Bromwich Hardy selling substantial Midlands industrial warehouse for £4 million

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Bromwich Hardy selling substantial Midlands industrial warehouse for £4 million

A substantial industrial warehouse with offices on a large site close to the Midlands motorway network is for sale with leading commercial property agents Bromwich Hardy.

The 48,625 sq ft premises known as The Die-PAT Centre sits on 3.7-acres at Broad March, in Daventry, and is available for offers in excess of £4 million, either with vacant possession, or on a sale and lease back basis.

Bromwich Hardy selling substantial Midlands industrial warehouse for £4 million

Ed Bunbury, a partner at Bromwich Hardy, explained that the property is suitable for warehousing, manufacturing or potential other uses subject to planning permission.

Mr Bunbury said: “This is a rare opportunity to purchase a substantial industrial premises on a large plot in the Midlands ‘Golden Triangle’ of logistics distribution.

“The property includes an industrial warehouse building with two-storey offices at the front and a large yard that wraps around the building.

“The eaves height ranges from 6m to 7.5m with three ground level loading doors.

“The original building is largely full height, while the newer part has a large mezzanine first floor at the back, plus small side extensions for additional workshops and storage space.

“The offices benefit from carpets, suspended ceilings, inset LED lighting and double-glazed windows, and include a reception area, toilets and kitchenette.

“There is a loading area to the side of the warehouses, a large concrete yard at the rear, plus an additional landscaped area that could be suited to hard surface, subject to planning permission.

“Further space is available in the car parking area at the front of the site.”

The Die-PAT Centre includes 16,542 sq ft in the original warehouse, 13,285 sq ft in the extension warehouse, 6,503 sq ft in the mezzanine, and 3,682 sq ft of ancillary space. The offices extend to 8,613 sq ft.

Broad March is part of one of the most established industrial estates in Daventry, less than a mile from the town centre.

The property is close to Junction 16 of the M1 Motorway, via the new A45 link road, and to Junction 18 via the A361.

Daventry is around 12 west of Northampton and is within easy reach of the M45, M40, M6, A14 and A5.

The option to buy on a sale and leaseback basis is for a 10-year term at a rent of £350,000 per annum, with an upwards only rent review and tenant only break option at the fifth year.

More information can be found here, and interested parties can email Ed Bunbury at [email protected], Tom Bromwich [email protected] or Rob Lord at [email protected].