1/2 Grafton Court

Kettering/ Northampton - Ref: 3050-2
Investment Sold

1 and 2 Grafton Court Kettering Parkway 

Kettering Venture Park 

Northampton

NN15 6XR

Approx 16,000 sq ft
  • c15,668 sq ft 
  • Parking for 62 cars
  • Let to Northamptonshire County Council
  • Net Initial Yield c 10.2%
Location

Kettering Venture Park is an established Regional Business Centre located immediately adjacent to the A45 dual carriageway on the A509 southern approach to Kettering. Nearby amenities include a retail park, (Next, Argos and Laura Ashley), multi screen cinema and a Tesco superstore. Occupiers include RCI Wyndham, National Accident Helpline, Kettering Park Hotel and Spa, Busy Bees Nursery, Logistex and Towergate Insurance. Kettering railway station (London St Pancras International – quickest journey time 53 minutes) is less than 3 miles away. The town is approximately 45 miles from Cambridge and 60 miles from Birmingham and the A45 provides direct access to the M1/M6 to the west and the A1 to the east. The RBS Growth Tracker shows that the East Midlands was the fastest growing English region in 2014.


Description

A modern detached two-storey quality office completed in 2005. Comprising approximately 15,668 sq ft together with parking for up to 62 cars (1:258 sq ft).

The property has an excellent specification to include:

Gas fired central heating to radiators

Full access raised floors

Double glazing

Carpeting to office areas

Suspended ceilings with Cat II inset lighting


Schedule of Accomodation

Approximately c15,668 sq ft (1,486 sq m)


Services

For more information on the services available to this property, please contact us.

Disclaimer: Ben Coleman Associates ("BCA") for themselves and for the Vendors or Lessors of the property whose agents they are give notice that: (i) these particulars are given without responsibility of BCA or the Vendors or Lessors as a general outline only for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; (ii) BCA cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; (iii) No employee of BCA (and their joint agents where applicable) has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; (iv) VAT may be payable on the purchase price and / or rent, all figures are quoted exclusive of VAT, intending purchasersor lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; (v) Except in respect of death or personal injury caused by the negligence of BCA, its employees or servants, BCA will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars save to the extent that any statement made in these particulars has been made fraudulently by BCA.

For viewing and further information please contact the sole agent:

Rates

The property is currently awaiting assessment. The Rateable Value for 1 Grafton Court is £102,000.


Terms

The property is currently held by way of full repairing and insuring lease for a term of 5 years from 23 April 2014. The rental is £138,000 pax (to 22 April 2015) From 23 April 2015 until 22 April 2016 the rent is £140,000. From 23 April 2016 for the remainder of the term the annual rent is £144,000. There is a tenant’s option to determine at the expiry of the third year.


VAT
All figures quoted are exclusive of VAT that the Landlord may have a duty or choose to impose.

For viewing and further information please contact the sole agent:

Disclaimer: Ben Coleman Associates ("BCA") for themselves and for the Vendors or Lessors of the property whose agents they are give notice that: (i) these particulars are given without responsibility of BCA or the Vendors or Lessors as a general outline only for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; (ii) BCA cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; (iii) No employee of BCA (and their joint agents where applicable) has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; (iv) VAT may be payable on the purchase price and / or rent, all figures are quoted exclusive of VAT, intending purchasersor lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; (v) Except in respect of death or personal injury caused by the negligence of BCA, its employees or servants, BCA will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars save to the extent that any statement made in these particulars has been made fraudulently by BCA.