BP2015LP acquired Riverside House, a 60,000 sq ft iconic office building located on the Bedford Road in Northampton off market from LPA receivers for £4.5 million, in December 2016.
Riverside House is a five story building with two rectangular wings in an ‘L’ shape separated by a central service core. It is located less than a mile from the town centre and is next to Northampton’s Hospital. It has an excellant parking ratio and is close to Northampton railway station and easy access to J15 of the M1. The area is undergoing an exciting regeneration including the new £350m Northampton University campus which is due to open in September 2018.
The strategy is to refurbish Riverside House to bring it up to modern standards for the benefit of the current and future tenants. In addition, a planning application was submitted to build 400 student or nursing accommodation units on the land at the rear of Riverside House. Outline planning permission was granted in December 2017.