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 23rd May 2019
Rent £240,648 per Annum Exclusive
Status Sold
Price £2,850,000
Sector Industrial/Warehouse
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
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* More information on the term "guide" can be found here
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 23rd May 2019
Rent
Status Sold
Price £2,850,000
Sector Industrial/Warehouse
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
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.
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.
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
Floor
Use
Gross Internal Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Industrial
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)
£240,648.11
Annually 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.