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
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.
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.
Contacts
Seller's Solicitors
Kuits Steinart Levy LLP 3 St Mary?s Parsonage Manchester Lancashire M3 2RD
