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Quadra, 500 Pavilion Drive, Northampton Business Park, Northampton, NN4 7YJ
41,975 Sq Ft / Offices
Withdrawn - Last updated: 25 October 2022
High quality multi-let office located on Northampton Business Park.
Northampton Business Park is considered one of Northampton's premier office locations.
Excellent access to UK motorway network and adjacent to Brackmills Industrial Estate.
Well specified office accommodation with the vendor having undertaken a significant capital investment programme.
Providing a total of 41,916 sq ft of offices over 3 storeys.
Let to 7 tenants with a WAULT of 4.1 years (2.26 years to break).
50% of the income is from tenants with a D and B rating of 5A3 or better.
Rent passing of £633,184 pa, equating to a low average rent of £15.11 psf.
Proven reversion as a result of the Keepmoat Homes Ltd letting at a headline rent of £16.40 psf.
Flexible floor plates well suited to occupational demand in Northampton.
Various asset management opportunities through letting of vacant accommodation (7,629 sq ft), rent reviews and lease renewals.
Opportunity to add value by improving the EPC rating with indicative costs to raise it to a B rating of £11.21 psf.
( Agency Pilot Software ref: 20012430 )
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