Commercial Property - Investment - 4-UNIT INDUSTRIAL SCHEME

A COURTYARD OF 4 INDUSTRIAL UNITS
0.75 ACRE GATED SITE
FULLY TENANTED
PRESENTLY GENERATING £96,250 PER ANNUM EXCLUSIVE
MOST RECENT LETTING SIGNIFICANTLY ABOVE THE CURRENT PASSING RENTS
RENTAL GROWTH POTENTIAL AT REVERSIONS
FREEHOLD FOR SALE SUBJECT TO THE EXISTING LEASES OFFERS SOUGHT IN EXCESS OF £1,550,000 + VAT
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.

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: 
Unit Size Tenant Lease terms EPC
1 337.5 m² / 3632 ft²
Plus 6 Car Spaces		 Support
Direct Limited
With David
Prew as
guarantor		 5 years
01/07/21 Exp 30/06/26
FRI without Schedule
(Inside L&T Act)
Tenant Break Clause At
any time during yr. 1&2
and also on 01/01/25.
6 months prior notice.		 TBC
Was C
(63)
2 277.8 m² / 2990 ft²
Plus 5 Car Spaces
Note: Includes 388ft
tenant mezzanine)		 Homeland
Florists
Limited
With Ms L
Hutchings as
guarantor		 5 years
05/03/15 Exp 04/03/20
(Holding over)
FRI without Schedule
(Inside L&T Act)
Tenant Break Clause
05/09/16 and 05/03/18
with 6 months prior
notice.		 TBC
Was D
(77)
3 277.8 m² / 2990 ft²
Plus 5 Car Spaces
Note: Includes 388ft
tenant mezzanine)		 Under The
Bonnet
Limited		 6 years
01/11/2023 Exp
31/10/29
FRI without Schedule
(Inside L&T Act)		 TBC
Was C
(60)
4 390.8 m² / 4206 ft²
Plus 9 Car Spaces		 Motamec Ltd
With Personal
guarantee		 6 years from 20/06/2024
FRI
(Outside L & T Act)		 D (92)
Total 1,278.8 m² / 13765 ft²      

 

Accommodation: 

Gross Internal Area: 1,278.8 m² / 13765 ft²

 

Rates: 

Tenants responsibility

Terms: 

FREEHOLD FOR SALE SUBJECT TO THE EXISTING LEASES OFFERS SOUGHT IN EXCESS OF £1,550,000 + VAT

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: 
Moulton Park