CPL, Banbury Lane Rothersthorpe, Northampton Northamptonshire NN7 3HY

  • CPL, Banbury Lane<br>Rothersthorpe, Northampton<br>Northamptonshire<br>NN7 3HY

CPL, Banbury Lane
Rothersthorpe, Northampton
Northamptonshire
NN7 3HY

Strategically Located Freehold Open Storage Depot Investment

  • Let to CPL Distribution Limited until June 2022 (subject to option)
  • Low passing rent
  • Tenant in occupation since 1995
  • Well located in established industrial area off the M1
  • Approximate site area of 1.2 acres
  • Future redevelopment potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    62
  • Auction
    13th October 2016
  • Rent
    £27,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £425,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
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Strategically Located Freehold Open Storage Depot Investment

  • Let to CPL Distribution Limited until June 2022 (subject to option)
  • Low passing rent
  • Tenant in occupation since 1995
  • Well located in established industrial area off the M1
  • Approximate site area of 1.2 acres
  • Future redevelopment potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 62
  • Auction 13th October 2016
  • Rent £27,000 per Annum Exclusive
  • Status Sold
  • Price £425,000
  • Sector
    Industrial, Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG

Property Information

Location
Miles
4 miles south-west of Northampton, 36 miles north-west of Luton, 50 miles south-east of Birmingham
Roads
M1 (Junction 15a), A43
Air
Birmingham International Airport & Luton International Airport
Situation

The property is strategically located off the M1, 4 miles from Northampton town centre in an established industrial/distribution area. Northampton's M1 Roadside Services are situated close by
as is the Swan Valley Industrial Estate with occupiers including Morrisons, Pets at Home, Royal Mail, Carlsberg, BMW Group and Poundland.

Tenure

Freehold.

Location
Miles
4 miles south-west of Northampton, 36 miles north-west of Luton, 50 miles south-east of Birmingham
Roads
M1 (Junction 15a), A43
Air
Birmingham International Airport & Luton International Airport
Situation

The property is strategically located off the M1, 4 miles from Northampton town centre in an established industrial/distribution area. Northampton's M1 Roadside Services are situated close by
as is the Swan Valley Industrial Estate with occupiers including Morrisons, Pets at Home, Royal Mail, Carlsberg, BMW Group and Poundland.

Tenure

Freehold.

Description

The site comprises a well secured, open storage depot on the west side of Banbury Lane and comprises a large surfaced yard, weighbridge, two single storey buildings of brick construction,
portable cabin offices and on-site WCs. The total site extends to approximately 1.2 acres (0.49 hectares).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The site comprises a well secured, open storage depot on the west side of Banbury Lane and comprises a large surfaced yard, weighbridge, two single storey buildings of brick construction,
portable cabin offices and on-site WCs. The total site extends to approximately 1.2 acres (0.49 hectares).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Site Area Site Area Tenant Term Rent p.a.x Review
Storage
Depot (D8) 		1.2 acres
(0.485 hectares)
 CPL DISTRIBUTION
LIMITED (1) 		Approx.6 years
& 1 month from 26/05/2016 (2)		 £27,000 05/10/2019
(30/06/2022)
Total 1.2 acres
(0.485 hectares)
     £27,000  

(1) CPL is the UK's largest coal and solid fuel supplier with over 25 depots in England and Wales offering an industry leading range of solid fuels including; logs, smokeless coal, and eco-fuels (Source: www.cplindustries.co.uk). For the year ending 31st March 2015, CPL Distribution Limited reported a turnover of £65,372,000, pre-tax profits of £1,240,000 and a total net worth of £37,860,000 (Source: Experian Group 15/09/2016).
(2) The lease provides for a tenant option to determine on 30th June 2020, subject to six months prior notice.

Contacts

Seller's Solicitors
Stephenson's Solicitors 1st Floor Sefton House, Northgate Close, Horwich
Bolton
BL6 6PQ
Paul Davies 01942 774 067pda@stephensons.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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