Commercial Property - Industrial - Warehousing - SMALL INDUSTRIAL INVESTMENT FOR SALE

A RARE OPPORTUNITY TO ACQUIRE A SMALL INDIVIDUAL INDUSTRIAL UNIT
INCOME-PRODUCING PROPERTY INVESTMENT IDEAL FOR SIPP
PRESENT INCOME OF £8,650 PER ANNUM
REVERSIONARY RENTAL INCOME
STRONG OCCUPIER DEMAND
QUALIFYING SIZE FOR 100% SMALL BUSINESS RATES RELIEF
NO VAT PAYABLE ON THE SALE
POTENTIAL TO OWNER OCCUPY IN THE FUTURE
THE PROPERTY IS AVAILABLE TO PURCHASE SUBJECT TO THE EXISTING OCCUPATIONAL LEASE, AT AN ASKING PRICE OF £165,000 EXCLUSIVE
Location: 

The property is well located within the Bunting Road development, a popular industrial estate approximately 1 mile away from Northampton Town Centre.

Northampton is one of England’s fastest growing towns with a present population of 225,000 and is the strategic location for many national organisations as their central hub for business. Northampton has excellent rail and road communications, with hourly train services to London and road links to the M1 at Junctions 15, 15a & 16 and additionally to the A14 in the North.

Description: 

The property comprises of a mid-terrace industrial/warehouse unit, of steel portal frame construction underneath a pitched asbestos roof, with part brick and profile steel clad elevations. The unit benefits from a single roller shutter door. W.C and Kitchenette facilities are provided.

Tenancy: 
Tenant Lease start Lease expiry Rent (pa) Repairs Notes

MPG Autos Limited

 27/09/2017 26/09/2022 £8,650 FRI lease subject to photographic schedule of condition Outside Landlord and Tenant Act 1954

Unit 4 Kingsthorpe South Industrial Park, which is within the same terrace block of properties, has recently been let at £13,000 per annum exclusive, indicating the investment is highly reversionary with scope for rental increases.

Accommodation: 

Gross Internal Area: 113.8 sq. m / 1,225 sq. ft

 

Rates: 

Tenants responsibility

Terms: 

The property is available to purchase, subject to the occupational lease at an asking price of £165,000 exclusive.

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: 
Kingsthorpe South Industrial Park