Lands Tribunal Document Store, Unit H, 6 Pavilion Way Castle Business Park Loughborough Leicestershire LE11 5GW

Lands Tribunal Document Store, Unit H, 6 Pavilion Way
Castle Business Park
Loughborough
Leicestershire
LE11 5GW

Freehold Industrial Investment

Let to The First Secretary of State
Used as National Document Store for Lands Tribunal
Approximately 755.65 sq m (8,134 sq ft)
Strategic and established industrial location

Lot
57
Auction
23rd October 2014
Rent
£42,725 per Annum Exclusive
Status
Sold
Price
£575,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Industrial Investment

Let to The First Secretary of State
Used as National Document Store for Lands Tribunal
Approximately 755.65 sq m (8,134 sq ft)
Strategic and established industrial location

Lot 57
Auction 23rd October 2014
Rent £42,725 per Annum Exclusive
Status Sold
Price £575,000
Sector
Industrial, Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 12 miles north of Leicester; 16 miles south of Nottingham; 42 miles north-east of Birmingham
Roads: A6, A60, A6004, M1 (Junction 23)
Rail: Loughborough Rail Station
Air: East Midlands Airport

Situation

Castle Business Park is located off Jubilee Drive in the main Belton Road Industrial Estate. The business park is accessed from the A6004 which links to the A60 (Nottingham Road) to the north-east and A512 to the west and onwards to Junction 23 of the M1. The property is prominently located on the west side of Pavilion Way at its junction with Bottleacre Lane. Nearby occupiers include, Bosch, VBC Group, PTS, Dulux, and Plumb Center.

Tenure

Freehold.

Location

Miles: 12 miles north of Leicester; 16 miles south of Nottingham; 42 miles north-east of Birmingham
Roads: A6, A60, A6004, M1 (Junction 23)
Rail: Loughborough Rail Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property forms a modern end of terrace industrial building comprising ground floor warehouse accommodation (with a mezzanine providing further ancillary accommodation). The property benefits from a vehicle accessible loading door and a front yard with parking.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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 Mezzanine	Warehouse	755.65 sq m	(8,134 sq ft)	THE FIRST SECRETARY OF STATE (1)	15 years from 20/12/2002 on a full repairing and insuring lease	£42,725	19/12/2017
Totals		755.65 sq m	(8,134 sq ft)			£42,725