Northcliffe House Meadow Road Derby Derbyshire DE1 2BH

Northcliffe House
Meadow Road
Derby
Derbyshire
DE1 2BH

Modern Freehold Warehouse and Office Investment with Majority Vacant Possession

Approximately 7,480 sq m (80,521 sq ft)
Within walking distance of Derby City Centre and Derby Railway Station
Established industrial area close to A52 and Derby City Inner Ring Road
Substantial site of 1.943 hectares (4.8 acres) with car parking for approximately 190 cars

Lot
37
Auction
11th December 2014
Rent
£119,110 per Annum Exclusive
Status
Sold
Price
£900,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the Instructions of Helix Property Advisors

Important Update Interested?

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Modern Freehold Warehouse and Office Investment with Majority Vacant Possession

Approximately 7,480 sq m (80,521 sq ft)
Within walking distance of Derby City Centre and Derby Railway Station
Established industrial area close to A52 and Derby City Inner Ring Road
Substantial site of 1.943 hectares (4.8 acres) with car parking for approximately 190 cars

Lot 37
Auction 11th December 2014
Rent £119,110 per Annum Exclusive
Status Sold
Price £900,000
Sector
Office
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the Instructions of Helix Property Advisors

Property Information

Location

Miles: 15 miles west of Nottingham, 31 miles north-west of Leicester, 52 miles north-east of Birmingham
Roads: A52, A38, A6, A50, M1 (Junction 25)
Rail: Derby Railway Station
Air: East Midlands Airport, Birmingham Airport

Situation

The property is situated to the west of Derby City Centre on the northern side of Meadow Road which is accessed directly from the Derby Inner Ring Road.
The property lies adjacent to the Meadow Road Bus Depot and within walking distance of the city centre, the Bus Station and the Railway Station.

Tenure

Freehold.

Location

Miles: 15 miles west of Nottingham, 31 miles north-west of Leicester, 52 miles north-east of Birmingham
Roads: A52, A38, A6, A50, M1 (Junction 25)
Rail: Derby Railway Station
Air: East Midlands Airport, Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial building providing warehouse and office accommodation. The warehouse element comprises two adjoining units and benefits from loading bays and ancillary office accommodation. The office element comprises a range of modern suites over ground and mezzanine floors. The property benefits from an approximate site area of 1.943 hectares (4.8 acres), providing some 190 car parking spaces.

Six Week Completion

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Telephone: +44 (0)20 7034 4861.

EPC

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

Description

VAT

VAT is applicable to this lot.

Viewings

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	Office/Storage	1,142.52 sq m	(12,298 sq ft)	LOCAL WORLD LIMITED (1)	2 years from 06/03/2014 (2)	£79,110	01/12/2016
Ground/Mezzanine	Office	697.05 sq m	(7,503 sq ft)	WOWCHER LIMITED (3)	1 year 5 months from 24/06/2014 (4)	£40,000	01/12/2015
Ground – Suite A Ground – Suite C First – Suite D First – Suite E Ground Ground	Office Office Warehouse Warehouse Warehouse Warehouse	226.03 sq m 267.00 sq m 326.18 sq m 280.00 sq m 53.97 sq m 4,487.86 sq m	(2,433 sq ft) (2,874 sq ft) (3,511 sq ft) (3,014 sq ft) (581 sq ft) (48,307 sq ft)	VACANT POSSESSION	-	-	-
Totals		7,480.61 sq m	(80,521 sq ft)			£119,110

(1) For the year ending 29/12/2013, Local World Limited reported a turnover of £230,579,000, pre-tax profits of £12,749,000 and a total net worth of £5,004,000. (Source: www.riskdisk.com 28/10/2014)
(2)The lease to Local World Limited provides a mutual rolling option to determine from the first anniversary of the term.
(3) Wowcher Limited is an online marketing business which uses bulk buying to offer unbeatable deals on things to do, see, eat and buy in a variety of cities in the UK (Source: www.wowcher.co.uk 03/11/2014).
(4) The lease to Wowcher Limited provides a mutual rolling option to determine, subject to 6 months’ notice. Please refer to the legal documents.