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

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
23rd May 2019
Rent
£240,648 per Annum Exclusive
Status
Sold
Price
£2,850,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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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 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

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

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

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.