Investment.

Rushden.

Crown Way Retail Park, NN10 6BT

Map View

Status.

Sold on 12/01/2021

Accommodation.

Unit 1 24,798 sq ft 2,304.65 sq m
Unit 2 6,000 sq ft 557.62 sq m

Price.

£5,200,000 (Subject to Contract and Exclusive VAT)

Service Charge.

There is a service charge in place at the site. The current budget for the year ending 30/09/2021 amounts to £35,070 pa. Unit 1 (Wickes) are liable for 81.25% of this cost and Unit 2 (Pets at Home), 18.75%. Pets at Home benefit from a 10% cap on the management fee resulting in a Landlord shortfall of £467.44. The cap to Pets at Home expires on 24/01/2021.

Location.

The premises are located in a prominent position on Crown Way which exits south from the A45 dual carriageway. A Waitrose foodstore is situated diagonally opposite the holding and includes a petrol filling station. Rushden Lakes, the regions premier retail and leisure offer is located on the on the northern side of the A45 dual carriageway. In addition, there are a significant number of B1 office and industrial buildings and occupiers in the vicinity.

Description.

Rushden is located within the county of Northamptonshire and is situated 15 miles (24km) north of Northampton, 12 miles (19km) south of Kettering, 38 miles (61km) west of Cambridge and 70 miles (112km) north of London.

The town benefits from strong road links. The A6 bypass connects with Kettering to the north and Luton and Bedford to the South. In addition, the A45 dual carriage way, where the subject property is located, connects Rushden to the East coast as well as Northampton and the M1 motorway to the west.

Wellingborough Railway Station is located some 5 miles (6km) to the west, providing excellent access to London St Pancras in a fastest journey time of 46 minutes, and the rest of the UK. Rushden is located within a one hour drive time of 4 international airports including London Luton, Birmingham International, East Midlands and London Heathrow.

 

 

Rent.

£425,172.00 per annum exclusive

Tenure.

Freehold

Yield.

7.65%

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Ed Smith.

Partner | Investment

Contact.

What Our Clients Say.

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DTZ Investors

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