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Blands Yard, Church Street, Stanwick, Northamptonshire, NN9

£175,000

£175.00 per sq ft

Business rates & charges may apply

Berrys Commercial, Kettering
SIZE AVAILABLE

1,000-5,000 sq ft

93-465 sq m

SECTOR

Light industrial facility for sale

Description

This semi detached unit has been family owned for many years and currently rented out to two separate tenants producing an income of circa £10,000 per annum with the potential to increase the rent to current market values at an ERV of circa £15,000 per annum in the agents opinion. Freehold available at an asking price of £175,000.

Location

The property is located off Church Street in the village of Stanwick within a small courtyard comprising Acorn Childcare and All Electric Northants. Local shops and amenites are nearby and road links to the A45. Surrounding Villages and Towns include Raunds, Irthlingborough, Higham Ferrers and Rushden.

Description

The property forms part of a commercially let courtyard and provides a small forecourt area leading to two separate industrial units each with their own roller shutter door and personnel access. Both units have open planned workspace and are in need of some modernisation in parts.

Accommodation

The property has a gross internal area of: Unit 1-2a - 2,722 sq.ft (252.87 sq.m). Mezzanine of 886 sq.ft (82.03 sq.m). Unit 2b - 1,798 sq.ft (167.03 sq.m)

Terms

The freehold is available to buy with a guide price of £175,000.

Tenancies

The property is let on two tenancy agreements as set out below: • A lease to a private individual trading as Chapmans Classic Panels was agreed and singed in 2011 for a term of 10 years. The tenant was holding over until January 2025 when a yearly rolling rental agreement at £6,000 per annum was agreed. • An agreement to a private individual from November 2023 for a term of 5 years at £4,008 per annum. The property produces an annual income of £10,008 per annum.

Services

We understand that the units have separate electricity meters. Mains water and drainage is available within Unit 1/2A. Gas is on site but not connected. Services have not been tested by the agent.

Business Rates

Any party should check with the local authority of the amounts payable.

ID Checks

Upon terms being agreed the proposed purchaser will need to comply with Anti Money Laundering procedures in the form of ID checks.

Legal Costs

Each party are to bear their own legal costs incurred during the transaction.

VAT

VAT is applicable to the sale and all quoting figures.

EPC

The two units have separate EPC’s which are available upon request.

Brochures

Blands Yard, Church Street, Stanwick, Northamptonshire, NN9

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Wellingborough Station5.2 miles

About Berrys Commercial, Kettering

42 Headlands, Kettering, NN15 7HR

Our commercial team provides national coverage across a wide range of property and business disciplines.

By combining the technical knowledge of our building consultancy and lease advisory teams with the market expertise and local contacts of our commercial sales and lettings professionals, we are able to provide strategic, knowledgeable advice for you and your commercial property.

Contact us today to see how we can help you maximise your asset.

Notes

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Disclaimer - Property reference KRL250023. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Berrys Commercial, Kettering. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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