TypeTraining & Welfare Investments · Mixed Portfolio Investments

NN8 Hatton Avenue, Wellingborough

TenureFor sale

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Specification

Building size
Building size3,000sqft
Property type
Property typeTraining & Welfare Investments · Mixed Portfolio Investments
Tenure
TenureFor sale

Description

The property is let to Homes 2 Inspire Ltd for a term of 10 years

from 15th October 2025. There is an upward only review on 14th

October 2030, based on indexation, and collared and capped at 1%

& 5% per annum, compounded annually.

Initial rent £67,500 pax rising to £72,500 pax in year 3, with an

average rent of £71,500 pax over the initial period to first review.

A Deposit of £87,000 (£72,500 plus an amount equivalent to VAT) is

held.

** The lease has Shaw Trust Ltd (Co reg No. 01744121) acting as

guarantor - Shareholders funds/Balance Sheet: £245m **

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