Unit 1 - 9, Home Farm Building, NN12

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Key Points

Summary

Fully let multi-let industrial investment for sale. Offers invited in excess of £875,000 (9.89% Gross Yield)

Description

A steel portal frame building of part block, part steel profile sheet under a fibre cement sheet roof. There are multiple steel roller shutter door and steel personnel door and concrete floor. There is an area of parking on concrete hardstanding around the perimeter of the building and along the western site boundary. Internally the original open area has been sub-divided to create nine self-contained units, each with independent access.

Mains water and electricity are connected but are not separated and the buyer will administer the apportionment of utilities and, building insurance on a sq ft pro-rata basis. All tenants contribute towards the upkeep of common parts by way of an additional service charge (full details available on request). There are Male and female shared WC facilities on septic tank drainage. The purchaser will contribute towards the costs of shared estate roadways and services used in common with the vendor’s retained estate. Services have not been tested.

Location

The property is located 10 miles to the north of Central Milton Keynes and 9 miles to the south of Northampton. Junction 15 of the M1 is approximately 4 miles to the north and the A5 is 5 miles to the south.

The surrounding area is generally agricultural in nature although on the site immediately adjacent are two further sets of commercial buildings.

Vehicular and pedestrian access is available from the A508 which is made up and an adopted highway. Parking is directly available to the front and side of the Property. The shared parts of the site are currently in the same ownership however if the disposal proceeds, all the necessary rights for access and services are to be granted for the building and land to properly function.

Availability_text

The accommodation comprises the following areas: