Land and Buildings on the North Side of Retford Road Worksop Nottinghamshire S80 2PY

Land and Buildings on the North Side of Retford Road
Worksop
Nottinghamshire
S80 2PY

Freehold Industrial/Office Investment

Substantial industrial/office accommodation located some 1.5 miles from Worksop town centre
Important September 2011 rent review
Large on-site car park and yard
Approximate site area of 0.56 hectares (1.39 acres)
Nearby occupiers include Dukeries Business Centre and Pressure Engineering International
Six week completion available

Lot
27
Auction
9th December 2010
Rent
£48,600 per Annum Exclusive
Status
Sold
Price
£490,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Industrial/Office Investment

Substantial industrial/office accommodation located some 1.5 miles from Worksop town centre
Important September 2011 rent review
Large on-site car park and yard
Approximate site area of 0.56 hectares (1.39 acres)
Nearby occupiers include Dukeries Business Centre and Pressure Engineering International
Six week completion available

Lot 27
Auction 9th December 2010
Rent £48,600 per Annum Exclusive
Status Sold
Price £490,000
Sector
Office
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

21 miles south-east of Sheffield; 29 miles north of Nottingham; 49 miles south-east of Leeds
Roads: A57, A60, A1, M1 (Junction 30)
Rail: Worksop Railway Station
Air: Sheffield City Airport

Situation

The property is located on the northern side of Retford Road in a mixed commercial and residential area, approximately 1.5 miles south-east of the market town of Worksop. Nearby business occupiers include Dukeries Business Centre and Pressure Engineering International together with several retailers along Retford Road.

Tenure

Freehold.

Location

21 miles south-east of Sheffield; 29 miles north of Nottingham; 49 miles south-east of Leeds
Roads: A57, A60, A1, M1 (Junction 30)
Rail: Worksop Railway Station
Air: Sheffield City Airport

Situation

Tenure

Freehold.

Description

The property comprises a MODERN TWO STOREY OFFICE UNIT which connects directly to a LARGE SINGLE STOREY INDUSTRIAL/ FACTORY UNIT to the eastern side of the site. The industrial/factory unit benefits from two roller shutter doors and a mezzanine area currently used for OFFICE ACCOMMODATION. The property also benefits from a LARGE ON-SITE CAR PARK AND YARD and has a total approximate site area of 0.56 hectares (1.39 acres).

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not 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	Review
Ground & First	Office/Industrial	1,803.98 sq m	(19,418 sq ft)	SPX INTERNATIONAL LIMITED (1)	10 years from 11/09/2006 on a full repairing and insuring lease (2)	£48,600	11/09/2011
Totals		1,803.98 sq m	(19,418 sq ft)			£48,600

(1) For the year ending 31st December 2009, SPX International Limited reported a turnover of £63,398,000, pre-tax profits of £14,441,000 and a total net worth of £60,141,000. (Source: www.riskdisk.com 02/11/2010) SPX International Ltd is a subsidiary of SPX Corporation, who founded as an automotive components supplier and are today a global, Fortune 500, multi-industry company. (Source: www.spx.com 05/11/2010)(2) Please note that the lease is subject a schedule of condition.