£1,000,000
(£104.93/sq. ft)
Warehouse for sale3 Caxton Close, Drayton Fields Industrial Estate, Daventry NN11
9,530 sq. ft
Freehold
About this property
Steel frame construction
Metal clad and brick elevations
Steel sheet roof with inset roof lights
Large fenced yard / car park
Canopy entrance
Full height reception
Double glazed windows
Ground level loading door
Gas fired warm air heater in the wa
Estimated Rates Payable: £54000
Description
The property was constructed as a high specification, business premises, suitable for office and warehouse use. It has been occupied by Simply Conveyancing Property Lawyers Ltd for more than 10 years, who use the property as their Head Office and have fitted it out accordingly. The property comprises an end of terrace business premises, with two-storey office at the front and warehouse at the rear. Externally there is forecourt car parking, plus a large fenced yard area that is currently used as a car park. Let to Simply Conveyancing Property Lawyers ltd until September 2028 (4.5 years unexpired) Current rent of £68,000 per annum. Offer sought in excess of £1,000,000, reflecting a net initial yield of 6.5%, allowing for the usual purchasers costs.
Location
Daventry is located approximately 12 miles west of the county town of Northampton. It has good access to J16/M1, via the new link road and also J18 / M1, as well as the M45 and M40 motorways, plus the A5 trunk road. Caxton Close is part of Drayton Fields Industrial Estate, which is regarded as one of the best employment areas in Daventry, located to the north of the town centre. Established surrounding occupiers include Brian James Trailers, Cummins and Ford.
Viewings
Strictly by appointment with the agent Bromwich Hardy.
The property was constructed as a high specification, business premises, suitable for office and warehouse use. It has been occupied by Simply Conveyancing Property Lawyers Ltd for more than 10 years, who use the property as their Head Office and have fitted it out accordingly. The property comprises an end of terrace business premises, with two-storey office at the front and warehouse at the rear. Externally there is forecourt car parking, plus a large fenced yard area that is currently used as a car park. Let to Simply Conveyancing Property Lawyers ltd until September 2028 (4.5 years unexpired) Current rent of £68,000 per annum. Offer sought in excess of £1,000,000, reflecting a net initial yield of 6.5%, allowing for the usual purchasers costs.
Location
Daventry is located approximately 12 miles west of the county town of Northampton. It has good access to J16/M1, via the new link road and also J18 / M1, as well as the M45 and M40 motorways, plus the A5 trunk road. Caxton Close is part of Drayton Fields Industrial Estate, which is regarded as one of the best employment areas in Daventry, located to the north of the town centre. Established surrounding occupiers include Brian James Trailers, Cummins and Ford.
Viewings
Strictly by appointment with the agent Bromwich Hardy.
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