Savills | BAE Systems, 8 - 10 Burcote Road, NN12 6TF | Property for sale
52,533 sq ft(4,880.47 sq m)
Offers over £3,000,000

BAE Systems, 8 - 10 Burcote RoadNN12 6TF

  • Under offer
  • Freehold

Key features

  • Excellent location within 5 minutes drive time of A5 London Road / A43 Towcester By Pass interchange
  • GIA 52,533 sq ft (4,881 sq m) on a site extending to 1.83 acres (0.741 hectares)
  • Let to BAE Systems (Operations) Limited D&B Rating 5A1.
  • Stepped rent rising from £280,994 per annum (£5.35 per sq ft) to £317,919 per annum (£6.05 per sq ft)
  • Unexpired term approximately 5.5 years
  • Lease contracted outside the Landlord & Tenant Act 1954.
  • Development potential subject to planning permission

Research & Development Investment For Sale with 5A1 Tenant Covenant

About this property

  • Description
    The property comprises an advanced technology centre specializing in the design and manufacture of composite radomes and the production of radar transparent materials.
    The property comprises a detached research and development facility built in approximately 1930, being of a brick construction pitched in four bays, incorporating two storey offices. Car parking is provided to the front and rear of the property together with a gated loading area.
    Internally, the accommodation is configured to provide a combination of open plan and cellular space including warehousing, production, laboratories, offices, canteen and staff welfare facilities.

    Viewings
    Strictly by appointment only with the Sole Agent, Savills.

    Terms
    A price of £3,000,000 exclusive of VAT is required for the freehold interest, subject to the occupational lease, this represents a net initial yield of 8.80% and an equivalent yield of 7.86%, allowing for the peppercorn year, subject to contract and exclusive of VAT, assuming standard purchasers costs.
    This represents a low capital value of £57.00 per sq

    Tenant Covenant
    BAE Systems (Operations) Limited (Company Number 01996687) are an advanced defence technology company employing a skilled workforce of 85,800 people in more than forty countries.
    BAE Systems (Operations) Limited have a D&B Rating of 5A1 indicating a minimum risk of business failure.

Local information

  • Towcester is a Market Town in Northamptonshire approximately 9.7 miles south-west of Northampton Town Centre and 12.8 miles north-west of Milton Keynes with an estimated population of some 20,000 people.
  • The property is situated within a predominately residential district, benefiting from extensive linear frontage to Burcote Road, at its junction with Saxon Way and within 5 minutes drive time of the A5 and Town Centre.