Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
7 miles north of Northampton
25 miles north of Milton Keynes
30 miles east of Leamington Spa
Roads
A508, A14, M1
Rail
Northampton Railway Station
Air
Birmingham International Airport, East Midlands Airport
Situation
The property is strategically located on an established industrial estate off the A508, an arterial route between Northampton to the south and the East Midlands to the north. The property is situated to the east of Quarry Road adjacent to the busy Scaldwell Road and Harborough Road (A508) roundabout. Mercedes-Benz High Performance Engines, whose principal activities are the design and manufacture of Formula 1 racing engines, are located close by.
Tenure
Freehold.
Location
Miles
7 miles north of Northampton
25 miles north of Milton Keynes
30 miles east of Leamington Spa
Roads
A508, A14, M1
Rail
Northampton Railway Station
Air
Birmingham International Airport, East Midlands Airport
Situation
The property is strategically located on an established industrial estate off the A508, an arterial route between Northampton to the south and the East Midlands to the north. The property is situated to the east of Quarry Road adjacent to the busy Scaldwell Road and Harborough Road (A508) roundabout. Mercedes-Benz High Performance Engines, whose principal activities are the design and manufacture of Formula 1 racing engines, are located close by.
Tenure
Freehold.
Description
The property comprises a site of approximately 0.72 hectares (1.78 acres) upon which is built a substantial factory building and additional ancillary industrial buildings. The principal building benefits from an eaves height of 5 metres (16 ft) and the property benefits from a low site coverage of approximately 42%.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a site of approximately 0.72 hectares (1.78 acres) upon which is built a substantial factory building and additional ancillary industrial buildings. The principal building benefits from an eaves height of 5 metres (16 ft) and the property benefits from a low site coverage of approximately 42%.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Industrial/ Office/Ancillary
3,005.38 sq m
(32,350 sq ft)
CPL AROMAS LIMITED (1)
25 years from 22/12/1993 on a full repairing and insuring lease
£137,500
22/12/2013 (2) (21/12/2018)
Totals
3,005.38 sq m
(32,350 sq ft)
£137,500
(1) CPL Aromas is a major international fragrance house, operating from seventeen key locations worldwide and serves over 100 countries (Source: www.cplaromas.com). For the year ending 31/03/2014 CPL Aromas Limited reported a turnover of £68,420,000, pre-tax profits of £7,987,000 and a total net worth of £41,232,000. (Source: www.riskdisk.com 16/12/2014). (2)The 22nd December 2013 rent review is outstanding.