Diversified Freehold Commercial Property Opportunity with Four Complementary Income Streams
£1,600,000
£800,000
£330,000
Overview
Freehold
2004
- Excellent Reputation
- Friendly & Professional Team
- Very Loyal Customer Base
- Huge Growth Potential
- Spacious Premises
A diversified freehold commercial property and trading opportunity combining flexible office accommodation, destination retail, hospitality and events within a single site. Income is generated from 24 private offices, trader-space rentals, a tea room and a growing function/events operation. Customers include sole traders, start-ups, SMEs, charities, shoppers, local visitors and private and corporate event customers.
Business Highlights
• Operation has consistently been profitable
• Freehold property forms part of the proposed transaction
• 24 private offices generating recurring rental income
• Flexible office licences, typically moving onto rolling arrangements
• Destination retail operation with 100+ independent traders across approximately 5,000 sq ft
• Events operation hosting around 90 functions annually
• 50+ cover tea room supporting the wider destination offering
• Established Facebook, Instagram and email marketing channels
• Mailchimp database of approximately 2,000 contacts
• Free on-site parking and strong public-transport accessibility
• Multiple complementary revenue streams create significant cross-selling potential
• Vendor-estimated freehold value of approximately £500,000
This represents an attractive opportunity for a property investor or entrepreneurial operator seeking a freehold-backed acquisition with diversified recurring and trading income, established customer footfall and several clear avenues for further development.
Operating from a freehold town-centre property in Northampton, the site spans four levels and includes 24 offices, c.5,000 sq ft of vintage/collectables retail space, a 50+ cover tea room and two function areas. The main events venue has a separate entrance and is licensed for up to 499 guests, with stage, dressing room, mezzanine balcony, bar and storage. Parking is available for 14 vehicles and the railway station is around two minutes away.
Nine staff support the retail, tea room and events operations; one additional office employee is not expected to remain. The proposed sale includes the freehold, office rental income and goodwill/assets of the three trading operations; the property company itself is excluded.
There is scope to increase office and trader-space occupancy, grow tea room spend and further develop the events operation, which already hosts around 90 events annually.
More proactive digital marketing, stronger Facebook and Instagram activity and better segmentation of the c.2,000-contact Mailchimp database could support all four income streams. Further opportunities include increased private and corporate function hire, themed entertainment and greater cross-promotion between the offices, retail, hospitality and events activities.
Coordinated purchasing, staffing and marketing could also improve efficiencies, while elements of the diversified property model may offer replication potential at other suitable locations.
Features
Key Information
- Property Type: Office
Online Presence
Location
- City Centre Location
- Close to Local Businesses
- On-Site Car Parking
- Good Transport Links
- Limited Competition
Property
Financial & More
(Exclusive of Asking Price)