53 / 54 Causeway Road
Earlstrees Industrial Estate
Corby
NN17 4DU

Substantial Freehold Industrial Investment

  • Let to Ball & Young Limited with a guarantee from Vita (Group) Unlimited - a part of The Vita Group
  • Lease extended and expiring in January 2028 (no breaks)
  • Annual uncapped RPI Rent Reviews
  • 4,486.25 sq m (48,290 sq ft)
  • Site area of 1.03 hectares (2.54 acres) with a site coverage of 44%
  • Established industrial estate with excellent road communications and close to occupiers including Weetabix, CEVA Logistics, Accuma Plastics, Caterpillar and Avon Skincare
  • Lot
    13
  • Auction
    23/May/2019
  • Rent
    £240,648 per Annum Exclusive
  • Status
    Available
  • Price*
    £2,850,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 53 / 54 Causeway Road<br>Earlstrees Industrial Estate<br>Corby<br>NN17 4DU
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* More information on the term "price" can be found here

Property Information

Location
Miles
2 miles north of Corby Town Centre
23 miles north east of Northampton
25 miles west of Peterborough
Roads
A1, A14, A27, A43, M1
Rail
Corby Train Station
Air
Luton Airport
Situation

Earlstrees Industrial Estate is located two miles north of Corby town centre and is regarded as one of the major industrial estates in Corby. The Estate benefits from it's close proximity to the main A6003 and A43 roads, as well as the A1 and M1 which provide excellent access to the north and south. The property benefits from a prominent frontage on Causeway Road, one of the key estate roads with good access to the A6003. Nearby occupiers include Weetabix, CEVA Logistics, Accuma Plastics and Tayto Group.

Tenure

Freehold.

Description

The property comprises two semi-detached industrial units which have been combined to form a single unit, occupied entirely by Ball & Young. The property extends over a 1.03 hectare (2.54 acre) site, providing a site coverage of 44%. The property benefits from parking to the front and side.

VAT

VAT is applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

FloorUseGross Internal Floor Areas (Approx)TenantTermRent p.a.xReviews
GroundIndustrial
4,486.25 sq m
(48,290 sq ft)
BALL & YOUNG
LTD (1) with a
guarantee from
VITA (GROUP)
UNLIMITED (2)
22 years and 3 months from 14/10/2005 until
13/01/2028 on a full
repairing and insuring lease (3)
£240,648.11Annually
uncapped to
RPI
Total Commercial Area
4,486.25 sq m
(48,290 sq ft)
  £240,648.11 

(1) For the year ending 31st December 2017, Ball & Young Ltd reported a turnover of £31,922,447, pre-tax profits of £7,712,581 and a total net worth of £54,292,783 (Source: Experian Group 19/02/2019). Ball & Young Limited is part of The Vita Group, which employs 2,800 people in 37 sites in 14 countries. Founded in 1983, Ball & Young manufactures a range of rubber underlay products for a variety of commercial and domestic uses.
(2) For the year ending 21st December 2017, Vita (Group) Unlimited reported a total net worth of £162,209,810 (Source: Experian Group 19/02/2019).
(3) The property was originally let for a term of 15 years and 3 months from 14th October 2005 and was extended by way of a reversionary lease for a further term of 7 years to expire in January 2028. The lease is subject to a schedule of condition.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    16.05.19
    File Size
    56 MB
    Login to View
  • Site Plan
    Updated Date
    01.05.19
    File Size
    959 KB
    View PDF
  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher 020 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Field Seymour Parkes LLP 1 London Street
Reading
RG1 4PN
William Hinde 0118 951 6234 William.Hinde@fsp-law.com  James Burgess 0118 951 6252James.Burgess@fsp-law.com

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