Property overview

Robinson Manufacturing – 27-29 Don White Road, Wellingborough, NN8 4FT

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£1,725,000
Jul 2022

Wellingborough – 27-29 Don White Road, Wellingborough, Northamptonshire, NN8 4FT

  • Long income, Index-linked, industrial sale and leaseback opportunity
  • Strategically located in Wellingborough, within the ‘Logistics Golden Triangle’
  • Wellingborough benefits from excellent communications to the national road network, with direct access to the A14 and A45, which links to the M1, M6, and A1(M) motorways
  • The property forms part of the established Finedon Road Industrial Estate. Major occupiers in the area include Clipper, GXO, DHL, Co-Op, Yusen, and Boohoo
  • The property comprises a secure, modern, detached warehouse unit with integral offices and two-level access loading doors, leading to a large yard with a depth of 43m
  • Total Gross Internal area of 20,773 sq. ft. (1,929.90 sq. m.)
  • Site area of 1.66 acres reflecting a low site cover of 27%
  • The property will be sold by way of sale and leaseback to Robinson Manufacturing Limited, a nationally recognised specialist in engineered roof trusses, joists, and timber frames supplying to national house builders
  • The property will be let for a term of 15 years from completion of sale
  • Lease subject to five yearly CPI-linked rent reviews, collared and capped at 1% and 3% per annum compounded
  • Rent of £121,150 per annum (low average of £5.83 per sq. ft.)
  • Freehold

Offers sought in excess of £1,725,000, subject to contract, which reflects a net initial yield of 6.56%. The price equates to a low capital value of £83.00 per sq. ft.