9-29 Rixon Road, Wellingborough, Wellingborough, NN8 4BA

• The property is situated in an established industrial and commercial location in Wellingborough, one of the UK’s primary logistic locations.• The town has excellent road links being served by the A45 dual carriageway, a major arterial route linking the M1 to the south and the A14 to the north.• Significant urban expansion to the east of Wellingborough is planned which will trigger significant investment in infrastructure and a substantial number of new homes and employment space..• The property is in close proximity to Stanton Cross which forms the main part of Wellingborough’s expansion / regeneration.• 16,260 sq m (175,031 sq ft) of industrial / distribution accommodation situated on a site extending to 9.94 acres (4.02 hectares).• Income secured to Bushboard Limited (D&B Rating 2A2) on two leases providing an average weighted unexpired term of 12.5 years. 87% of the income is let until October 2025.• The property produces a current passing rent of £440,685 per annum (£2.52 per sq ft), subject to review in October 2015.• Established tenant who has been in occupation of the property for over 40 years.• Long term redevelopment potential, subject to the necessary planning consents.• Freehold.• An attractive high yield profile.• Low capital cost circa £24 per sq ft not accounting for the additional land.

Location