nene park

Commercial Investment

There is little chance of a quick return to a housing boom despite the possibility of UK prices rising over the course of the year, surveyors say.

NENE PARK

Introduction

Nene Park is a production/warehousing facility surrounded by beautiful British countryside.

The RP Partnership purchased the site after the Dr Martins shoes moved their production abroad.

The site has since undergone a huge refurbishment and as a result The RP Partnership have successfully turned a empty building into a self managing business park.

Nene Park now offers its clients one of Northamptonshires premier business venues, providing three high specification warehouses and a large selection of unserviced and fully serviced offices all sitting on a vastly underdeveloped 11 acre plot (planning permissions pending).

This information pack has been designed to give you a over view of Nene Park and the benefits it could provide you and your business.

VALUE

Expenditure on refurbishments by the RP Partnership totals approximately £1.5m. CBRE have valued Nene Park at £13.6 million (see development potential section for more information).

RATING

We would advise any interested parties to undertake their own investigations in respect of the Rating Assessment, and they should contact East Northamptonshire District Council on 01832 742000.

SERVICES

We have been informed that all mains services are connected to the property, including 3-phase power and gas.

Interested parties should make their own enquiries with the relevant utility providers regarding the suitability of these supplies for their own purposes.

PLANNING

The premises have the benefit of existing planning consents for their use as a manufacturing and warehousing facility, with associated offices, falling within Classes BI, B2 and B8 of the current Use Classes Order. Prospective tenants/purchasers should satisfy themselves with regards to their proposed use by contacting East Northamptonshire District Council on 01832 742000.

VAT

All figures quoted are exclusive of VAT, and the prospective tenant/purchaser will be responsible for the payment of any VAT that the landlord/vendor chooses or has a duty to impose.

Investment Summary

Waterside House Business Centre

Waterside House Business Centre occupies the most prominent position on the site and is capable of being the operating headquarters to over 25 different businesses.

The offices here only offer two unserviced office areas, the Studio Suite and Heron Suite Office 4.

The rest of the office space operates on a fully serviced basis.

By taking serviced office space tenants get the following inclusive in their rent cost: -

- Fully furnished luxury office space

- Rent and Rates. - Service charges and building security. - Utilities: electricity, heating and water. - Twice weekly cleaning service.

- A prestigious business address. - A welcoming reception area. - Full reception support. - Access to meeting rooms and seminar suite (2 hours free per month). - Access to canteen and business lounge. - Advanced phone system, receptionist answering service, automated answering or by yourself. - Voicemail (with remote access). - Gigabit ethernet networking for your office. - 8Mbs Broadband internet access. - WiFi internet access throughout the complex. - Full print, fax and photocopying service. - Full onsite catering, coffee, tea and meal services. - Access to kitchen facilities. - Air-conditioning. - 24 hour access/7 days a week.

The idea behind the serviced office space is to offer tenants a one bill solution and office space with all the essentials taken care of for them.

Location

Nene Park once fell under the ownership of the R.Griggs Group and was the home of Dr. Martins shoes and one of the largest shoe manufacturers in the United Kingdom.

Most of the site including the football ground underwent a huge redevelopment in 1992, this involved new offices being built along with the construction of Warehouses A and B.

Throughout the 1980’s and early 1990’s Dr.Martins shoes enjoyed a popular and profitable existence and because of this the constructed warehouses, offices and the football stadium were all built to a very high specification.

As Dr. Martins popularity declined though the late 1990’s and early 2000’s R.Griggs Group moved all production to The Peoples Republic of China, however the stamp of quality the company bought to the site remains to this day.