Let to PPG Architectural Coatings UK Ltd and Onlymot (MFD) Ltd (guaranteed by Weonlymot Management Ltd)
Prominent Roadside Position Fronting A6191
Located near Broadway Industrial Estate
Nearby occupiers include Jewson, Carpet Direct, Ladbrokes and Dulux
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 37
Auction 11th February 2016
Rent £60,500 per Annum Exclusive
Status Sold
Price £595,000
Sector Trade Counter/Builders Merchants
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
14 miles north of Nottingham, 22 miles south-east of Sheffield, 30 miles west of Lincoln
Roads
A6191, A60, A617
Rail
Mansfield
Air
Nottingham City Airport
Situation
Mansfield is a popular market town located midway between Sheffield and Nottingham and benefitting from good communication links, being just 7 miles east of the M1 Motorway (Junction 28). The property occupies a prominent roadside pitch fronting the A6191, less than 0.7 miles south-east of the town centre. The property is located next to Broadway Industrial Estate, which houses occupiers such as Jewson and Carpet Direct. Other nearby occupiers include Dulux and Ladbrokes.
Tenure
Freehold.
Location
Miles
14 miles north of Nottingham, 22 miles south-east of Sheffield, 30 miles west of Lincoln
Roads
A6191, A60, A617
Rail
Mansfield
Air
Nottingham City Airport
Situation
Mansfield is a popular market town located midway between Sheffield and Nottingham and benefitting from good communication links, being just 7 miles east of the M1 Motorway (Junction 28). The property occupies a prominent roadside pitch fronting the A6191, less than 0.7 miles south-east of the town centre. The property is located next to Broadway Industrial Estate, which houses occupiers such as Jewson and Carpet Direct. Other nearby occupiers include Dulux and Ladbrokes.
Tenure
Freehold.
Description
The property comprises a standalone building currently arranged as two industrial/trade counter units. The property benefits from onsite parking for approximately 15 cars.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 a standalone building currently arranged as two industrial/trade counter units. The property benefits from onsite parking for approximately 15 cars.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
24
Ground
Trade Counter (1)
226.03 sq m
(2,433 sq ft)
PPG ARCHITECTURAL COATINGS UK LTD (2) (t/a Johnstones Paints)
15 years from 02/06/2008 on a full repairing and insuring lease
£32,500
02/06/2018 (3) (01/06/2023)
24A
Ground
Motor Trade
321.90 sq m
(3,465 sq ft)
ONLYMOT (MFD) LTD (4) (with Guarantee)
Approx 5 years 6 months from 29/09/2015 on a full repairing and insuring lease
£28,000
(24/03/2021)
Totals
547.93 sq m
(5,898 sq ft)
£60,500
(1) Planning permission was granted in 2008 for the change of use of unit 24 from a Tyre Fitting Unit to class B8 Storage and Distribution Unit with Trade Counter and Ancillary Office (Mansfield District Council Planning Ref: 2008/0233/ST). (2) For the year ending 31st December 2014, PPG Architectural Coatings UK Limited reported a turnover of £214,019,000, pre-tax profits of £31,336,000 and a total net worth of £130,952,000. (Source: Experian Group 11/01/2016) (3) The lease of Unit 24 provides the option to determine on 01/06/2021. The 2018 rent review is fixed at nil increase. (4) Onlymot (MFD) Ltd trades as weonlymot.co.uk and has 9 stores across the UK providing a unique, unbiased service of only offering MOTs (Source: weonlymot.co.uk – 11/01/2016).
Contacts
Seller's Solicitors
Helder Roberts and Co 58 / 60 The square Chagford Devon TQ13 8AE
