For sale: £5,250,000.00|96,970 Sq Ft|Industrial, Offices, Distribution Warehouse, General Industrial, Industrial Park, Light Industrial, Warehouse, Storage, Office
ADDRESSUnit 1, Station Works, Station Road, Long Buckby, Northampton, Northamptonshire, NN6 7PF
TYPEIndustrial, Offices, Distribution Warehouse, General Industrial, Industrial Park, Light Industrial, Warehouse, Storage, Office
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON27th June 2024
Description
A rare opportunity to acquire the freehold to three currently let industrial units with ancillary offices spanning 96,870sqft across a prominent 4.3 acre site in Long Buckby, with a rental income of £420,285.04pa.
The opportunity offers short term rental income with excellent future redevelopment and add value angles.
All units are of steel frame construction, with solid concrete floors and ground /dock level loading doors.
The Industrial sector is projected to continue to outperform the rest of Britain’s real estate investment market with the latest figures from RealFor predicting that UK industrial returns will strengthen to 8.4% per year over the next four years.
From June 2024, a 270 panel, battery supported solar PV system will offset 40% of the site’s energy usage.
A reversionary opportunity, with rental values for similar stock in the surrounding area reaching upwards of £6-£8 psf.
The purchase price reflects a low capital value of £54per square foot.
Location
Location:
Unit 1, Station Works, Station Road, Long Buckby, Northampton, Northamptonshire, NN6 7PFGBNorthamptonshireNN6 7PFStation Road
