Overview
- Industrial
Description
Location
LOCATION: Wellingborough is a market town located in North Northamptonshire. It is an established 'golden triangle' industrial location, strategically located off the A45 providing excellent connectivity to the national motorway network via the M1 Motorway (Junction 15 - 15 miles) and A14 (Junction 8 - 9 miles). Wellingborough also benefits from a mainline rail station offering an approximate 50-minute service to London St Pancras. Sanders Road is situated on the Finedon Road Industrial Estate a major commercial and business hub located approximately 1.5 miles north of Wellingborough town centre. Nearby occupiers include Weatherby's, Travis Perkins and Astraseal.
THE PROPERTY: Built of brick under a pitched tiled roof, the property benefits from a entrance reception, office areas and a meeting room. The remaining space is utilised as storage/production/workshop accommodation. Eaves height to the unit is approximately 2.55m (8'5"). The main production area is served by a roller shutter loading door measuring approximately 3m (9'10") wide and 2.29m (7'9") high. Internally, the unit benefits from LED lighting and is partially heated by wall mounted storage heaters. WC and kitchen facilities are also provided.
Total GIA: 1,814 sq ft (168.6 sq m)
Externally, the property stands on a good sized plot with parking and loading access at the front, and the potential for fencing off the site to create a secure compound.
TENANCY: The proeprty is currently let on a 5 year full repairing & insuring lease from 23rd December 2022 outside of the Landlord & Tenant Act 1954. The passing rent is £17,000 pax, rising to £18,000 pax from 23rd December 2026. The tenent, Nevitec, trades under Company Registration No: 07482611 (incorporated 5th January 2011) with a Moderate-Risk credit score (Creditsafe).
PROPOSAL: We are instructed to offer our client's freehold interest for sale at a guide price of £275,000. We understand VAT is not payable on the purchase price.
Summary
Key points
- FOR SALE: Industrial/Warehouse Investment Investment or Future Owner-Occupation
- Currently let until December 2027 and income producing
- 1,814 sq ft (336.49 sq m) industrial/warehouse unit
- Guide price of £275,000 - No VAT
Contact
prop-search.com
Tel: 01933 223300
Samantha Jones
samjones@prop-search.com
www.prop-search.com
EPC
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