Baird Court, Park Farm Industrial Estate
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Baird Court, Park Farm Industrial Estate
3 Industrial Properties Offered at $5,500,159 in Wellingborough
EXECUTIVE SUMMARY
- Highly reversionary multi-let industrial estate;
- Located on the Park Farm Industrial estate, a well-established estate in a ‘golden triangle’ midlands location;
- Strategically situated off the M1 motorway (J15), accessible via the A45. The estate has superb access to the A14 & A45 which provides strong connectivity to the M6 and M11 motorways;
- The property comprises a multi-let industrial estate across the 14 units, let to 11 various tenants, totalling 66,711 sq ft (GIA) with ancillary yard and parking;
- The estate has a passing rent of £426,807 per annum, reflecting a low £6.40 psf overall; Net Income post leasehold payaway is £369,188.
- The current tenancy profile provides a highly attractive WAULT of approximately 4.40 years to lease expiries and 1.10 years to lease breaks, offering short delivery of significant asset management opportunities;
- The property is long leasehold for an unexpired term of 83 years remaining
- Located on the Park Farm Industrial estate, a well-established estate in a ‘golden triangle’ midlands location;
- Strategically situated off the M1 motorway (J15), accessible via the A45. The estate has superb access to the A14 & A45 which provides strong connectivity to the M6 and M11 motorways;
- The property comprises a multi-let industrial estate across the 14 units, let to 11 various tenants, totalling 66,711 sq ft (GIA) with ancillary yard and parking;
- The estate has a passing rent of £426,807 per annum, reflecting a low £6.40 psf overall; Net Income post leasehold payaway is £369,188.
- The current tenancy profile provides a highly attractive WAULT of approximately 4.40 years to lease expiries and 1.10 years to lease breaks, offering short delivery of significant asset management opportunities;
- The property is long leasehold for an unexpired term of 83 years remaining
PROPERTY FACTS
| Price | $5,500,159 | Number of Properties | 3 |
| Price / SF | $79.41 / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 69,266 SF |
| Sale Type | Investment | Total Land Area | 5.06 AC |
| Status | Pending |
| Price | $5,500,159 |
| Price / SF | $79.41 / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Pending |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 69,266 SF |
| Total Land Area | 5.06 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| Baird Ct, Wellingborough NN8 6QJ | Industrial | 18,127 SF | 1980 | - |
| Baird Ct, Wellingborough NN8 6QJ | Industrial | 21,366 SF | 1984 | - |
| Baird Ct, Wellingborough NN8 6QJ | Industrial | 29,773 SF | 1984 | - |
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Baird Court, Park Farm Industrial Estate
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