Description

• 5 Grange Park Court is a detached two storey modern office building and is understood to have been built in c. 2007.
• The building is constructed in an attractive traditional style with brick elevations, double glazed aluminium framed windows and a pitched tiled roof.
• The property is configured over ground and first floor levels providing a mix of open plan office space and cellular office accommodation.
• Currently fully-let to Forterra Buildings Products Limited expiring 6 March 2028, following a Deed of Variation and new reversionary lease commencing 7 March 2023. This provides the property with an income length to expiry of 2.2 years.
• This elf-contained, two-storey modern office building specifications include: - Suspended ceilings with LED lighting. - Full access raised floors with power and data. - VRF air conditioning. - Large kitchen breakout area. - Male, female and disabled WCs. - Passenger lift. - 45 Car parking spaces including 12 EV chargers (1:234 sq ft). - Water mains, drainage, electricity and gas are connected to the property.

Location

• 5 Grange Park Court is prominently positioned on Roman Way, within the commercial heart of Grange Park - a well-established 500-acre mixed-use development in Northampton.
• The area combines residential, commercial, and retail elements, including approximately 1,000 homes, a dedicated employment zone, and a variety of local amenities such as restaurants, public houses, hotels, and a district shopping centre.
• The property is surrounded by established businesses, including Tritax Symmetry, Barratt Homes, Cotters Insurance Brokers, Mitie Energy and Wilson Browne Solicitors.
• The property benefits from excellent connectivity, situated just 0.7 miles from the A45, which provides direct access to Junction 15 of the M1 motorway. Its strategic position provides both high visibility and convenient access for employees, clients, and visitors, further enhancing its appeal as a commercial investment opportunity.
• Northampton's strategic location has led to the development of an M1 logistics and distribution corridor with ongoing development, including the construction of Northampton gateway, a rail freight interchange adjacent to junction 15 of the M1 with consent for up to 5 million square feet of distribution warehousing.

More Information

Accommodation

Terms
Offers are invited in excess of £1,550,000 for the freehold interest. Subject to contract and exclusive of VAT. A purchase at this level reflects the following investment profile (allowing for purchaser costs of 6.20%): Net Initial Yield: 9.62% Reversionary Yield: 11.86% Capital Value (psf): £147

EPC
B-26

Business Rates
The rateable value from the 1st April 2026 is £123,000. For the rates payable please contact us or www.voa.gov.uk