Units 1-17, Southfolds Road Oakley Hay Industrial Estate Corby Northamptonshire NN18 9EU

Units 1-17, Southfolds Road
Oakley Hay Industrial Estate
Corby
Northamptonshire
NN18 9EU

Industrial Estate Investment

Let to Corby Borough Council until 2081 (no breaks)
Approximately 4,900 sq m (52,740 sq ft)
Approximate site area of 1.5 hectares (3.7 acres)
Five Yearly Upwards Only Geared Reviews
Located in established industrial area
Six Week Completion

Lot
12
Auction
23rd May 2013
Rent
£133,626 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Important Update Interested?

Expand
Photos
Map

Industrial Estate Investment

Let to Corby Borough Council until 2081 (no breaks)
Approximately 4,900 sq m (52,740 sq ft)
Approximate site area of 1.5 hectares (3.7 acres)
Five Yearly Upwards Only Geared Reviews
Located in established industrial area
Six Week Completion

Lot 12
Auction 23rd May 2013
Rent £133,626 per Annum Exclusive
Status Sold Post
Price
Sector
Industrial, Warehouse
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 20 miles north-east of Northampton, 26 miles west of Peterborough
Roads: A6003, A6014
Rail: Corby Rail Station (direct to London St Pancras)
Air: East Midlands Airport

Situation

The property is situated within an established industrial location on the southern side of South Folds Road, to the south-west of the town centre. Nearby occupiers include Peavey Electronics Limited, Jayplas Recycling, Norbrook Laboratories and Joules Clothing.

Tenure

Long Leasehold. Held for a term of 125 years from 29th September 1991 at a peppercorn rent.

Location

Miles: 20 miles north-east of Northampton, 26 miles west of Peterborough
Roads: A6003, A6014
Rail: Corby Rail Station (direct to London St Pancras)
Air: East Midlands Airport

Situation

Tenure

Long Leasehold. Held for a term of 125 years from 29th September 1991 at a peppercorn rent.

Description

The property comprises an industrial estate of four terrace blocks providing twenty individual light industrial and warehouse units, some of which have been combined.

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 an industrial estate of four terrace blocks providing twenty individual light industrial and warehouse units, some of which have been combined.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Units	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
1-17	Ground	Light Industrial/Warehouse	4,900 sq m	(52,740 sq ft)	CORBY BOROUGH COUNCIL (1)	100 years from 29/09/1981 until 28/09/2081 on a full repairing and insuring lease	£133,626	29/09/2016 (2) and five yearly thereafter
Totals			4,900 sq m	(52,740 sq ft)			£133,626

(1) The property has been sublet. A schedule of the subtenants and rents payable is available on request from the auctioneers.
(2) As to the basis of the rent review, please refer to the Third Schedule of the Underlease. Reviews are upwards only to approximately 91% of the income received. Purchasers however should satisfy themselves as to the accuracy of this.