The property comprises a standalone factory facility for the sorting and recycling of plastics, configured as predominantly four principal buildings comprising factory, warehouse, stores, offices and ancillary open stores, together with substantial yardage, weighbridge and perimeter soft landscaping. The majority of the buildings are of a steel portal frame construction pitched in single bays with a combination of insulated blockwork infill walls with decorative brick facing, colour coated profile steel cladding and corrugated asbestos roofs, incorporating scattered Perspex roof lights. The condition of the buildings varies with the main warehouse on the eastern boundary being in good condition throughout, whilst the remaining buildings, with the exception of the office/store, requiring comprehensive refurbishment.
Location
Clay Coton is a very small village in the Daventry district of the county of Northamptonshire. The nearest large town is Rugby, Warwickshire, about 7 miles (11.3 km) away by road; there is a high-speed Virgin train service to Euston, London in 47 minutes. The village is dominated by the medieval former church of St. Andrew. Built in 1340, it was restored by Edmund Francis Law in 1866 but fell into disuse in the 1950s and was renovated as a private house in around 2000. Until 2002, despite the small size of the village, it included a public house, called the ‘Fox and Hounds’; it was later renamed the ‘Fox’. The Fox was renowned for its folk music nights and cask ales. Like the church, it has now been converted to a private dwelling house. There is fast access to the extensive road networks (M1, M6 & A14). Junior schooling is available in nearby Yelvertoft or Crick; Crick offers a wider range of shopping and public houses. There is a good selection of state senior schooling with Guilsborough School nearby and some excellent private schools including Bilton Grange, Spratton Hall and Rugby School.
Situation - The property is situated to the north of the village fronting Cold Ashby Road to the west and with the exception of the neighbouring Vicarage, is surrounded by agricultural land.
Accommodation
The property extends to approximately 2.759 hectares (6.818 acres).
The property has been measured on a gross internal basis in accordance with the RICS Code of Measuring Practice.
Building 1 Office & Store - 258.919 sq m (2,787 sq ft)
Building 2 Main Warehouse - 1,914.924 sq m (20,612 sq ft)
Building 3 Middle Warehouse - 1,400.953 sq m (15,080 sq ft)
Building 4 Store - 258.822 sq m (2,786 sq ft)
Total gross internal floor area - 3,833.618 sq m (41,265 sq ft)
Terms
Tenure - Freehold.
VAT - The property is not elected for VAT.
Price - Offers are sought in excess of £1,250,000.
Legal Costs - Each party will be responsible for their own legal costs incurred in the transaction.
Rates - We are advised that the property has been assessed as follows:
Warehouse & Premises:
Rateable Value 2018/2019 £11,500
Rates Payable 2018/2019 £5,520
Warehouse & Premises:
Rateable Value 2018/2019 £88,500
Rates Payable 2018/2019 £43,630.50
Specification
- Rare development opportunity (STPP).
- Capable of sub-division into smaller units.
- Rare recycling use.
- Circa 2.759 hectares (6.818 acres).