Property overview

Northampton International Raceway, Brafield Road, Horton, Northampton NN7 2BA

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£900,000
May 2022

Northampton International Raceway is also known as Brafield Stadium and was originally built in 1949. The racetrack in the longest serving short oval in the UK and hosts BriSCA F1 & F2 Stock Car Racing from March to November.

 

The overall site extends to 13.57 acres.

 

The southern end of the site is largely rough surfaced and acts as car parking on race days.

 

Longer term alternative uses for the site would be subject to planning.

 

The site is let to Incarace Ltd on a 5 year lease from 1 February 2021. The tenant has been on site for over twenty years and renewed in 2021.

 

The passing rent is £78,000 per annum, payable monthly.

 

Offers are sought in excess of £900,000. Reflecting an initial yield of 8.2%, allowing for purchaser’s costs of 5.67% and an underlying capital value of just over £66,000 per acre.

 

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