Summary - Pyramid Close, Northampton, NN3 8DP NN3 8DP
1 bed 1 bath Office
Rare redevelopment or income opportunity on a 1.75-acre plot near major road links.
- 1.75-acre site with 142 secured car spaces
- 4-storey HQ building totalling c.32,000 sq ft
- Mix of open-plan, cellular offices and showroom space
- Direct access to A43/A45; strong road connectivity
- Held on lease with c.50 years unexpired (mortgage risk)
- Ground rent £54,400 pa; reviews apply (next 2032)
- Two passenger lifts, only one currently in service
- Located in area of high crime and very high deprivation
A substantial four-storey headquarters building set on a 1.75-acre site, offering 142 secured car spaces and direct access from Pyramid Close. The layout includes reception, mix of open-plan and cellular offices, client showroom/demonstration space, boardroom, staff canteen and lower-ground goods/IT areas. Vehicular access and proximity to the A43/A45 make the site well positioned for continued office use or operational occupiers.
The property suits owner-occupiers, investors or developers. There is clear potential for refurbishment to modern standards or alternative uses subject to planning (STP). The secure barrier-controlled car park and substantial site area are strong value drivers for businesses needing large parking ratios or for redevelopment schemes that require space.
Buyers must note significant legal and financial constraints: the long leasehold has only c.50 years unexpired (held on a 99-year ground lease from 1976) and the current ground rent is £54,400 pa, reviewed periodically. Many mortgage lenders decline lending on short-remaining leases, which will limit traditional mortgage finance options. Operational issues include two passenger lifts of which only one is currently in service.
The asset sits in an urban, mixed-use location with nearby retail, leisure and healthcare amenities within walking distance and strong road links to the M1. The surrounding area records high crime and very high deprivation indices — factors to weigh for occupier appeal or sensitive residential change of use proposals. Proposals for the leasehold residue or freehold interest with vacant possession are invited.
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