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Caxton Close 9,530 SF Industrial Condo Unit Offered at $1,346,257 in Daventry NN11 8RT
Investment Highlights
- Offices are carpeted with suspended ceilings and recessed lighting
- Canopy entrance
- Large fenced yard / car park
Executive Summary
The property was constructed as a high specification, business premises, suitable for office and warehouse use. It has been occupied by Simply Conveyancing Property Lawyers Ltd for more than 10 years, who use the property as their Head Office and have fitted it out accordingly. The property comprises an end of terrace business premises, with two-storey office at the front and warehouse at the rear. Externally there is forecourt car parking, plus a large fenced yard area that is currently used as a car park.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 6.50% |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Tenure | Freehold |
Description
The property comprises an end of terrace business premises, with two-storey office at the front and warehouse at the rear
Sale Notes
Let to Simply Conveyancing Property Lawyers ltd.
until September 2028 (4.5 years unexpired)
Current rent of £68,000 per annum
Offer sought in excess of £1,000,000, reflecting a net
initial yield of 6.5%, allowing for the usual
purchasers costs.
until September 2028 (4.5 years unexpired)
Current rent of £68,000 per annum
Offer sought in excess of £1,000,000, reflecting a net
initial yield of 6.5%, allowing for the usual
purchasers costs.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 3 | 9,530 SF | Industrial | $1,346,257 ($141.27/SF) | $87,506.73 |
Unit 3
| Unit Size |
| 9,530 SF |
| Condo Use |
| Industrial |
| Price |
| $1,346,257 ($141.27/SF) |
| NOI |
| $87,506.73 |
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Unit 3
| Unit Size | 9,530 SF |
| Condo Use | Industrial |
| Price | $1,346,257 ($141.27/SF) |
| NOI | $87,506.73 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Tenure | Freehold |
| Description | |
| The property comprises an end of terrace business premises, with two-storey office at the front and warehouse at the rear</li></ul> | |
| Sale Notes | |
| Let to Simply Conveyancing Property Lawyers ltd. <br> until September 2028 (4.5 years unexpired)<br> Current rent of £68,000 per annum<br> Offer sought in excess of £1,000,000, reflecting a net <br> initial yield of 6.5%, allowing for the usual <br> purchasers costs.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 23,521 SF | Floors | 2 |
| Property Type | Flex (Condo) | Typical Floor Size | 19,344 SF |
| Property Subtype | Light Manufacturing | Year Built | 1999 |
| Building Class | B | Lot Size | 1.02 AC |
| Total Building Size | 23,521 SF |
| Property Type | Flex (Condo) |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 19,344 SF |
| Year Built | 1999 |
| Lot Size | 1.02 AC |
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Photos
Street View
Street
Map
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Caxton Close
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