Unit G4, Ash Tree Court Nottingham Business Park Nottingham Nottinghamshire NG8 6PY

Unit G4, Ash Tree Court
Nottingham Business Park
Nottingham
Nottinghamshire
NG8 6PY

Freehold Office Investment

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
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Office Investment

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

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.