18 Victoria Street, Kettering, NN16 0QZ

Overview

Description

Location

LOCATION: Kettering sits within the county of Northamptonshire which has experienced some of the biggest population growth in the UK over the last 20 years with an estimated 30% increase across the county. Kettering currently has a population of approximately 61,000.

Kettering is located within the Golden Triangle approximately 16 miles (25.7 km) north east of Northampton, 28 miles (45 km) south east of Leicester and 32 miles (51.5 km) south west of Peterborough. Kettering benefits from excellent road communications, being adjacent to the A14 / A43 trunk road intersection, providing direct access to the A1M (25 miles to the east) and the M1 (J19) / M6 motorways (19 miles to the west).

Victoria Street is located on the edge of the town centre and forms part of the one-way system.

THE PROPERTY: The detached property occupies a site of some 0.18 acres (0.07 hectares) which provides for loading/parking and comprises 3,622 sq ft. The warehouse unit of 2,511 sq ft is of steel frame block construction with a mono pitch roof incorporating roof lights and concrete floor. The accommodation features a minimum eaves height of 5m rising to 7m at apex. The manual roller shutter door is 5.4m wide by 3.3m wide. Part of the trade counter area, offices and staff facilities (separate male and female wc's and kitchen area) has a flat felted roof with light wells - this area comprises 1,111 sq ft.

INVESTMENT: The unit is let to Rexel UK Limited on a 10 year Full Repairing & Insuring lease from 15th April 2018, at the passing rent of £20,000 pax. Rexel UK Limited trades under Company Registration No: 00434724 and has been in occupation since March 2003. Low-Risk credit score (Creditsafe)

PROPOSAL
We are instructed to offer our client's freehold interest for sale at a guide price of £325,000 exclusive of VAT, subject to contract. The sale could be treated as a TOGC.