Corby furniture warehouse sold in sale-and-leaseback deal

Eddisons’ Peterborough agency team has completed the sale of 5 Macadam Road, comprising a 96,000sqft industrial / warehouse unit in Corby.

Offers were invited for the freehold investment in the region of £7.25m.

The building has been purchased on a sale and leaseback from the owner occupier, by a business investor seeking to diversify their income.

The vendor, furniture wholesaler Kettle Interiors, has signed a new 10-year lease at £540,000 per annum.

Located on Earlstrees Industrial Estate, an established employment district in the heart of Corby, the premises comprises a high bay warehouse, two showrooms, recently refurbished office accommodation and loading areas.

Eddisons Agent Simon Parsons commented: “This warehouse unit offered an excellent opportunity for potential investors looking to invest into both a strong commercial property market and a well-established business.

“Eddisons provided investment advice and whilst the market was slowing, secured good interest, which resulted in the sale of the property.”

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