Investment Sold
Highbourne House 1 Eldon Way Crick Northampton NN6 7SL
15,745 sq ft with 91 on site car spaces
Comprising a modern two storey ‘L’ shaped building
Location
The property occupies a high profile position on the Crick Industrial Estate. Crick occupies a strategic location just off Junction 18 of the M1, close to the M1/M6/A14 interchange. Daventry International Rail Freight Terminal (DIRFT) is close by with occupiers including Sainsbury’s, Tesco, Boohoo, Clipper, Dunelm and DHL. Mainline rail services are available from Rugby with the fastest train to London taking 49 minutes and Birmingham only 28 minutes. Coventry and Birmingham International Airport are easily accessible.
Description
Comprising a modern two storey ‘L’ shaped building, the property benefits from pre-finished, profiled sheet external elevations with powder-coated aluminium casements at regular intervals under a pre-finished pitched roof. Features include air conditioning, double glazing, suspended ceilings with inset LED lighting (PIR) and a secure car park for 91 cars. The owner recently carried out substantial upgrade works at a cost of around £700,000 and the property now benefits from solar panels and 18 EV chargers. The offices provide an attractive working environment with a mixture of open plan and individual offices with ample WC and kitchen facilities.
Schedule of Accomodation
The building has been measured in accordance with the RICS Code of Measuring Practice [6th Edition]): Ground Floor NIA 7,915 sq ft 735.32 sq m First Floor NIA 7,830 sq ft 727.42 sq m Total Area NIA 15,745 sq ft 1,462.74 sq
Services
We understand all mains services are connected to the property except gas, however these have not been tested.
Disclaimer: Ben Coleman Associates ("BCA") for themselves and for the Vendors or Lessors of the property whose agents they are give notice that: (i) these particulars are given without responsibility of BCA or the Vendors or Lessors as a general outline only for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; (ii) BCA cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; (iii) No employee of BCA (and their joint agents where applicable) has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; (iv) VAT may be payable on the purchase price and / or rent, all figures are quoted exclusive of VAT, intending purchasersor lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; (v) Except in respect of death or personal injury caused by the negligence of BCA, its employees or servants, BCA will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars save to the extent that any statement made in these particulars has been made fraudulently by BCA.
For viewing and further information please contact the sole agent:
- 01604 660014
- [email protected]
- 18 High Street, Wootton, Northampton , NN4 6LL
- 18 High Street Wootton Northampton NN4 6LL
Terms
The property is available freehold for £2.1M plus VAT. The transaction will be subject to a simultaneous Leaseback for a term of 10 years to City Plumbing Supplies Holdings Limited. The lease will be drawn on Full Repairing and Insuring terms at an initial rental of £200,000 pax.(Only £12.70 psf). There will be an upwards rent review at the expiry of year 5 and this will be linked to RPI with a cap and collar of 2 and 5%. £2.1M equates to only £134 per sq ft and reflects an attractive net initial yield of 8.94% after acquisition costs of 6.5%. Please note the adjoining office comprising 7,716 sq ft (716.83 sq m) with 40 car spaces is also available for sale (with vacant possession).
VAT
VAT is liable on all outgoings.
Legal Costs
Each party to bear their own legal costs.
For viewing and further information please contact the sole agent:
Disclaimer: Ben Coleman Associates ("BCA") for themselves and for the Vendors or Lessors of the property whose agents they are give notice that: (i) these particulars are given without responsibility of BCA or the Vendors or Lessors as a general outline only for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; (ii) BCA cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; (iii) No employee of BCA (and their joint agents where applicable) has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; (iv) VAT may be payable on the purchase price and / or rent, all figures are quoted exclusive of VAT, intending purchasersor lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; (v) Except in respect of death or personal injury caused by the negligence of BCA, its employees or servants, BCA will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars save to the extent that any statement made in these particulars has been made fraudulently by BCA.
01604 660014
