Property Description

The property comprises an extended, detached industrial/warehouse building of approximately 23,271 sq ft (32,150 sq ft including mezzanine floor) on a self- contained site of approx. 1.08 acres (including the access road to the adjacent units). The main building is constructed in two main sections that are both of steel frame construction with clad elevations and a solid reinforced concrete floor. The original section includes a large mezzanine floor offering production space below on the ground area below and storage space above. The newer section provides a warehouse area that is also used for production. The building has loading facilities to both the rear and side. There is also a further small low bay area to the rear.

Measurements

• Net Internal Floor Area

Unit 2 North Portway Close Round Spinney Industrial Estate Northampton - CKN Print Limited

Measurement	imperial	metric
Industrial/Warehouse	23,272 sq.ft	2,162 sq.m
Site Area	1.08 acres	0.437 hectares
Total Floor Area	23,272 sq.ft	2,162 sq.m

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Agent's Disclaimer

Sale Terms

Offers are sought in excess of £1,000,000 subject to contract and exclusive of VAT. A purchase at this price would reflect a net initial yield of 12% after allowing for usual purchaser’s costs of 5.8%, and a capital value of £43 per sq ft.

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Tenant, lease and rent summary

North Portway Close Northampton NN3 8RQ

Unit	Tenant	Rental Income	Lease Dates
Unit 2	CKN Print Limited	£126,000 £5.41 psf	2014 -start 2029 -expiry No -break
Total Rent		£126,000

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Covenant Information and other comments:

CKN Print Limited

CKN Print Limited (CKN) was started in November 2002 by 3 Directors Jay Kingston, Danny Cannon & Andy Newbury. All 3 are still Directors and all work in the business. CKN are commercial printers and currently employ 36 members of staff on a full time basis. CKN have in excess of 100 clients ranging from local companies to international companies. Clients include Travis Perkins, First Transport Group, Open University, Northampton Borough Council, Sealed Air. CKN’s last 3 years accounts have been good and show they have made a profit on every trading year for 11 years. Unlike other printing firms CKN have very low gearing and having worked very hard to purchase their equipment with only a small amount to pay for one piece of equipment. Over the next 5 years it is anticipated that CKN Print will continue to grow and become more profitable as a result of being debt free.

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Agent's Disclaimer

There are no plans available to view for this property. Contact the agent for further information

Property Location

The property is located on the Round Spinney Industrial Estate, which is approximately 3 miles north east of Northampton town centre. There is a direct dual carriageway access to Junction 15 of the M1, which is approximately 6 miles away.

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