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Property details
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Commercial property for sale in 34 Hatton Avenue, Wellingborough, Northamptonshire

Investment

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Commercial property for sale

3,500 sq. ft*

Property features

Investment for sale - For further information, view property
Excellent covenant
Lease to October 2025
Passing rent £54,541
Offers in excess of £875,000 sought - gross yield 6.2% before buyer's costs

Property description

The property comprises a former residential detached three storey building of approx. 3,200 sq ft / 297.3 sq m gross internal area on a self-contained, walled/fenced/gated plot of approx. 0.18acre/0.07ha with off road parking/garaging for up to 4 vehicles.
The property was granted a change of use from C3 (Dwelling House) to C2 (Children's Home) in 2014. North Northants planning ref wp/14/0385/cou

The property is let on a full repairing and insuring lease to 14th October 2025 with a right to renew for a further term of 5 years if exercised. Passing rent is £54,431 per annum exclusive of all other outgoings. There are no further rent reviews in the current lease term.

The lease was assigned in May 2017 to Homes 2 Inspire Ltd (Co Reg No 10592680). There is a rent deposit deed with them of £96,000.
The lease is guaranteed by G4S Care and Justice Services (UK) Ltd (Co Reg No 00390328). In their last published accounts to 31st December 2020 their revenue was £228m, profit for the year was £44m and total shareholder's funds were £114m

Property info

Brochure

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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