Sale and partial leaseback of production/warehouse unit

The property comprises a detached industrial/factory building of steel frame construction and comprises three storeys of industrial space on the ground, first, and second floor. It is located in Earlstrees Industrial Estate in Corby within the Northampton submarket. Freehold sale of warehouse and offices of 148,818 sq. ft. on site of 6.02 acres. Leaseback c.77,600 sq. ft. Remaining units (c.70,000 sq ft) sold with vacant possession; expected rental income of c.£315,000 p.a. when let. Lease term – 10 year lease with 5 year break option. Rent review – 5 yearly upward only, linked to the retail price index. Rent - £375,000 per annum. Parental guarantee.