Commercial Property - Industrial - Warehousing - FULLY LET INVESTMENT

4 UNIT MULTI LET INDUSTRIAL ESTATE LOCATED ON PRIME BRACKMILLS INDUSTRIAL ESTATE, NORTHAMPTON
HIGHLY REVERSIONARY WITH LATEST LETTING UNDERTAKEN AT £7.39 PER SQ FT
FULLY LET INVESTMENT WITH ANNUAL RENT OF £135,700
OFFERS SOUGHT IN EXCESS OF £1,825,000 (ONE MILLION, EIGHT HUNDRED AND TWENTY-FIVE THOUSAND POUNDS) REFLECTING A NET INITIAL YIELD OF 7% ALLOWING FOR PURCHASERS COSTS OF 6.22%
Location: 

Northampton is one of the UK’s most established logistics centres, being strategically located at the heart of the “golden triangle” and immediately to the east of the M1 motorway.
Road connections in the area are excellent with the A43, A45, A508 and A428 all providing access to surrounding areas. Junctions 15, 15A and 16 of the M1 motorway are all easily accessible from Brackmills Industrial Estate providing access to the UK’s motorway network. The towns arterial route includes the A14 providing access to the east coast ports of Harwich and Felixstowe within 2.5 hours drive time.
Northampton railway station is situated 5 miles north west of the property, providing regular direct train services to London Euston and Birmingham New Street with journey times of 46 minutes and 1 hour respectively.
The property is located on Salthouse Road on Brackmills Industrial Estate, one of the premier industrial estates in the region. Brackmills Industrial Estate comprises a 750 acre business park and is home to over 140 businesses and in excess of 11,500 employees. Notable occupiers on the estate include, Dascher, Stanley Black and Decker, Clipper Logistics, Travis Perkins, Barclaycard and John Lewis. There is also a good level of amenities close by with Greggs, Subway and Costa Coffee located on Brackmills.

Description: 

Cornwell Business Park comprises a multi let terrace of 4 industrial units of steel portal frame construction with part brick and part metal clad elevations under pitched roofs. The units provide a mixture of clear span and undercroft warehouse space along with modern open plan office space.
Each unit benefits from a minimum eaves height of 6.4m rising to 7.6m. Each unit also benefits from a single roller shutter door with designated loading to each unit.
The property is arranged in a single terrace with extensive parking and loading areas to the front of the premises.

Tenancy: 

PROVIDED UPON REQUEST

Accommodation: 
UNIT SQ FT SQ M
35 5,411 502
37 5,416 503
39 5,419 503
41 5,425 504
TOTAL 21,671 2,012

 

Rates: 

35 Cornwell Business Park – RV £23,750
37 Cornwell Business Park – RV £25,500
39 Cornwell Business Park – RV £25,750
41 Cornwell Business Park – RV £22,000

Terms: 

We are instructed to seek offers in excess of £1,825,000 (One Million, Eight Hundred and Twenty Five Thousand Pounds) reflecting an NIY of 7% (subject to contract and exclusive of VAT) allowing for purchasers costs of 6.22%.

VAT: 

All figures quoted are exclusive of any VAT that the 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 Joint Agents: HADLAND CHARTERED SURVEYORS TEL: 01604 639657 or Drake Commercial Tel: 01604 620616

Sub Location: 
BRACKMILLS