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Kettering - Kettering Venture Park

Kettering,
25,576 sq ft (2,376 sq m)

Northamptonshire Office Investment For Sale – Montagu Court, Parkway, Kettering Venture Park, Kettering

 Prime Northamptonshire Office Investment – Fully let to four high quality tenants

  • 25,576 sq ft (NIA) quality multi-let office scheme
  • Constructed in the mid 1990’s by Arlington Securities as part of the prestigious Kettering Venture Park
  • Located adjacent to J9 of the A14, within immediate proximity to the towns principal retail/leisure parks and the Kettering Park Hotel
  • Let to 4 high quality tenants
  • Good prospects for future rental growth
  • Excellent car parking ratio of 1 space per 188 sq ft
  • Low capital value of just £122 psf
  • AWULT of 4.27 years (no tenant breaks)
  • National Accident Helpline Ltd who lease 50% of the floor space have been in occupation for approx 20 years and have just signed new 5 year leases
  • Freehold for sale at a guide price of £3,122,000 equating to a net initial yield of 8.5% after allowing for purchasers costs of 5.8%
sold

For further details please contact us:

EMAIL

01604 604020

Mark Brown

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