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Norton Property Investments sell Unit 13 at Brooklands Court to Tripal International

Added > 26/03/2019

Norton Property Investments Ltd which recently acquired six office units, formerly owned by Carillion, at Brooklands Court on Kettering Venture Park, has sold one of the units to a Northamptonshire based international safety shoe manufacturer.
Tripal International Ltd has acquired the freehold of the 1,747 sq ft Unit 13 for £282,000 from NPI (Kettering) Ltd, a wholly owned subsidiary of Norton Property Investments Ltd.
Tripal acquired the property as an investment with the benefit of income on the ground floor and a vacant upper floor.
Norton acquired Brooklands Court for £1.45m, its largest deal to date, providing a combined total of 13,686 sq ft with an initial net yield of 9.95%.
Norton managing director Ben Spickernell said they were pleased to have concluded a deal with Tripal Group who were a pleasure to deal with throughout.
“This sale which follows the prior sale to Haines Watts of Unit 1, is proof positive that our decision to invest in Brooklands Court was the right one. The office market in the Kettering area is constrained and that is helping drive occupier and investor interest in Brooklands Court.”
Norton Property Investments Ltd was founded in 2009 by managing director Ben Spickernell who, together with his co-director and brother Tom, is driving the company’s growth as investors in UK regional town and cities. Norton continues to source and deliver new opportunities and project manages refurbishments and redevelopments.
Prop-Search acted as agents for NPI (Kettering) Ltd who were advised Emms Gilmore Liberson Solicitors. Tollers Solicitors acted for Tripal International Ltd.
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