PROPERTIES

Kettering Conference Centre, Thurston Drive, Kettering NN15 6PB

Price£9,340,000

PDF DETAILS

Kettering Conference Centre, Thurston Drive, Kettering NN15 6PB

  • Price£9,340,000
  • Income£797,642
  • Yield8%
  • SectorOther
  • StatusAvailable
PDF DETAILS

Unique Conference Centre Investment Opportunity With Annual Fixed Increases of 2.5%

Summary

  • Purpose built multi use conference / leisure centre located on the outskirts of Kettering on a site of 9.4 acres.
  • The site includes a theatre, health club, sports area, children’s soft play area and conference facilities.
  • Site utilised by Volleyball England
  • Property let to Compass Contract Services (U.K) Limited with a guarantee from Compass Group Holdings Plc.
  • Compass Contract Services (U.K) Limited (tenant) has a turnover of £1.5Bn and shareholder’s funds of £562M for the year ending 30th September 2020
  • Compass Group Holdings Plc (Guarantor) has a turnover of £249.1M, pre-tax profits of £42.8M and net assets of £4.56Bn for the year ending 30th September 2020
  • Total rent of £797,642 pa
  • Annual fixed increases of 2.5% pa with the next increase on 1st April 2023
  • Offers in excess of £9.34M subject to contract and exclusive of VAT
  • A net initial yield of 8% rising annually