A RARE OPPORTUNITY TO ACQUIRE A SMALL INDIVIDUAL INDUSTRIAL UNIT
INCOME-PRODUCING PROPERTY INVESTMENT IDEAL FOR SIPP
PRESENT INCOME £11,500 PER ANNUM
STRONG OCCUPIER DEMAND
QUALIFYING SIZE FOR 100% SMALL BUSINESS RATES RELIEF
NO VAT PAYABLE ON SALE
AVAILABLE TO PURCHASE - PRICE ON APPLICATION
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.
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.
A Full external redecoration is scheduled for March 2020
Tenant Lease start Lease expiry Rent (pa) Repairs Notes
One Stop DIY
Timber Merchants Ltd
12/12/2019 11/12/2024 £11,500 Tenants responsibility
5 year lease
Tenant break option after 3 years
Outside the Landlord and Tenant Act 1954
Ground floor 115 sq. m 1,238 sq ft
First floor 7.5 sq. m 81 sq. ft
Total 122.5 sq. m 1,319 sq. ft
The freehold interest is available to purchase - price on application. A service charge as a contribution to the upkeep of common areas is payable and is passed onto the occupier.
All figures quoted are exclusive of any VAT that the landlord may have a duty or choose to impose.
Each party shall bear their own legal costs involved in the transaction.