This property was purchased in 2016 as a long-term investment.
The property comprises of a commercial office building spread over three floors with a total floor area of 8,150 sq ft.
This building sits on a prominent intersection overlooking Northampton town high-street. The building is let to one sole tenant, a charity, that has been in there for over 20 years. A potential pipeline project would be to keep the existing building as it is, offering improvements and refurbishment where required. In addition, there is the opportunity to carry out both a roof and side extension to increase the overall building volume and lettable area. There could be an option for the additional volume to be utilised as residential apartments or commercial units should the demand be apparent.
Span Group are currently reviewing all options to understand where the value of the property can be increased.