Reversionary Multi-Let Industrial Estate Investment For Sale - Four Fully Let Warehouse/Office Units

Key Points

• Located on the Link 40 Business Park, Brackley, Northamptonshire
• Four fully let warehouse/office units built in 1989
• Total of 12,407 sq ft (1,152.70 sq m)
• Current total annual rent of £94,100
• Estimated full rental value £107,000
• Offers invited in excess of £1.25 million

Description

The investment comprises four modern industrial/office units built in 1990. The units are all designed around steel portal frames comprising lined and insulated clad elevations to walls and roof, the latter incorporating translucent panels. Internally the premises comprise reinforced concrete floors and internal blockwork walls – full height to the party walls. A number of tenants ‘licensed’ improvements have been made to the accommodation.

The accommodation extends overall to 1,152.70 sqm (12,407 sq ft) and the overall site extends to 0.209 hectares (0.518 acres).

The property is fully let to three tenants on fully insuring and repairing leases. The leases include service charge contribution of £6,000 per annum gross of VAT. Rental deposits are held on unit 3 of £4,987.50 and on unit 4 £9,666.67. A copy of the leases rent deposit deeds and licences to alter are available on request.

Available area

The accommodation comprises the following areas:

Location

Cambridge Terrace comprises part of the popular Link 40 Business Park in Brackley comprising offices, R&D and light industrial accommodation. The site also includes the main Brackley Police Station fronting Cambridge Terrace and Fire Station. The site is bounded to the west by Mercedes Petronas HQ and Tesco’s Superstore to the east.

The premises are situated in Brackley, Northamptonshire which is home to the Mercedes AMG Petronas F1 Team and situated just 6 miles from the Silverstone race circuit. Brackley is located on the A43 dual carriage way, linking the M40 and M1 motorways with Junctions 10 (6 miles) and J11 Banbury (8 miles).