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12 Gold St

4,154 SF 100% Leased Office Building Northampton NN1 1RS £475,000 (£114/SF) 9.14% Net Initial Yield

Investment Highlights

  • Excellent public transport links
  • Prime location
  • Fully let

Executive Summary

The ground floor and basement were originally Let to Usman Majid at a rent of £22,000 pax on effectively FRI Terms expiring 27th December 2027. That has been subsequently assigned to Rahmatullah Sullamal and Qudratullah Niazai for the unexpired residue of the term on 18th March 2022.
The first floor is Let to Krzysztof Reksa at a current rent of £11,400 pax rising years 2 and 3 £12,400 pax, then to £13,400 pax end years 4 and 5, £14,400 pax end year 6 and 7, £15,400 pax end years 8 and 9 and finally £16,400 pax end year 10. Lease on effectively FRI Terms expiring on 30th April 2034 with a Landlord break clause on the 1st May 2027 and 2030
The Second Floor is Let to Irina Pulata at a rent of £10,000 pax on effectively FRI terms expiring on the 20th September 2027 with a rent review on the 1st October 2025.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
4,154 SF
Building Class
B
Year Built
1978
Price
£475,000
Price Per SF
£114
Net Initial Yield
9.14%
NOI
£43,400
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
1,385 SF
Building FAR
2.45
Land Acres
0.04 AC

Amenities

  • Secure Storage
  • Listing ID: 32549927

  • Date on Market: 23/07/2024

  • Last Updated:

  • Address: 12 Gold St, Northampton NN1 1RS

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