Unit 2300
Modern detached warehouse with two storey officeaccommodation totalling approx. 15,194 sq. ft. on 1.13acres.
The unit benefits from a large concrete yard / parkingarea to the rear.
Property is of traditional steel portal frame construction,with insulated steel clad elevations and blockworkseparation between warehouse and two storey officeaccommodation, surmounted by a pitched insulated steelclad roof with translucent roof lights.
Pallet racked warehouse with small office and WCs.Concrete floor throughout. Mix of sodium box and LEDlighting.
Loading to warehouse via two ’up and over’ roller shutterdoors to rear yard (W4m x H4.5m and W5.5m x H4.5m).
Two storey offices provide a mix of cellular and open planaccommodation over ground and first floors, receptionarea, kitchenette and WCs. Specification includes carpetedfloors, wall mounted panel radiators (via gas fired centralheating), suspended ceilings, raised floors and doubleglazed powder coated aluminium windows.
Unit 2350
Substantial modern detached distribution warehouse withtwo storey office accommodation totalling approx. 103,143sq. ft. (excluding canopy) on 6.97 acres.
Property is of traditional steel portal frame construction,with insulated steel clad elevations, surmounted by apitched insulated steel clad roof with translucent rooflights.
Pallet racked warehouse is divided into two sections byfire curtain. Mix of sodium box and LED lighting.Mezzanine to southern elevation.
Temporary loading bay of steel frame construction to theeastern elevation, with part steel profile and part PVCclad elevations with PVC roof. Concrete hardstanding floor.
Open canopy to southern elevation providing multi-baydry loading.
Two storey offices provide a mix of cellular and open planaccommodation over ground and first floors, open planreception area, kitchen and WCs. Specification includescarpeted floors, wall-mounted panel radiators (via gasfired central heating), suspended ceilings, raised floorsand double glazed powder coated aluminium windows.
Location
The property is situated within Kettering Venture Park, astrategic commercial location on the southern edge ofKettering, immediately adjacent to J9 of the A14.
Kettering is situated within the UK’s ‘Golden Triangle’,considered the premier distribution location in the UK,due to its accessibility to the national road and motorwaynetwork with approximately 90% of the population beingaccessible within a four-hour drive time. As a result of itsexcellent connectivity, the ‘Golden Triangle’ has becomethe key strategic location for the UK’s supply chain, with ahigh concentration of retailers, distribution, and 3PLoperators occupying hubs within the region.
Kettering is adjacent to the A14 dual carriageway whichconnects directly with the M1/M6 intersection (22 miles tothe west), A1(M) (24 miles east), and M11 (37 miles east).The A14 also connects with the UK’s largest containerport at Felixstowe to the east, which now falls withinFreeport East, a new global hub for trade and innovation.
The A14 has benefitted from significant improvements inrecent years most notably, the widening of the carriagesbetween J7 and J9 around Kettering. The A43, whichconnects Kettering with Corby to the north andNorthampton to the south, will also benefit from majorplanned investment and upgrade works moving forward.
Kettering railway station sits on the Midland Main Lineand provides direct within the hour services to London StPancras, and also connects Kettering with Nottingham,Leicester and Luton.
Accommodation
We have measured the properties in accordance with theRICS Code of Measuring Practice on a Gross Internal Areabasis. The properties provide the following accommodation:
Unit 2300
Warehouse - 917.81 sq m (9,879 sq ft)
Offices - 493.73 sq m (5,315 sq ft)
Total - 1,411.54 sq m (15,194 sq ft)
Unit 2350
Warehouse - 7,342.16 sq m (79,031 sq ft)
Offices - 661.19 sq m (7,117 sq ft)
Mezzanine 0 967.80 sq m (10,417 sq ft)
Loading Bay - 611.14 sq m (6,578 sq ft)
Total - 9,582.29 sq m (103,143 sq ft)
TOTAL (Inc. Mezzanine) - 10,993.93 sq m (118,337 sq ft)
TOTAL (Exc. Mezzanine) - 10,026.03 sq m (107.920 sq ft)
Unit 2350 - Canopy - 1,282.95 sq m (13,810 sq ft)
Terms
TITLE & TENURE - The property is held freehold under the following title numbers:
Unit 2300: NN236461
Unit 2350: NN208759
There is a tenancy agreement in place with Network RailInfrastructure Ltd in respect of the unregistered parcel of land tothe rear of the site (highlighted yellow on “The Property” page).
A copy of the tenancy agreement is included within the marketingpack.
There is a substation located immediately to the front of Unit2300 held under separate freehold title no. NN212757 by WesternPower Distribution (East Midlands) Plc.
BUSINESS RATES - The property is assessed as follows within the 23/24 Rating List:
Rateable Value: £465,000
Rates Payable (23/24): £238,080
PLANNING - We understand the units were originally granted consent as follows:
Unit 2300: B2 & B8 use
Unit 2350: B1, B2 & B8 use
Interested parties should rely on their own enquiries with the localauthority.
SERVICES - We understand all mains utilities are connected to the property, albeit none have beentested. We are advised that Units 2300 and 2350 benefit from their own independentservice connections.
Interested parties are to rely on their own enquiries.
OFFERS - Offers in the order of £8.25m are invited for the freehold interest.
Offers for the constituent parts may also be considered.
EPC - Both units benefit from EPCs rated C.
LEASEHOLD - Leasehold interest may be considered.
COSTS - Each party to be responsible for theirown costs incurred in the transaction.
VAT - Prices are quoted exclusive of VAT.
Specification
- SUBSTANTIAL VACANT FREEHOLD DISTRIBUTIONWAREHOUSE PREMISES
- 118,337 SQ FT GIA ON 8.11-ACRE SITE
- STRATEGIC LOCATION WITHIN ‘GOLDEN TRIANGLE’
- ADJACENT TO J9 OF THE A14, PROVIDING DIRECT LINKSTO M1, M6, A1(M), M11, AND PORTS TO EAST
- LOW SITE COVERAGE OF 27%
- EXCELLENT ASSET MANAGEMENT ANDEXTENSION POTENTIAL
- OFFERS IN THE ORDER OF £8.25MINVITED FOR FREEHOLD INTEREST
- INTEREST IN THE CONSTITUENT PARTS ANDON A LEASEHOLD BASIS MAY BE CONSIDERED
UNIT 2300
- LOW SITECOVERAGE OF 25%
- CLEAR INTERNALHEIGHT OF 7M 9M TO APEX
- 40M YARD DEPTH
Unit 2350
- LOW SITECOVERAGE OF 27%
- CLEAR INTERNALHEIGHT OF 10M 13.3M TO APEX
- 50M YARD DEPTH
- CAR PARKING FOR85 VEHICLES
- 7 DOCK LEVELLOADING DOORS
- 4 LEVEL ACCESS ROLLERSHUTTER DOORS