New Build Commercial Parade anchored by Co-op Food

Property Description

Please click here to Download Brochure.

• Freehold Commercial Parade & Residential Ground Rents
• Upton Place convenience centre is a new development that forms a terrace of 7 retail units.
• 11,530 sq.ft. total commercial area with 32 flats above which have been sold off on long leases.
• Property benefits from car parking spaces.

Location Description

• The mixed parade is part of a larger development which includes over 300 new homes, new school and medical facilities creating an urban village on the edge of Northampton.
• Northampton is the UK’s second largest town and as at 2015 has a population of approximately 220,000. The town is home to a number of significant financial and insurance firms such as Barclaycard, Nationwide and HSBC.  Business services firms such as Shoosmiths solicitors, Grant Thornton and Haines Watts also form a strong presence.
• Northampton is well connected to the national motorway network being alongside the M1 motorway and benefitting from 3 motorway junctions, 15, 15A and 16. Excellent rail connections to London Euston (56 minutes) and Birmingham New Street (66 minutes) and being part of the West Coast Main Line network means not only links to the national rail network but it is served by both virgin and London Midland.
• Upton Place convenience centre is situated on Weedon Road 3 miles  west of Northampton town centre, adjacent to the main arterial A4500 trunk road and occupies a prominent roadside location.
• Nearby occupiers include Boots, Sainsburys, M&S, Domino’s, Estate Agents, Indigo Sun, Fish & Chips and restaurant, Next with Sixfields Retail and Leisure Park also nearby.

Tenancy & Accommodation Schedule

• Total commercial income =  £202,15 p.a. with  an AWAULT of ca. 10 years
• Total residential ground rent income = £3,200 p.a. and are let on 125 year leases
• Total income therefore is £205,355 p.a. with full details in the brochure or available here.

Tenancy & Accommodation Schedule