Let to D Jacobson & Sons Limited (originally let to Debenhams Properties) until 2072
Approximately 4752 sq m (51,150 sq ft) on 0.63 hectares (1.53 acres)
Immediately adjacent to Sixfields Retail Park with Boots, JJB Sports, Next and Mama’s and Papas
Nearby occupiers include Audi, Wickes, Homebase and Sainsbury’s
Lot 12
Auction 23rd February 2012
Rent £65,000 per Annum Exclusive
Status Sold Prior
Price
Sector Ground Rent
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Situation
The property is located one mile west of Northampton town centre on the established Westgate Industrial Estate and adjacent to the modern Sixfields Retails Park. The property situated on the south side of Gambrel Road, close to its junction with Weedon Road (A4500) which connects to the M1 (Junction 16) and Sixfields Retail Park. Nearby occupiers include Audi, Wickes, Homebase and Boots.
Tenure
Freehold.
Situation
The property is located one mile west of Northampton town centre on the established Westgate Industrial Estate and adjacent to the modern Sixfields Retails Park. The property situated on the south side of Gambrel Road, close to its junction with Weedon Road (A4500) which connects to the M1 (Junction 16) and Sixfields Retail Park. Nearby occupiers include Audi, Wickes, Homebase and Boots.
Tenure
Freehold.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a regular and level site of approximately 0.63 hectares (1.56 acres) (See Note 3).upon which a two bay warehouse with ancillary office accommodation measuring approximately 4752 sq m (51,150 sq ft) has been constructed. (See Note 3).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Use
Site Area (Approx)
Tenant
Term
Rent p.a.x
Reviews
Industrial
0.63 Hectares
(1.56 Acres)
D JACOBSON & SONS LIMITED (1) (originally let to Debenhams Properties Limited) (2)
99 years from 30/07/1973 until 2072
£65,000
2017 and 11 yearly thereafter (4)
Totals
0.63 Hectares
(1.56 Acres)
£65,000
(1) For the year ending 30th September 2010, D Jacobson & Sons Limited reported a turnover of £47,440,000, pre-tax profit of £2,122,000 and a total net worth of £17,609,000. (Source: www.riskdisk.com 09/01/2012)
(2) For the year ending 3rd September 2011 Debenhams Properties Limited reported a turnover of £95,674,000, a pre tax profit of negative £3,307,000 and a net worth of £203,487,000 (Source: www.riskdisk.com 9.01.2012)
(3) The floor areas and site area stated in the description paragraph are stated in the lease.
(4) The rent is reviewed to the Rental Value of a cleared site. Please refer to the lease for specific clauses including the permitted user (in the context of the Rent Review) a copy of the lease is available in the legal pack.
