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Agent's details

New Build Commercial Parade Anchored by Co-op Foods

For sale: POA|11,530 Sq Ft|Residential, Retail

Property details

FOR SALEPOA
SIZE11,530 Sq Ft
ADDRESSUnits 1-7, Upton Place, Weedon Road, Northampton, NN5 4DJ
TYPEResidential, Retail
TENUREFor Sale Freehold
POSTED ON26th January 2022

Description

- Upton Place convenience centre forms a terrace of 7 retail units totalling 11,530 sq. ft. anchored by Co-Op Group Food Ltd.
- The new development occupies a strategic roadside location at the gateway into Northampton on the A4500 and 3 miles from J16 of M1.
- Nearby retailers include M&S, Argos, Sainsburys, Next and Boots.
- Part of a larger development which includes over 300 new homes, new school and medical facilities creating an urban village on the edge of Northampton.
- Let to 7 tenants with a projected WAULT in excess of 10 years
- Rental income of £202,155 per annum with an average rent of £17.53 per sq. ft.
- Residential ground rent income of £3,200 p.a.
- Total income £205,355 p.a.

Location

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Location: Units 1-7, Upton Place, Weedon Road, Northampton, NN5 4DJ

Northampton (1.7 miles)

Long Buckby (7.3 miles)

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