Acting on behalf of the owners of 8 Billing Road Northampton (private investors), Drake Commercial have sold the freehold interest in this former office building for a price in excess of £400,000.
The freehold sale was linked to the simultaneous surrender of the existing lease for an undisclosed premium. TDB Real Estate acted for the outgoing tenant, Bidwells and introduced the purchaser Tier 7 Developments Ltd.
The property comprises 3,169 sq ft of net internal floor space and the new owners are intending to redevelop the building to form 8 residential apartments.
The property was original built approximately 140 years ago as a single dwelling house and so the conversion back to residential, means that the building has gone full circle. Denmark House is well known to Drake Commercial of course, having occupied the property themselves before the previous merger with Bidwells back in 2003.
Tony Drake – January 2018.