Acquired
Northampton – Classic Cuisine Industrial Investment
7 Pond Wood Close, Moulton Park Industrial Estate, Northampton NN3 6RTFreehold Industrial Investment
Tenure
Freehold
Lease Term
5 Years
Years Left on Lease
Holding Over
Area
20,052 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Located within the established Moulton Park Industrial Estate
- Let to Classic Cuisine of Northampton Limited
- Tenant has been in occupation for some 25 years
- Comprising a total of 1,863 sq m (20,053 sq ft)
- Well located close to the A45
- Occupiers close by include Piroto Labelling, Dataforce and Spring Line, amongst other industrial traders.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property is arranged on ground and mezzanine floors providing a warehouse with ancillary accommodation, presently used by the tenant as a food processing building with refrigeration. The warehouse benefits from an eaves height of 4.57m and 11 roller shutter doors (some 7 of which are blocked with insulation panels). The property benefits from parking for 21 cars.
The property provides the following gross internal accommodation and dimensions:
Ground Floor: 1,635 sq m (17,599 sq ft)
Mezzanine: 228 sq m (2,454 sq ft)
Total: 1,863 sq m (20,053 sq ft)
The property provides the following gross internal accommodation and dimensions:
Ground Floor: 1,635 sq m (17,599 sq ft)
Mezzanine: 228 sq m (2,454 sq ft)
Total: 1,863 sq m (20,053 sq ft)
Tenancy Description
The entire property is at present let to CLASSIC CUISINE OF NORTHAMPTON LIMITED for a term of 5 years from 25th March 2018 at a current rent of £79,000 per annum. The lease contains full repairing and insuring covenants. Deposit held of £23,715.71. The tenant has been in occupation for some 25 years. Classic Cuisine is a family owned business which opened in 1990 as a specialist supplier of high quality frozen gourmet meals for food service. They have a number of accreditations and awards over the years. www.classiccuisine.co.uk
Tenancies & Accommodation
Location Description
Northampton is the county town of Northamptonshire and is a well established commercial centre lying approximately 65 miles north of London, 33 miles south of Leicester and 50 miles south-east of Birmingham and has a population in excess of 212,000. The town benefits from excellent road communications, with Junctions 15, 15A and 16 of the M1 Motorway providing access to London, Birmingham and the national motorway network. The A5076 is parallel to the property, which allows for good access to the A43.
