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Highly reversionary prime distribution warehouse investment

Northampton, United Kingdom

74%

£19.200.000

Industrial

#17175

Core+

28 Oct 2024

Property Details

Broker

Sold

170,000 sq.ft.

15,793 m²

Leasable area

112.94 £/sq.ft.

1,215 £/m²

5.00 %

1

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Highly reversionary prime distribution warehouse investment opportunity. The property is fully let until 25th June 2025, providing an unexpired term of 1.8 years. The passing rent reflects a very low £6.36 per sq ft overall, with an opportunity to capture significant reversion at the June 2025 expiry, with prime rents in Northampton now in excess of £9.50 per sq ft.