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Just added
£175,000
(£175.00/sq. ft)
Light industrial for sale
Blands Yard, Church Street, Stanwick, Northamptonshire NN9From 1,000 - 5,000 sq. ft
Local area information
Property location
Nearby amenities
- Stanwick Academy 0 miles
- Windmill Primary School 1.4 miles
- Wellingborough 5.2 miles
- Kettering 8.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
This semi detached unit has been family owned for many years and currently rented out to two separate tenants producing an income of circa £10,000 per annum with the potential to increase the rent to current market values at an erv of circa £15,000 per annum in the agents opinion. Freehold available at an asking price of £175,000.
Location
The property is located off Church Street in the village of Stanwick within a small courtyard comprising Acorn Childcare and All Electric Northants. Local shops and amenites are nearby and road links to the A45. Surrounding Villages and Towns include Raunds, Irthlingborough, Higham Ferrers and Rushden.
Description
The property forms part of a commercially let courtyard and provides a small forecourt area leading to two separate industrial units each with their own roller shutter door and personnel access. Both units have open planned workspace and are in need of some modernisation in parts.
Accommodation
The property has a gross internal area of:
Unit 1-2a - 2,722 sq.ft (252.87 sq.m). Mezzanine of 886 sq.ft (82.03 sq.m).
Unit 2b - 1,798 sq.ft (167.03 sq.m)
Terms
The freehold is available to buy with a guide price of £175,000.
Tenancies
The property is let on two tenancy agreements as set out below:
• A lease to a private individual trading as Chapmans Classic Panels was agreed and singed in 2011 for a term of 10 years. The tenant was holding over until January 2025 when a yearly rolling rental agreement at £6,000 per annum was agreed.
• An agreement to a private individual from November 2023 for a term of 5 years at £4,008 per annum.
The property produces an annual income of £10,008 per annum.
Services
We understand that the units have separate electricity meters. Mains water and drainage is available within Unit 1/2A. Gas is on site but not connected. Services have not been tested by the agent.
Business Rates
Any party should check with the local authority of the amounts payable.
Id Checks
Upon terms being agreed the proposed purchaser will need to comply with Anti Money Laundering procedures in the form of id checks.
Legal Costs
Each party are to bear their own legal costs incurred during the transaction.
VAT
VAT is applicable to the sale and all quoting figures.
EPC
The two units have separate EPC’s which are available upon request.
Location
The property is located off Church Street in the village of Stanwick within a small courtyard comprising Acorn Childcare and All Electric Northants. Local shops and amenites are nearby and road links to the A45. Surrounding Villages and Towns include Raunds, Irthlingborough, Higham Ferrers and Rushden.
Description
The property forms part of a commercially let courtyard and provides a small forecourt area leading to two separate industrial units each with their own roller shutter door and personnel access. Both units have open planned workspace and are in need of some modernisation in parts.
Accommodation
The property has a gross internal area of:
Unit 1-2a - 2,722 sq.ft (252.87 sq.m). Mezzanine of 886 sq.ft (82.03 sq.m).
Unit 2b - 1,798 sq.ft (167.03 sq.m)
Terms
The freehold is available to buy with a guide price of £175,000.
Tenancies
The property is let on two tenancy agreements as set out below:
• A lease to a private individual trading as Chapmans Classic Panels was agreed and singed in 2011 for a term of 10 years. The tenant was holding over until January 2025 when a yearly rolling rental agreement at £6,000 per annum was agreed.
• An agreement to a private individual from November 2023 for a term of 5 years at £4,008 per annum.
The property produces an annual income of £10,008 per annum.
Services
We understand that the units have separate electricity meters. Mains water and drainage is available within Unit 1/2A. Gas is on site but not connected. Services have not been tested by the agent.
Business Rates
Any party should check with the local authority of the amounts payable.
Id Checks
Upon terms being agreed the proposed purchaser will need to comply with Anti Money Laundering procedures in the form of id checks.
Legal Costs
Each party are to bear their own legal costs incurred during the transaction.
VAT
VAT is applicable to the sale and all quoting figures.
EPC
The two units have separate EPC’s which are available upon request.
Floor plans and tours
Floor plans (3)
More information
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