£650,000
(£116.51/sq. ft)
Industrial for saleUnit 9, 9 Osyth Close, Brackmills Industrial Estate, Northampton NN4
5,579 sq. ft
EPC Rating: B
Freehold
About this property
Investment located on the popular Brackmills Industrial Estate
Of interest to investors
Upcoming rent review
Strong occupational demand
Estimated Rates Payable: £19461
Description
The subject property comprises a semi‐detached, end‐of‐terrace light industrial unit currently utilised as a forklift training facility.
The unit is of steel portal frame construction with blockwork and profile steel‐clad elevations beneath a dual‐pitched profile steel roof. It benefits from an up‐and‐over loading door on the side elevation and is secured by a perimeter palisade fence.
The property is let on a Full Repairing and Insuring Lease (subject to a photographic schedule of condition) for a term of five years from 19 July 2024, expiring on 18 July 2029. The passing rent is £44,400 per annum exclusive, and the lease is contracted outside the security of tenure provisions of the Landlord and Tenant Act 1954.
The tenant has a break option on 19 July 2027, exercisable with no less than three months’ prior written notice.
There is also an upwards only rent review on 19 July 2027.
Location
The unit is located on Osyth Close, which is just off Salthouse Road on the Brackmills Industrial Estate, Northampton. Brackmills is considered to be one of Northampton’s premier employment areas, located approximately 2 miles to the south-east of the Town Centre, adjacent to the A45 Nene Valley Way dual carriageway which provides good access to Junctions 15,15A and 16 of the M1 Motorway.
The subject property comprises a semi‐detached, end‐of‐terrace light industrial unit currently utilised as a forklift training facility.
The unit is of steel portal frame construction with blockwork and profile steel‐clad elevations beneath a dual‐pitched profile steel roof. It benefits from an up‐and‐over loading door on the side elevation and is secured by a perimeter palisade fence.
The property is let on a Full Repairing and Insuring Lease (subject to a photographic schedule of condition) for a term of five years from 19 July 2024, expiring on 18 July 2029. The passing rent is £44,400 per annum exclusive, and the lease is contracted outside the security of tenure provisions of the Landlord and Tenant Act 1954.
The tenant has a break option on 19 July 2027, exercisable with no less than three months’ prior written notice.
There is also an upwards only rent review on 19 July 2027.
Location
The unit is located on Osyth Close, which is just off Salthouse Road on the Brackmills Industrial Estate, Northampton. Brackmills is considered to be one of Northampton’s premier employment areas, located approximately 2 miles to the south-east of the Town Centre, adjacent to the A45 Nene Valley Way dual carriageway which provides good access to Junctions 15,15A and 16 of the M1 Motorway.
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Monthly repayment
£3,251 per month
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