Tuesday, 9 July 2019

The Commercial team at Howkins & Harrison Rugby are delighted to confirm the sale of the former Scott Tyres building in Kingsthorpe, Northampton as a commercial Premises Sale.

Acting on behalf of the Trustees, Howkins & Harrison Commercial Department were engaged to manage the sale of the former workshop and upper residential floors of the building, on the corner of Kingsthorpe Road and Knightley Road.

Despite significant local competition, Howkins & Harrison were awarded sole agent status on the building. Significant interest surrounded the building from potential developers, investors and retail operators.

Nigel Underwood, who managed the sale on behalf of Howkins & Harrison stated: ‘We are delighted to have completed the sale of this development opportunity in a prominent location in the busy Kingsthorpe suburb of Northampton on behalf of the Trustees. After significant negotiations with several interested parties, our clients were delighted with the final price achieved.’

Commercial Premises Sale

The sale has concluded despite marketplace unrest due to the continuing uncertainty surrounding the Brexit negotiations and the future of the UK in the European single market. Howkins & Harrison have a number of investors looking for development opportunities on their database within the east midlands and surrounding areas. There is a strong appetite for investment from speculators and developers alike. In addition, with the relaxation of planning laws for brown field sites and the conversion of buildings at the periphery of towns, demand from local, regional and national occupiers is increasing.

This particular building has been sold with options for industrial units on the ground floor and with an HMO (Houses of Multiple Occupancy) certification for the upper floors.  With demand from first-time buyers, town centre property and alternatives to more traditional new build houses on estates are an attractive proposition.

Howkins & Harrison have been supporting homeowners, landowners and landlords sice 1888. We offer total property, land and estate services to residential, commercial and rural clients.

If you are looking to buy, sell, let, rent, auction, extend, finance or develop your home, land or rural business, our experienced team is available to support and advise as well as offering professional services.

For any advice on the sale or purchase of Commercial property, planning or change of use permissions, please contact the Howkins & Harrison Commercial Rugby team on 01788 564678 to speak to Nigel Underwood or David Grove or via email: nigel.underwood@howkinsandharrison.co.uk or David.grove@howkinsandharrison.co.uk

By engaging Howkins & Harrison, our experienced team of residential and commercial estate agents, lettings agents, surveyors, planners, valuers and auctioneers will help you achieve your property, land and business ambitions.