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    Key features

    • This property has been moved to the 22nd July auction due to no legal pack
    • A landmark office amounting to an approx. 99,297 sq ft (NIA) with 382 car parking spaces
    • Instant asset management potential in its current use
    • Alternative use potential such as Industrial and Logistics, Residential, Care Home, EV Charging Station or Open Storage
    • Excellent road connectivity with the A428 connecting directly with the A45 dual carriageway less than a mile away to the north and the M1 an approx. 5 miles from the property
    • Low capital value of £47.83 per sq ft on guide price
    • The site area is approximately 4.29 acres
    • 6 week completion available

    Description

    Lakeside House is a Grade A self-contained headquarter building occupying an imposing position at the heart of The Lakes Business Park.

    The office space is configured around a central atrium offering approximately 99,297 sq ft of NIA.

    On-site parking provision is excellent and is provided at ground level through a security barrier. In total, the 382 car spaces equate to a parking ratio of 1:260 sq ft.

    The site offers asset management in its current use or development/change of use potential (subject to the requisite consents)

    Residential use

    • Architectural plans have been drawn up for a 93-unit residential development. The scheme is configured to deliver a mixture of one, two and three-bedroom units, catering to a variety of lifestyle needs.
    • The drawings include amenity space such a gym and executive suite as well as winter gardens on the first and second floors.

    Industrial use

    • Subject to planning, the vendor has proposed a scheme comprising four logistics warehouses, totalling 72,863 sq ft of prime space, located within the Golden Triangle. Further details are available upon request.

    Additional information

    Tenure

    The property is held long-leasehold for a term of 999 years from 1 April 1992 on a peppercorn rent

    Tenancy

    Vacant

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. Prospective purchasers must reply upon their own enquiries prior to bidding. Please refer to the legal pack.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Northampton is one of the UK's largest towns, with an estimated population of approximately 243,511. The town has evolved from an economy largely reliant on manufacturing to become one of the UK’s key logistics sites.

      The town hosts several significant financial and insurance firms, including Barclaycard, Nationwide Building Society and Panasonic in the area. Travis Perkins, the UK's largest builders' merchant, has its headquarters in Northampton. The firm's head office has been located at the Lodge Way Industrial Estate near Duston, Northampton, since 1980. In 2022, the company refurbished the office to create an open-plan workspace supporting over 700 colleagues and adapting to hybrid working models.

      The unemployment rate in Northampton stands at 3.1%, comparing favourably to the national average of 3.7%. Repair services account for 19.2% of all employment in the town, other significant sectors include Manufacturing (14.6%) and Transportation & Storage (10.6%).

      Transport

      Northampton is located centrally within the UK, around 65 miles north of London and 50 miles south east of Birmingham. With proximity to some of the UK’s best road networks, including the M1, M6 and M45.

      The Lakes is situated just off the A428 Bedford Road, which connects directly with the A45 dual carriageway less than a mile away to the north. Local bus services provide access from the Park to Northampton town centre, Bedford and Brackmills Industrial Area. The Park also benefits from a Premier Inn hotel and Lakeside Public House.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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