Industrial for sale in Unit 1 - 9, Home Farm Building, Northampton Road, Towcester NN12, £875,000

875,000.00

Offer Nr.:
65576985
Type of ad:
for Sale
Property type:
Industrial
Contact name:
Hadland Chartered Surveyors
Phone(s):
01604 313803

* Leasehold
**Key Points**
* £86, 545 per annum from 9 occupiers with rental growth potential
* Includes £6, 300 annual income from 20kw photovoltic system is subject to fluctuation.
* Well located between Northampton and Milton Keynes
* Tgoc 999 year peppercorn lease subject to a restrictive covenant prohibiting sub - sales
**Description**
A steel portal frame building of part block, part steel profile sheet under a
fibre cement sheet roof. There are multiple steel roller shutter door and
steel personnel door and concrete floor. There is an area of parking on
concrete hardstanding around the perimeter of the building and along the
western site boundary. Internally the original open area has been sub - divided
to create nine self - contained units, each with independent access.
Mains water and electricity are connected but are not separated and the buyer
will administer the apportionment of utilities and, building insurance on a sq
ft pro - rata basis. All tenants contribute towards the upkeep of common parts
by way of an additional service charge (full details available on request).
There are Male and female shared WC facilities on septic tank drainage. The
purchaser will contribute towards the costs of shared estate roadways and
services used in common with the vendor’s retained estate. Services have not
been tested.
**Location**
The property is located 10 miles to the north of Central Milton Keynes and 9
miles to the south of Northampton. Junction 15 of the M1 is approximately 4
miles to the north and the A5 is 5 miles to the south.
The surrounding area is generally agricultural in nature although on the site
immediately adjacent are two further sets of commercial buildings.
Vehicular and pedestrian access is available from the A508 which is made up
and an adopted highway. Parking is directly available to the front and side of
the Property. The shared parts of the site are currently in the same ownership
however if the disposal proceeds, all the necessary rights for access and
services are to be granted for the building and land to properly function.

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