1-4 Letts Road Available

1-4 Letts Road Northampton
NN4 8HQ
£475,000
7712 sq ft

Summary

  • Attractive industrial investment
  • Fully tenanted with income of £30,250.50 pa ex.
  • Active management opportunity
  • Established location
  • Self-contained site

Location

The premises are located on Letts Road which forms part of the Rothersthorpe Trading Estate. This site lies approximately 1.5 miles south of Northampton town centre. There is good access via the Towcester Road to the A45 which forms part of the inner ring road system and also connects with the M1 motorway at Junctions 15 and 15A. The surrounding locality comprises a range of predominantly industrial properties occupied by various companies. A number of prominent firms have established operations on the estate to include Stage Coach and Bearwood Engineering.

Accommodation

The premises comprise a terrace of 4no industrial units situated within a self-contained site. Each building is of steel portal frame construction with brick and block elevations surmounted by profile steel cladding to eaves. Above, each unit stands beneath a pitched, asbestos clad roof, which has been lined and insulated internally.

Access into each building is via a roller shutter loading door incorporated within the front elevation. The internal accommodation varies within the buildings but each unit provides predominantly open plan warehouse workshop accommodation together with offices and WC facilities. Mezzanine floors have been installed within several of the buildings.

Externally, the premises are accessed via secure gates fronting onto Letts Road. This leads into a hard surfaced forecourt which provides access to each building for loading purposes and also allows for secure on-site car parking.

Floor Areas

Unit 1 2,125 Sq Ft 197.41 Sq M
Unit 2 2,228 Sq Ft 206.98 Sq M
Unit 3 1,652 Sq Ft 153.47 Sq M
Unit 4 1,707 Sq Ft 158.58 Sq M
Total Area 7,712 Sq Ft 716.47 Sq M

Terms

The premises is available for sale, subject to three individual tenancies, each from mid-2018 for a term of 3 years, producing a total income of £30,250.50 per annum exclusive.

Please contact Underwoods for further information.

Legal Costs

Each party is to be responsible for their own legal costs.

VAT

It should be noted that all figures quoted either verbally or in writing are exclusive of VAT unless specifically stated.

Services

We understand that all mains services including water gas drainage and electricity are connected to the property. It should be noted that none of the services have been tested and it is up to prospective occupiers to ensure that the facilities are installed and working to their own satisfaction.

Service Charges

Energy Performance Certificate Rating

Awaited.

Other Information

In accordance with Money Laundering Regulations, please be aware that any prospective purchaser will be asked to produce I.D. documentation when a sale is agreed and we ask for your cooperation in order to not delay matters.

Viewing

To view and for further details please contact:

Charles Church
Email: cc@underwoods.co.uk
Telephone: 01604 404060
Direct Dial: 01604 783004

Joss Burrows
Email: jb@underwoods.co.uk
Telephone: 01604 404060
Direct Dial: 01604 774144