Commercial Property - Industrial - Warehousing - INDUSTRIAL INVESTMENT OPPORTUNITY

A RARE OPPORTUNITY TO ACQUIRE A SMALL INDIVIDUAL INDUSTRIAL UNIT
INCOME-PRODUCING PROPERTY INVESTMENT IDEAL FOR SIPP
PRESENT INCOME £11,500 PER ANNUM
REVERSIONARY RENTAL INCREASE OPPORTUNITY
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
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. The present tenant operates the unit as a timber merchant.

Tenancy: 
TENANT LEASE START LEASE EXPIRY RENT (PA) REPAIRS NOTES
One Stop DIY Timber Merchants LTD 12/12/2019 11/12/2024 £11,500 Tenant's Responsibility 5-year lease tenant break after 3 years at £11,500 per annum (outside L&T Act)

 

Accommodation: 
Ground Floor 115.04 sq m (1,238 sq ft)
First Floor Office 7.5 sq m (81 sq ft)
TOTAL NET INTERNAL AREA 122.54 sq m (1,319 sq ft)
     

 

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 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: 
Priory South Industrial Park