Unit 2, Martin Close Blenheim Industrial Estate Nottingham Nottinghamshire NG6 8UW

Unit 2, Martin Close
Blenheim Industrial Estate
Nottingham
Nottinghamshire
NG6 8UW

Well Located Industrial Investment

Let to SGS United Kingdom Limited on a new 10 year lease (subject to option)
Prominent corner position in a well established industrial estate
Close to city centre and M1 Motorway (Junction 26)
Approximate site area of 0.29 hectares (0.72 acres)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
72
Auction
23rd March 2016
Rent
£47,500 per Annum Exclusive
Status
Sold
Price
£584,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Well Located Industrial Investment

Let to SGS United Kingdom Limited on a new 10 year lease (subject to option)
Prominent corner position in a well established industrial estate
Close to city centre and M1 Motorway (Junction 26)
Approximate site area of 0.29 hectares (0.72 acres)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 72
Auction 23rd March 2016
Rent £47,500 per Annum Exclusive
Status Sold
Price £584,000
Sector
Industrial, Warehouse
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 5 miles north-west of Nottingham,16 miles north-east of Derby, 32 miles south-east of Sheffield
Roads: A6002, A610, M1 (Junction 26)
Rail: Bulwell Rail
Air: East Midlands Airport

Situation

The property is situated in the well established 60 acre Blenheim Industrial Estate in Nottingham’s principal industrial estate, located just 2 miles from of the M1 Motorway (junction 26) and 5 miles north-west of the city centre. The property occupies a prominent corner position on Martin Close at its junction with Bennerley Road.

Tenure

Long Leasehold. Held from Nottingham City Council for a term of 125 years from 25th March 1984 at a peppercorn rent.

Location

Miles: 5 miles north-west of Nottingham,16 miles north-east of Derby, 32 miles south-east of Sheffield
Roads: A6002, A610, M1 (Junction 26)
Rail: Bulwell Rail
Air: East Midlands Airport

Situation

Tenure

Long Leasehold. Held from Nottingham City Council for a term of 125 years from 25th March 1984 at a peppercorn rent.

Description

The property comprises a substantial detached industrial unit with self-contained office accommodation and three loading doors. The property benefits from a large service yard with an approximate total site area of 0.29 hectares (0.72 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	Reversion
Ground Ground	Industrial Office/Ancillary	861.5 sq m 979.0 sq m	(9,273 sq ft) (1,265 sq ft)	SGS UNITED KINGDOM LIMITED (1)	10 years from 23/10/2015 until 22/10/2025 on a full repairing and insuring lease (2)	£47,500	23/10/2020 (3)
Totals		1,840.5 sq m	(10,538 sq ft)			£47,500

(1) For the year ending 31st December 2014, SGS United Kingdom Limited reported a turnover of £130,377,000, pre-tax profits of £14,696,000 and a total net worth of £33,738,000. (Source: www.riskdisk.com 16/02/2016)
(2) The lease is subject to a schedule of condition.
(3) The lease provides an option determine on 23rd October 2020.