THE FREEHOLD of the office building currently occupied by building supplies company Forterra in Northampton is up for sale.
The 10,818 sq ft office block (pictured above) is expected to catch the eye of regional, national and international investors. It has been put up for sale at £2 million + VAT.
Nick Bosworth, agency surveyor at commercial property consultancy Kirkby Diamond which is marketing the building on behalf of its current owners, said: “We are confident it will attract interest from a range of potential investors. It sits in a fabulous location in Northampton and is generating an attractive yield.”
Forterra Building Products Ltd is the current occupier, having agreed a five-year lease. Annual rent on the property is just over £158,000. Mr Bosworth described the freehold acquisition as “an exceptional investment opportunity.”
The building itself is a modern, detached, two-storey office unit constructed in 2008. It has ground- and first-floor office accommodation with a reception area. There are suspended ceilings, a lift to the first floor, 36 allocated car parking spaces and it is situated on the well-regarded Grange Park three miles to the south of Northampton town centre and close to Junction 15 of the M1 with access to the A45 and A43 trunk roads.
“Opportunities to acquire buildings of this quality and in such a great strategic location so close to the M1 are rare,” Mr Bosworth said.
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