Commercial Property - Investment - 4-UNIT INDUSTRIAL INVESTMENT OPPORTUNITY

A COURTYARD OF FOUR MODERN INDUSTRIAL UNITS
0.75 ACRE GATED SITE
FULLY TENANTED
GROSS INCOME PRESENTLY £68,896 PER ANNUM RISING TO £70,396 01/01/23
LOW PASSING RENTS OFFER SIGNIFICANT RENTAL GROWTH POTENTIAL
THE FREEHOLD INVESTMENT IS AVAILABLE SUBJECT TO THE EXISTING LEASES WITH OFFERS SOUGHT IN EXCESS OF £1,500,000 EXCLUSIVE
Location: 

Northampton is England’s second largest town with a population of 220,000. It’s central location at the heart of the motorway network (M1 junctions 15, 15a and 16) has resulted in many national organisations choosing it for their headquarters. Northampton Railway Station runs an hourly service to London Euston with a travel time of 56 minutes.

The property is located on Owl Close within Moulton Park Industrial Estate , 4 miles north of Northampton town centre. Moulton Park is one of Northampton‘s major employment areas. Nationwide Building Society and Greencore have headquarters on the estate. Junction 15 M1 motorway is 6 miles away and is accessed at via the A45. Kettering and Corby in the north are accessed via the A43. Northampton boasts one of the nation's most active industrial occupier markets, thanks to its location at the heart of the ‘golden triangle', which makes 90% of the UK population reachable within a four hour-drive time. Vacancies (currently 2.7%) sit near record lows and face little upward pressure from new supply

Description: 

Encon Court is accessed via a barrier to the highway off Owl Close. Comprising a four unit terrace block with vehicle loading and car parking on a self-contained 0.75 acre site.

Constructed in the mid-1990s in steel portal frame the units have an internal eaves height of 5.5 m. Elevations are part brick and part steel clad under a rolled eaves steel roof incorporating translucent panels.

Each of the unit benefits from its own 5m high loading door. Each unit has a pedestrian entrance foyer leading to office and toilet block. The offices have been enlarged internally to varying degrees to meet the specific needs of individual tenants and additional first floor mezzanines have also been added in some units.

Tenancy: 

Full tenancy schedule available upon request

Accommodation: 

 

 

Rates: 

Tenants responsibility

Terms: 

THE FREEHOLD INVESTMENT IS AVAILABLE SUBJECT TO THE EXISTING LEASES WITH OFFERS SOUGHT IN EXCESS OF £1,500,000 EXCLUSIVE

VAT: 

All figures quoted are exclusive of any VAT that the vendor 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: 
MOULTON PARK