68
Yield
4.83%
NOI
£169,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
13,371 sq ft
Plot ratio
0.50
Total Plot Size
2.20 ac
Parking
76 Spaces (1.6 Spaces per 1,000 sq ft Leased)
AMENITIES
- Controlled Access
- Raised Floor
- Security System
- Signage
- Accent Lighting
- Reception
- Air Conditioning
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Francis Crick House | Summerhouse Rd
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