Property photos
£675,000
(£132.80/sq. ft)
Office for sale
Cottingham Road, Corby NN175,083 sq. ft
Local area information
Property location
Nearby amenities
- Corby Technical School 0.1 miles
- Corby 0.1 miles
- Corby Old Village Primary School 0.3 miles
- Kettering 6.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Corby to find out more about the local area.
Features and description
- Fully Let Office Investment For Sale
- Let to Tollers llp a leading Regional Law Firm
- Adjacent to the Corby Railway Station Development
- Connected Air Conditioned Offices
- Business not affected by the sale
Location
Exchange Court is a modern office development located over the bridge from Corby Railway Station. Work on the Town Centre to Train Station Link is due to complete in the Spring of 2025 providing an attractive and safe pedestrian/cycle connection between the two hubs.
Corby is a major growth area being one of the fastest growing towns in the UK and named as the fastest growing borough outside of London. The aim is to increase the 2021 Census population of 75,500 to around 110,000. Corby benefits from rapid road communications on the A14 A1-M1 dual carriageway, with local access at both Kettering and Thrapston, as well as the adjoining railway station with a London St Pancras main line service.
Description
The detached 2 storey office known as 2 Exchange Court was built around 2006. Originally designed to be two semi detached offices, the property has been occupied as one by Tollers, a leading Regional Law Firm, since completion.
Designed with tinted double glazed windows, suspended ceilings and heating. Daiken Air conditioning units have been installed to the main open plan working areas and most of the individual partitioned offices and meeting rooms. There are separate entrance lobbies with internal security shutters and associated toilet facilities within the ground floor service core, each with stairs to the first floor office.
The ground floor of 2B has been partitioned to form the main public reception with 3 adjoining meeting rooms, post room, private office and server room. The ground floor of 2A is largely open plan working with a fitted staff kitchen and amenity area.
The first floor is one large open plan working area with 3 partitioned private offices within 2A.
Outside there are 6 visitor and disabled spaces immediately in front of the building and rights to use an additional 18 car parking spaces in the adjacent parking bay giving 24 in total.
The approximate net area, excluding toilets etc. Is 5.083 sq ft.
Ground Floor 225.85 m2 2,431 sq ft
First Floor 246.40 m2 2,652 sq ft
Total 472.25 m2 5,083 sq ft
The Energy Performance Asset Rating is within Band C.
Lease
The whole property is let to Tollers llp on a lease to March 2026. Tollers have been in occupation since new. The current rent is £47,500 pa. The investment sale is subject to this lease; the tenants business being unaffected.
According to Companies House, for the year ending March 2023 Tollers llp had net assets of £2,382,743 and £547,367 cash at bank and in hand generated by 68 fee earners and a total staff of 135.
“Founded in 1877, Tollers has grown to become a leading Regional Law Firm, with 6 offices and a geographic footprint throughout the South and East Midlands.”
Tenure
The long lease investment is available for sale at £675,000. Held on the residue of a 999 year lease from 2006 at a fixed ground rent of £200 pa. Further details are available on request.
Viewing and further information
Strictly by appointment with the Agent
David Walker Commercial
9 Rushton Road
Wilbarston
Market Harborough LE16 8QL
Exchange Court is a modern office development located over the bridge from Corby Railway Station. Work on the Town Centre to Train Station Link is due to complete in the Spring of 2025 providing an attractive and safe pedestrian/cycle connection between the two hubs.
Corby is a major growth area being one of the fastest growing towns in the UK and named as the fastest growing borough outside of London. The aim is to increase the 2021 Census population of 75,500 to around 110,000. Corby benefits from rapid road communications on the A14 A1-M1 dual carriageway, with local access at both Kettering and Thrapston, as well as the adjoining railway station with a London St Pancras main line service.
Description
The detached 2 storey office known as 2 Exchange Court was built around 2006. Originally designed to be two semi detached offices, the property has been occupied as one by Tollers, a leading Regional Law Firm, since completion.
Designed with tinted double glazed windows, suspended ceilings and heating. Daiken Air conditioning units have been installed to the main open plan working areas and most of the individual partitioned offices and meeting rooms. There are separate entrance lobbies with internal security shutters and associated toilet facilities within the ground floor service core, each with stairs to the first floor office.
The ground floor of 2B has been partitioned to form the main public reception with 3 adjoining meeting rooms, post room, private office and server room. The ground floor of 2A is largely open plan working with a fitted staff kitchen and amenity area.
The first floor is one large open plan working area with 3 partitioned private offices within 2A.
Outside there are 6 visitor and disabled spaces immediately in front of the building and rights to use an additional 18 car parking spaces in the adjacent parking bay giving 24 in total.
The approximate net area, excluding toilets etc. Is 5.083 sq ft.
Ground Floor 225.85 m2 2,431 sq ft
First Floor 246.40 m2 2,652 sq ft
Total 472.25 m2 5,083 sq ft
The Energy Performance Asset Rating is within Band C.
Lease
The whole property is let to Tollers llp on a lease to March 2026. Tollers have been in occupation since new. The current rent is £47,500 pa. The investment sale is subject to this lease; the tenants business being unaffected.
According to Companies House, for the year ending March 2023 Tollers llp had net assets of £2,382,743 and £547,367 cash at bank and in hand generated by 68 fee earners and a total staff of 135.
“Founded in 1877, Tollers has grown to become a leading Regional Law Firm, with 6 offices and a geographic footprint throughout the South and East Midlands.”
Tenure
The long lease investment is available for sale at £675,000. Held on the residue of a 999 year lease from 2006 at a fixed ground rent of £200 pa. Further details are available on request.
Viewing and further information
Strictly by appointment with the Agent
David Walker Commercial
9 Rushton Road
Wilbarston
Market Harborough LE16 8QL
Floor plans and tours
Floor plans (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
More information
Listed by
David Walker Commercial
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