Property overview

Units 9, 12 & 13 Basset Court, Loake Close, Grange Park, Northampton, NN4 5EZ

Make an enquiry
Feb 2015

Franck Steier Price has recently completed the acquisition of three units on a modern courtyard office scheme on behalf of a property company client.

The office was at Grange Park, Northampton, close to J15 of M1. The three units were split into 8 small individual suites extending in total to 4,901 sqft

The property was let on internal repairing leases with a gross income of £76,250 per annum and a true net rental of circa £56,380 per annum.

The investment was purchased for £480,000 which reflected an initial yield 11.2% off the net rental figure.

The vendor was represented by JLL.