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Retail Units & Shops for rent

Northamptonshire

Northampton

Units 1-7, Upton Place, Weedon Road Upton Place, Weedon Road, Northampton, NN5 4DJ

11,530 sq ft

Units 1-7, Upton Place, Weedon Road, Northampton - Picture 2022-01-27-11-33-31

Use Class

Size

11,530 sq ft

Rent pa

POA

Price

£3,000,000

Key Features

Commercial Rental income of £202,155
Residential ground rent income of £3,200 pa
Total income £205,355 pa
Price: Seeking offers in excess of £3,000,000 subject to contract and exclusive of VAT
Net initial yield: 6.43% after allowing for purchaser's costs of 6.45%
Upton Place neighbourhood shopping parade provides 7 retail units anchored by Co-Op Convenience Store and 32 Residential Ground Rents
Situated fronting the A4500 an arterial route into Northampton from J16 of M1
The wider development provides over 300 new homes, a school and medical facilities creating an urban village on the edge of Northampton
Fully let to 7 tenants including national operators Co-op, Domino's and Indigo Sun

Description

For Sale - Freehold Neighbourhood Parade and Residential Ground Rents Investment Opportunity

Upton Place convenience centre is part of a larger residential development scheme with schools and medical facilities creating a new urban village on a total site area of 14.8 acres. It forms the beginning of the new Urban Boulevard into Northampton from the west and creates a ‘gateway’ into the site. The convenience centre comprises 7 retail units totalling 11,530 sq. ft with customer parking. It benefits from a sustainable tenant mix of a Domino’s Pizza, Connells Estate Agent, Indigo Sun (having 100 branches), a Fish & Chip Takeaway and Restaurant and is anchored by

Co-op Food at a low rent per sq.ft. of just £11.36.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

This was last updated on 22/07/2022