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Furnace Lane Business Park, Compton House

Finedon Sidings Industrial Estate, Wellingborough, NN9 5NY

Furnace Lane Business Park, Compton House, Wellingborough, Other For Sale - Main unit.jpg
Furnace Lane Business Park, Compton House, Wellingborough, Other For Sale - compton house.jpg
Furnace Lane Business Park, Compton House, Wellingborough, Other For Sale - warehouse1.jpg
Furnace Lane Business Park, Compton House, Wellingborough, Other For Sale - warehouse2.jpg
Furnace Lane Business Park, Compton House, Wellingborough, Other For Sale - warehouse4.jpg
Furnace Lane Business Park, Compton House, Wellingborough, Other For Sale - warehouse5.jpg
Furnace Lane Business Park, Compton House, Wellingborough, Other For Sale - Main unit.jpg
Furnace Lane Business Park, Compton House, Wellingborough, Other For Sale - compton house.jpg
Furnace Lane Business Park, Compton House, Wellingborough, Other For Sale - warehouse1.jpg
Furnace Lane Business Park, Compton House, Wellingborough, Other For Sale - warehouse2.jpg
Furnace Lane Business Park, Compton House, Wellingborough, Other For Sale - warehouse4.jpg
Furnace Lane Business Park, Compton House, Wellingborough, Other For Sale - warehouse5.jpg
Property Type Other
Tenure For Sale
Size 50,788 sq ft
Price Offers in the region of £3,000,000
Business Rates Upon Enquiry
Service Charge n/a
Energy Performance Rating Upon enquiry

Multi-let industrial and open storage investment for sale.
Approx 50,000 sq ft on 2.5 acre site
Offers in the region of £3,000,000 exclusive

Key Points

  • Strategic location for access to A14, M1, A1/M11
  • Generating £246,000 per annum with ERV of circa £320,000
  • Main building constructed during 1990s 7m eaves, drive-in and tail-dock loading and solar panels
  • Gross Yield of 8.2% potentially rising to 10.8% once fully let

Description

The property comprises a multi-let industrial site of approximately 2.5 acres, on which a variety of warehouse, industrial and office buildings have been constructed totalling approximately 50,000 sq ft. Part of the site provides standalone hardstanding/yards/open storage. The entire site is securely fenced and benefits from blanket CCTV.

A standalone single storey office building known as Compton House totalling approximately 3,000 sq ft nia is included within the sale. The building is rented out on a suite-by-suite basis.

Location

Furnace Lane Business Park is located on The Finedon Sidings Industrial Estate, to the south of Station Road approximately 1/4 mile from the A509 linking the site to the A14 and A45 – midway between Wellingborough and Kettering, both 3 miles away. Northampton is 10 miles.

The A14 junction (J9) is approximately 4 miles to the north, linking to the M1 and A1/M1, whilst the A45 at Wellingborough is some 4 miles to the south.

Northamptonshire is the East Midland's largest economy. Located at the southern edge of the UK's 'golden triangle of logistics', the market has grown into an important destination for distribution and manufacturing, and as such it's GVA is primarily supported by related sectors. Manufacturing, wholesale & retail trade and real estate activities each generate 11-17% of annual output.

Northamptonshire's economy has recovered well following the pandemic. According to Oxford Economics, after contracting by 8.9% in 2020, its economy is estimated to have expanded by 14.8% in 2021 and 2022. This was a stronger recovery than the UK overall.

Supporting the market's £29 billion economy is around 420,000 workers. Total employment growth has been strong at 0.6% in the year to Q2 2024.