Property Listing
FOR SALE
Covey Farm, Northampton, Northamptonshire, NN6 8BE
Freehold Investment Opportunity
8
Acres


Enquire about this property
Contact: David Smith
Tel: 01604 620616
Email: dsmith@drakeandpartners.co.uk
Specification
- 8.1 acres with a range of built accommodation totalling 12,400 sq ft.
- Long established use as headquarters for landscape contractors. Ample scope for further expansion and development.
- Let to TC Landscapes Limited until 31 December 2029. Rent £175,950 per annum exclusive. Tenant break 31 December 2026.
- Business has been in occupation for over 35 years. Tenant is wholly owned subsidiary of ID Verde UK Limited.
Location
The property is situated close to the A508, the main route from Northampton to Market Harborough. It is approximately 5 miles north of Northampton and 6 miles south of the A14 (A1/M1 link) at junction 2 thus providing good access to the national road network.
Accessibility will be further enhanced via the soon to be operational north western relief road at Chapel Brampton providing a route around Northampton and to the M1. This will join with the proposed Northern Orbital route which will pass to the south of the site when constructed.
The property enjoys a rural location between the villages of Chapel Brampton and Pitsford, a short distance to the south of Brixworth. However, this is a busy cross county
route, making Covey Farm a highly visible and highly accessible site.
Terms
We are instructed to seek offers at £2,300,000 exclusive. The purchase price reflects a net initial yield of 7.25% following the deduction of purchaser’s costs and offers the potential of a substantial reversionary yield.