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SOLD STCM

7 Pond Wood Close, Northampton, Northamptonshire, NN3 6RT

Fixed Price
£1,000,000

£49.87 per sq. ft.

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE
20,053 sq. ft.
(1,863 sq. m.)
SECTOR
Light industrial facility for sale
USE CLASS
Use class orders: B2 General Industrial and B8 Storage and Distribution
B2, B8

Key features

  • Tenant has been in occupation for some 25 years
  • Let to Classic Cuisine of Northampton Limited
  • Comprising a total of 1,863 sq m (20,053 sq ft)
  • Well located close to the A45
  • Occupiers close by include Piroto Labelling, Dataforce and Spring Line, amongst other industrial traders.

Property description

Tenure: Freehold

Investment Consideration:
Gross Initial Yield: 7.90%
Rental Income: £79,000 p.a.
VAT is applicable to this property
Located within the established Moulton Park Industrial Estate
Let to Classic Cuisine of Northampton Limited
Tenant has been in occupation for some 25 years
Comprising a total of 1,863 sq m (20,053 sq ft)
Well located close to the A45
Occupiers close by include Piroto Labelling, Dataforce and Spring Line, amongst other industrial traders.

Property Description:
The property is arranged on ground and mezzanine floors providing a warehouse with ancillary accommodation, presently used by the tenant as a food processing building with refrigeration. The warehouse benefits from an eaves height of 4.57m and 11 roller shutter doors (some 7 of which are blocked with insulation panels). The property benefits from parking for 21 cars.

The property provides the following gross internal accommodation and dimensions:
Ground Floor: 1,635 sq m (17,599 sq ft)
Mezzanine: 228 sq m (2,454 sq ft)
Total: 1,863 sq m (20,053 sq ft)

Tenancy:
The entire property is at present let to CLASSIC CUISINE OF NORTHAMPTON LIMITED for a term of 5 years from 25th March 2018 at a current rent of £79,000 per annum. The lease contains full repairing and insuring covenants. Deposit held of £23,715.71. The tenant has been in occupation for some 25 years. Classic Cuisine is a family owned business which opened in 1990 as a specialist supplier of high quality frozen gourmet meals for food service. They have a number of accreditations and awards over the years.

Location:
Northampton is the county town of Northamptonshire and is a well established commercial centre lying approximately 65 miles north of London, 33 miles south of Leicester and 50 miles south-east of Birmingham and has a population in excess of 212,000. The town benefits from excellent road communications, with Junctions 15, 15A and 16 of the M1 Motorway providing access to London, Birmingham and the national motorway network. The A5076 is parallel to the property, which allows for good access to the A43.

Brochures

7 Pond Wood Close, Northampton, Northamptonshire, NN3 6RT

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Northampton Station3.2 miles

About Blue Alpine, London

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

Blue Alpine is a leading advisory company that helps clients around the world turn property into a path for growth. We plan and deliver solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. Together, we unlock potential. At Blue Alpine, we believe a comprehensive understanding of a client’s financial goals are key to helping them fulfil their investment expectations. By employing a transparent and consultative approach we can asse

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