Approximately 1,866.41 sq m (20,090 sq ft) 0.43 hectares (1.07 acres)
Benefits from large loading yard and parking for some 22 cars
Situated on Established Industrial Estate with nearby occupiers including Nationwide Building Society and Tesco’s Distribution Centre
Six Week Completion
Lot 52
Auction 11th July 2013
Rent £79,000 per Annum Exclusive
Status Sold
Price £500,000
Sector Industrial, Warehouse
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
On Behalf of The Co-operative Estates
Property Information
Location
Miles
3 miles from Northampton Town Centre 21 miles north of Milton Keynes, 50 miles south-west of Birmingham, 65 miles north-west of London
Roads
A14, M1 (Junctions 15, 15A and 16) accessed via the A43, A45 and A508
Rail
Northampton Mainline Railway Station
Air
Birmingham International Airport
Situation
The property is situated in Moulton Park Industrial Estate, one of Northampton’s principal employment areas, and is accessed via Pondwood Close immediately east of Redhouse Drive (A5076) which links the A508 with the A43.
Tenure
Freehold.
Location
Miles
3 miles from Northampton Town Centre 21 miles north of Milton Keynes, 50 miles south-west of Birmingham, 65 miles north-west of London
Roads
A14, M1 (Junctions 15, 15A and 16) accessed via the A43, A45 and A508
Rail
Northampton Mainline Railway Station
Air
Birmingham International Airport
Situation
The property is situated in Moulton Park Industrial Estate, one of Northampton’s principal employment areas, and is accessed via Pondwood Close immediately east of Redhouse Drive (A5076) which links the A508 with the A43.
Tenure
Freehold.
Description
The property comprises a single storey industrial warehouse with internal offices to the front of the building at ground floor level and ancillary accommodation at mezzanine level. The warehouse benefits from an eaves height of 4.57 metres, five roller shutter doors and four up and over loading doors. Car parking is provided to the front of the property for approximately 22 cars. The tenant has undertaken considerable alterations in order to provide facilities for food preparation and storage that are integral to their business.
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 single storey industrial warehouse with internal offices to the front of the building at ground floor level and ancillary accommodation at mezzanine level. The warehouse benefits from an eaves height of 4.57 metres, five roller shutter doors and four up and over loading doors. Car parking is provided to the front of the property for approximately 22 cars. The tenant has undertaken considerable alterations in order to provide facilities for food preparation and storage that are integral to their business.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Mezzanine
Warehouse/ Office Ancillary
1,631.36 sq m
235.04 sq m
(17,560 sq ft)
(2,530 sq ft)
CLASSIC CUISINE OF NORTHAMPTON LIMITED (1)
Approximately 51/2 years from 18/09/2012 on a full repairing and insuring lease (2)
£79,000
24/03/2018
Totals
1,866.40 sq m
(20,090 sq ft)
£79,000
(1) Classic Cuisine is a family owned business which opened in 1990 as specialist suppliers of high quality frozen gourmet meals for food service. They have grown from an initial staff of 4 to 80 employees as of 2008. They have won 12 major industry awards in the last decade, prepare over 6 million meals per year and offer over 70 products in the range. (Source: www.classiccuisine.co.uk) (2) There is a tenant only option to determine on 25th March 2016 on providing 6 months’ prior written notice. If the break is exercised the tenant shall on the break date pay the Landlord a sum equivalent to 3 months rent.
Contacts
Seller's Solicitors
Co-Operative Group Legal Department 3rd Floor, Holylake House, Hanover Street Manchester M60 0AS 0161 834 3147
