Let to Stora Enso UK Ltd on a recently agreed reversionary lease
Well established and strategically located business park
Approximately 212.601 sq m (2,284 sq ft)
Nearby occupiers include DVLA, The Highways Agency, David Wilson Homes and The Notttingham Belfry Hotel
Lot 14
Auction 11th December 2014
Rent £32,335 per Annum Exclusive
Status Sold
Price £305,000
Sector Office
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
4 miles north-west of Nottingham city centre
28 miles north of Leicester
34 miles south of Sheffield
50 miles north-east of Birmingham
Roads
M1 (Junction 26), A610
Rail
Nottingham Rail Station
Air
Nottingham Airport
Situation
The property is situated within the Ash Tree Court office development on the well established and strategically located Nottingham Business Park off Woodhouse Way, one mile south of Junction 26 of the M1. The property enjoys good access to the commercial centres of Sheffield to the north and Loughborough and Leicester to the south. Nearby occupiers include DVLA, The Highways Agency, David Wilson Homes and The Notttingham Belfry Hotel.
Tenure
Freehold.
Location
Miles
4 miles north-west of Nottingham city centre
28 miles north of Leicester
34 miles south of Sheffield
50 miles north-east of Birmingham
Roads
M1 (Junction 26), A610
Rail
Nottingham Rail Station
Air
Nottingham Airport
Situation
The property is situated within the Ash Tree Court office development on the well established and strategically located Nottingham Business Park off Woodhouse Way, one mile south of Junction 26 of the M1. The property enjoys good access to the commercial centres of Sheffield to the north and Loughborough and Leicester to the south. Nearby occupiers include DVLA, The Highways Agency, David Wilson Homes and The Notttingham Belfry Hotel.
Tenure
Freehold.
Description
The property comprises modern self-contained office accommodation on the ground and first floors and benefits from one on-site car parking space.
Six Week Completion
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 modern self-contained office accommodation on the ground and first floors and benefits from one on-site car parking space.
Six Week Completion
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First
Office Office
104.60 sq m 107.60 sq m
(1,126 sq ft) (1,158 sq ft)
STORA ENSO UK LIMITED (1)
10 years from 30/04/2010 on a full repairing and insuring lease (2)
£32,335
29/04/2020
Totals
212.20 sq m
(2,284 sq ft)
£32,335
(1) For the year ending 31st December 2013, Stora Enso UK Limited reported a turnover of £8,139,000, pre-tax profits of £282,000 and a total net worth of £2,016,000. (Source: www.riskdisk.com 12/11/2014) (2)The tenant occupies the property under a lease for a term of 5 years from 30th April 2010 until 29th April 2015 at a current rent reserved of £32,335 p.a.x. The parties have signed a reversionary lease for a term of 5 years from 30th April 2015 at a reserved rent of £32,335 p.a.x. The lease is subject to a tenant option to determine on the 30th July 2018. (3)The areas stated have been taken from www.2010.voa.gov.uk.
