Commercial Property - Investment - INDUSTRIAL INVESTMENT

A RARE OPPORTUNITY TO ACQUIRE A SMALL INDIVIDUAL INDUSTRIAL UNIT
INCOME-PRODUCING PROPERTY INVESTMENT IDEAL FOR SIPP
1,319 FT² (122.5 M²)
PRESENT INCOME £13,000 PER ANNUM
REVERSIONARY RENTAL INCREASE POTENTIAL
STRONG OCCUPIER DEMAND
QUALIFYING SIZE FOR 100% SMALL BUSINESS RATES RELIEF
NO VAT PAYABLE ON SALE
FOR SALE AT AN ASKING PRICE OF £185,000 EXCLUSIVE FOR THE LONG LEASEHOLD INTEREST SUBJECT TO THE EXISITING OCCUPATIONAL TENANCY
Location: 

With a population in excess of 220,000, Northampton is one of the UK’s largest towns. It is an established industrial centre, being strategically located at the heart of the “golden triangle” with M1 motorway access at Junctions 15, 15A and 16. Northampton railway station provides regular direct train services to London Euston and Birmingham New Street with journey times of 46 minutes and 1 hour respectively.

Upper Priory Street is located on the Grafton Street Industrial Estate just off the A428 Grafton Street on Northampton’s inner ring road system. Northampton town centre is approximately 0.75 miles away and the M1 Motorway 5 miles

Description: 

Comprising a mid-terrace industrial unit within a small courtyard development constructed in the early 1980’s. The unit offers clear space and minimum head room of 4.5 metres to eaves. The unit also benefits from a single roller shutter door and 2 allocated parking spaces within the walled courtyard. Due to a restricted supply of small industrial units in Northampton, particularly with easy access to the town centre, occupier demand is high.

Tenancy: 
Tenant Lease Start Lease Expiry Rent (pa) Repairs Notes
Northants Interior
Flooring & More
Ltd		 30/06/2023 29/06/2028 £13,000 Tenant’s
Responsibility		 5-year lease
Rent review – 3 rd anniversary of the term
(upwards only to market rent)
(Outside L&T Act)

The above rent could be deemed as being reversionary, providing scope for rental increase for the
upcoming rent review. Please note, prospective purchasers will need to take independent advice on this
and satisfy themselves on any potential rent increases.

Accommodation: 

Gross Internal Area: 122.5 sq. m (1,319 sq. ft)

 

Rates: 

Tenants responsibility 

Terms: 

The long leasehold interest is available to purchase at an asking price of £185,000 exclusive. A service charge as a contribution to the upkeep of common areas is payable and is passed onto the occupier. The purchaser will also be transferred a share of the management company.

VAT: 

All figures quoted are exclusive of any VAT that the vendor/landlord may have a duty or choose to impose.

Legal Costs: 

Each party shall bear their own legal costs involved in the transaction.

Viewing: 

Strictly by appointment through the Sole Agents: HADLAND CHARTERED SURVEYORS TEL: 01604 639657

Sub Location: 
GRAFTON ST