Frank-Steier Price Ltd. Leading niche commercial property investment practice Logo for Midlands Property Awards 09

November 2018

39-49 Oulton Rise, Spinney Hill, Northampton, NN3 6EW

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The property comprises a multi-let neighbourhood parade in the residential area of Spinney Hill, opposite Northampton School for Girls.  The property comprises four ground floor retail units anchored by Co-op with four residential flats above which have been sold off on a long leasehold basis.  The property is fully let with a WAULT to expiries 8.5 years and 5.9 years to breaks.  Current combined passing rent of £59,337 per annum.  Offers sought in excess of £690,000 which reflects a net initial yield of 8.16%.