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Vantage House 2700 Kettering Parkway 14,782 SF Office Building Kettering NN15 6XR $3,834,361 ($259.39/SF) 8.77% Cap Rate
Investment Highlights
- Detached modern office building
- Situated on Kettering’s premier business park
- Good road communications
- 101 car parking spaces with ratio of 1:146 sq. ft
- Adjacent to Junction 9 of the A14
Executive Summary
Vantage House comprises a modern, two-storey headquarters style office building on a self-contained site. We understand was built in 1995 and refurbished in 2014. The freehold interest under Title Number NN163132 is available for sale subject to the tenancies in place. Offers are invited in the region of £2,850,000 plus VAT. Based on the current income of £265,686.07 per annum this represents a net initial yield of circa 8.77% based on purchase costs of approximately 6.25%.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
14,782 SF
Building Class
B
Year Built/Renovated
1994/2014
Price
$3,834,361
Price Per SF
$259.39
Cap Rate
8.77%
NOI
$336,273
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
7,391 SF
Building FAR
0.30
Lot Size
1.14 AC
Parking
101 Spaces (6.83 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Energy Performance Rating - C
- Storage Space
- Common Parts WC Facilities
- Direct Elevator Exposure
- Open-Plan
- Partitioned Offices
- Drop Ceiling
- Air Conditioning
- Raised Floor System
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Vantage House | 2700 Kettering Parkway
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