167 St. James Road, Northampton, Northamptonshire, NN5 5LE

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold for £395,000

Upon the instructions of

A major UK Bank
  • Freehold former banking hall and ancillary offices
  • Suit investor, developer and occupiers
  • About 3,933 sqft (365.38 sq m)
  • Car parking to the rear
  • Vacant possession (plus £2,000 per annum from ATM)

Viewings

11.00am Thursday 30th November and Tuesday 5th December

Details

Location

Summary: This three storey property occupies a prominent corner position located on the east side of St James' Road. There is a rear yard accessed via Althorp Road that could be used for car parking.
Miles: Milton Keynes 22 miles, Rugby 20 miles
Roads: A4500, A428, A45
Rail: Northampton
Nearby Occupiers: Aldi, Farmfoods, Iceland

Description

A three storey end of terrace property of traditional construction with a small rear car park totalling about 3,933 sq ft (365.38 sq m). The property is located near all amenities and would suit a potential change of use to include possible residential conversion in part, subject to obtaining all necessary consents.

Tenure

Freehold

Planning

Northampton Borough Council (0300 330 7000) www.northampton.gov.uk

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Address Tenant Floor Use Sq M Sq F Lease Terms Rent £ pa Rent Review
TOTAL 365.38 3,933 £2,000
167 St James' Road Ground First Second Former banking hall, offices, store Ancillary offices Ancillary offices 175.30 133.22 56.86 1,887 1,434 612
ATM NatWest Bank Cash machine 5 years from completion (1) £2,000
The measurements have been provided by the vendor.
(1) There is a tenant's break clause at the end of the third year, subject to 6 months notice.

Joint auctioneers

GVA

Contact

Seller's solicitor

DLA Piper

Alice Rusling

0113 369 2844

alice.rusling@dlapiper.com

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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Email: auctions@lsh.co.uk

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