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AGENT'S DETAILS


Northampton Industrial Investment | For Sale

For sale: £3,400,000.00|47164 Sq Ft|General Industrial, Warehouse, Industrial

PROPERTY DETAILS

FOR SALE£3,400,000.00
SIZE47164 Sq Ft
ADDRESSLeo House, Ross Road, Northampton NN5 5AX
TYPEGeneral Industrial, Warehouse, Industrial
TENUREInvestment Opportunity
POSTED ON5th November 2020

DESCRIPTION

Northampton Industrial Investment | For Sale | 47,164 sq ft (4,381.6 sq m)

- Excellently located within a 5 minute drive time of Junctions 15A and 16 of the M1 motorway and in close proximity to the Sixfields Retail and Leisure Park and the St James Mill Road trade counter area.
- Rent of £272,500pa just agreed on review in August 2020.
- The Tenant, Dynamic Office Seating have been in occupation for circa 13 years and have recently signed a reversionary lease.
- The lease benefits from approximately 5.75 years unexpired with one further rent review in August 2022.
- The tenant has an exemplary record of never missing a rental payment in 13 years, including throughout the coronavirus pandemic.

Quoting Price £3,400,000

Net Initial Yield 7.53% assuming normal purchasers’ costs

LOCATION

Location: Leo House, Ross Road, Northampton NN5 5AX

Northampton (0.8 miles)

Long Buckby (8.0 miles)

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