1. Realla
  2. Commercial property for sale
  3. Northampton

Multi let small unit industrial investme, Northampton

under offer

Northampton Core Portfolio property for sale in a portfolio

£800,000 4,900 sq ft

Hadland Chartered Surveyors
Status
Under offer
Highlights
  • Asset management opportunities (outstanding lease events)
  • Scope to increase rental income
  • Located in popular industrial estates close to Northampton Town Centre
Property type

Portfolio property for sale in a portfolio

Full address
Northampton – Northampton
Asking price
£800,000
Available space range
There are 2 spaces available. These measure 9,996 sq ft. The total availability is 19,992 sq ft.
Brochure
Download the brochure

2 portfolio properties for sale

Portfolio property 4072407 - Industrial Available

9,996 sq ft, £80.03 per sq ft, available now

Address Bunting Rd, Northampton, Northamptonshire, NN2 6EE, GB
Property Type Industrial
Size 9,996 sq ft
Price £800,000
Price per unit £80.03 per sq ft
  • All eight units are owned on 999-year leases from the early 1980’s at an annual peppercorn rent plus a service charge as a contribution to the upkeep of common areas (each service charge is presently less than £500 plus VAT per annum and is generally passed on to the occupier).
  • The freeholder has indicated a willingness to sell the freehold interest in each unit at a guide price of £500 plus VAT.
  • Offers for all eight 999-year leases are sought in excess of £800,000 reflecting a net initial yield of 8.6% allowing for purchaser’s costs of 5.44% and a potential reversionary yield of over 11%.
Sale type Investment
Tenure Long leasehold
Use Industrial
More building details Less building details

Portfolio property 4072407 Available

9,996 sq ft, £80.03 per sq ft, available now

Address 7-15 Upper Priory St, Northampton, Northamptonshire, NN1 2PT, GB
Property Type Industrial
Size 9,996 sq ft
Price £800,000
Price per unit £80.03 per sq ft
  • All eight units are owned on 999-year leases from the early 1980’s at an annual peppercorn rent plus a service charge as a contribution to the upkeep of common areas (each service charge is presently less than £500 plus VAT per annum and is generally passed on to the occupier).
  • The freeholder has indicated a willingness to sell the freehold interest in each unit at a guide price of £500 plus VAT.
  • Offers for all eight 999-year leases are sought in excess of £800,000 reflecting a net initial yield of 8.6% allowing for purchaser’s costs of 5.44% and a potential reversionary yield of over 11%.
Sale type Investment
Tenure Long leasehold
More building details Less building details

Attachments

PDF #1 Marketing brochure/flyer Download

This portfolio property for sale in a portfolio is located in Northampton.

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Hadland Chartered Surveyors

  • Elliott Halliwell
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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Hadland Chartered Surveyors. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hadland Chartered Surveyors for full details and further information.