69 Bunting Road Under Offer

Summary

For Sale Mid-terrace industrial unit located on Bunting Road.

• Rare income producing property investment
• Popular industrial location
• Current rental income of £6,500 per annum
• Strong tenant demand
• Long leasehold interest available at a current price of £120,000

Location

The premises are situated on Bunting Road which lies approximately 2 miles to the North of Northampton Town Centre. There is access via Balfour Road to the A508 Kingsthorpe Road which in turn connects with the Northampton ring road system.

The surrounding locality comprises a mixed range of both commercial and residential property with a number of local occupiers having established business operations in the area.

Accommodation

The premises comprise a mid-terrace industrial/warehouse building of steel portal frame construction with brick and block elevations surmounted by profile steel cladding.

Internally the accommodation provides an open plan warehouse, WC and kitchenette.

Access to the building for loading purposes is via single roller shutter door incorporated within the front elevation. There is separate pedestrian access.

Floor Areas

Gross Internal Area	901 Sq Ft	83.70 Sq M

Terms

The premises are available to purchase on a long leasehold basis subject to the current lease agreement. This lease is for a term of 5 years commencing in 2019 (date to be confirmed) at a rent of £6,500 per annum. There is a tenant break clause on the 3rd anniversary of the term.

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 mains services including water, 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

The tenant will be responsible for a service charge to maintain the upkeep of the common parts of the Estate.

Energy Performance Certificate Rating

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 774146