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Units 1-7, Upton Place, Weedon Road Upton Place, Weedon Road, Northampton, NN5 4DJ

11,530 sq ft
Units 1-7, Upton Place, Weedon Road, Northampton - Picture 2022-01-27-11-33-31
Use Class

Use Class




11,530 sq ft

Rent pa

Rent pa





For Sale - Freehold Neighbourhood Parade and Residential Ground Rents Investment Opportunity

Upton Place convenience centre is part of a larger residential development scheme with schools and medical facilities creating a new urban village on a total site area of 14.8 acres. It forms the beginning of the new Urban Boulevard into Northampton from the west and creates a ‘gateway’ into the site. The convenience centre comprises 7 retail units totalling 11,530 sq. ft with customer parking. It benefits from a sustainable tenant mix of a Domino’s Pizza, Connells Estate Agent, Indigo Sun (having 100 branches), a Fish & Chip Takeaway and Restaurant and is anchored by

Co-op Food at a low rent per sq.ft. of just £11.36.

  • Commercial Rental income of £202,155

  • Residential ground rent income of £3,200 pa

  • Total income £205,355 pa

  • Price: Seeking offers in excess of £3,000,000 subject to contract and exclusive of VAT

  • Net initial yield: 6.43% after allowing for purchaser's costs of 6.45%

  • Upton Place neighbourhood shopping parade provides 7 retail units anchored by Co-Op Convenience Store and 32 Residential Ground Rents

  • Situated fronting the A4500 an arterial route into Northampton from J16 of M1

  • The wider development provides over 300 new homes, a school and medical facilities creating an urban village on the edge of Northampton

  • Fully let to 7 tenants including national operators Co-op, Domino's and Indigo Sun

Northampton is located in the heart of the UK and is well connected to the national motorway network being directly alongside the M1 and benefiting from 3 motorway junctions, 15, 15A and 16. Excellent rail connections to London Euston (56 mins) and Birmingham New Street (66 mins) and being part of the West Coast Main Line network means not only links to the national rail network but that it is served by both Avanti West Coast Trains and London Northwestern Railway. Northampton is the UK’s second largest town and as of 2015 has a population of approximately 220,000. Northamptonshire’s population growth is at a higher rate (6%) than that of the UK (4.6%). The town is home to a number of significant financial and insurance firms such as Barclaycard, Nationwide and HSBC. Business services firms such as Shoosmiths solicitors, Grant Thornton and Haines Watts also form a strong presence. Upton Place convenience centre is situated on Weedon Road 3 miles west of Northampton town centre, adjacent to the main arterial A4500 trunk road and occupies a prominent roadside location. Nearby occupiers include Boots, Sainsburys, M&S and Next with Sixfields Retail and Leisure Park also nearby. Upton itself is a substantial urban extension which began in 2001 and has been identified as a national exemplar of urban planning. Offering over 1,000 new homes in total, Upton Place stands within the final two sites completed.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 22/07/2022