Unit 8 Brooklands Court, Venture Park, Kettering, NN15 6FD
A modern Freehold office investment opportunity
Features
- Set within high quality modern office development.
- 2,324 square feet (215.98 sq m) over two floors.
- Fully let producing £27,635 per annum.
- Both tenants have renewed their leases.
- 11 onsite car parking spaces.
- Low capital value of £166 psf.
- Freehold – offers based on £375,000, equating to a net initial yield of 7.09% (after usual purchasers costs).
Description
Unit 8 comprises a two storey office building within Brooklands Court which, itself, consists of 18 offices. The property extends to 2,324 sq ft (215.98 sq m) over two floors. There is a total of 11 on site allocated car parking spaces . The property has its own entrance directly off the car park and the grounds of Brooklands Court are attractively landscaped to include decorative walkways.
Location
Brooklands Court is located on Kettering Venture Park on the southern edge of Kettering. Kettering Venture Park is a 3.6 acre self contained site with excellent connectivity to the major road networks and lies immediately adjacent to the A14 (J9) trunk road linking directly to the M6/M1 (J18) to the west and A1/M11 to the east. It benefits from a mainline rail station a few minutes away giving a twice hourly service connecting London St Pancras and Sheffield. Adjacent to Brooklands Court is the 4 star Kettering Park Hotel, with health/spa, restaurant and conference facilities on site. Kettering is considered one of the most high profile growth areas in the UK as identified in a number of recent Government economic development initiatives. With outstanding transport links, up to 75% of the UK’s population is within only a two hour drive. It is located approximately 10 miles to the north east of Northampton and has nearby a number of other expanding towns allocated for similar housing and employment growth including Wellingborough and Corby.Accommodation
The property comprises office accommodation spread over ground and first floors. Benefits include: Comfort cooling with reversible heat pumps for heating, Suspended ceilings, LG3 Cat 2 lighting, Carpet tiles throughout, Emergency lighting and fire alarms, DDA compliant access and Double glazed windows and doors.Tenure
Freehold subject to existing tenancies.Tenancy
Ground floor - 1,130 sq. ft. Let to Seventy9 Creative Ltd on a renewed lease for a term of 5 years, expiring 19/2/2028. The passing rent is £13,000 per annum. There is a rent review and break clause at the third anniversary.Seventy9 Creative Ltd – Formed in 2005, Seventy9 is a full service creative anddigital marketing agency, specialising in the design, build and maintenance of
digitally-led websites. Seventy9 serves an active client list of over 150 businesses,
from cottage industry to multi-national.
First Floor – 1,194 sq. ft. Let to Novus Digital Ltd on a 5-year lease from 23/5/2022 at a passing rent of £14,625 per annum. There is an RPI linked rent review at the third anniversary.Novus Digital Ltd is a marketing services company specialising in SEO, SEO
Consultancy, SEO Auditing, Technical SEO, Local SEO, National SEO, Global SEO,
Digital Marketing, and Conversion Optimisation.
The total rent is £27,125 per annum.