Tel: 01295 983 333

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Golden Triangle Investment Opportunity

LODGE WAY, NORTHAMPTONSHIRE, NN5 7SL

The Property

Industrial Investment for Sale Freehold. The property comprises a 3.22 acre site featuring a 14,000 sq ft Vehicle Maintenance Unit. The property benefits from two leases providing an income of £122,000 p.a. Majority of the income secured on the excellent covenant of Riverside Truck Rental Ltd.

The property comprises a Vehicle Maintenance Unit within a self-contained site plus a large concreted yard used for vehicle and trailer parking. The unit and the yard are leased to Riverside Truck Rental Ltd. A smaller self-contained yard is leased to Creed Scaffolding Ltd. The access road forms part of the property. This access road is shared by Panther Logistics Ltd and by Trans Global Freight Ltd and each company is obliged to contribute to the maintenance and repair costs.

The buildings and site have electric, water and drainage. The Vehicle Maintenance Unit has LPG. The electric supply is via the adjacent office building, XPO House - with submeters recording the consumption.

Please refer to the PDF brochure for a more detailed outline of the property and its current tenants.

Accommodation:

Floor Areas	Details	Square Feet
VEHICLE MAINTENANCE UNIT	1216 SQM	13,096 SQ FT
ANCILLARY STORE	84 SQM	913 SQ FT
TOTAL	1301 SQM	14,009 SQ FT

Location

Northampton is one of the most important industrial markets in the UK, sitting within the 'Golden Triangle' and at the heart of the country's motorway network. The property is located at Lodge Farm Industrial Estate is located 3.50 miles from J15 and 5 miles from J16 of the M1 motorway and provides easy access to the centre of Northampton and then to the A43. The Estate itself is well established and is home to major occupiers such as DHL, XPO Logistics, Travis Perkins and Panther Logistics.

Pricing

We are seeking offers in excess of £1.60 million subject to contract and exclusive of VAT. This reflects an attractive net initial yield of 7.18% based on the headline rent of £122,000 p.a. and £500,000 per acre based on 3.22 acres.

Industrial Investment

Contact Neil Wild

01295 983 333

44 South Bar Street
Banbury
Oxon OX16 9AB

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Brochure

Floor Plans