3 Castle Quay (aka Unit 2 Castle Court) Castle Boulevard Nottingham Nottinghamshire NG7 1FW

  • 3 Castle Quay (aka Unit 2 Castle Court)<br>Castle Boulevard<br>Nottingham<br>Nottinghamshire<br>NG7 1FW

3 Castle Quay (aka Unit 2 Castle Court)
Castle Boulevard
Nottingham
Nottinghamshire
NG7 1FW

Freehold Office Investment

  • Located on established purpose built office park
  • Let to Heart Internet Limited
  • 10 minute walk to Nottingham City Centre and half a mile to railway station
  • 12 car parking spaces
  • Lot
    6
  • Auction
    14th February 2018
  • Rent
    £56,600 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Institution
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Freehold Office Investment

  • Located on established purpose built office park
  • Let to Heart Internet Limited
  • 10 minute walk to Nottingham City Centre and half a mile to railway station
  • 12 car parking spaces
  • Lot 6
  • Auction 14th February 2018
  • Rent £56,600 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Institution

Property Information

Location
Miles
1 mile west of Nottingham City Centre, 29 miles north of Leicester, 38 miles south-east of Sheffield
Roads
A6005, A52, A60, M1 (Junction 26)
Rail
Nottingham Railway Station
Air
East Midlands Airport
Situation

The property is situated on an established purpose built office park 1 mile west of Nottingham city centre, just off Castle Boulevard (A6005), which offers direct access to the city centre. The surrounding area is mixed use, providing office, retail and residential uses. Castle Marina Retail Park, accessed via a nearby walkway, is located to the south of the property and houses occupiers including Currys, DFS, Mothercare, Pets at Home, Carpetright and Costa Coffee.
Castle Quay is home to occupiers including Harley Medical and Secretary of State. A number of new residential schemes have been built along Castle Boulevard, including Castle Point, an exclusive luxury development.

Tenure

Freehold.

Location
Miles
1 mile west of Nottingham City Centre, 29 miles north of Leicester, 38 miles south-east of Sheffield
Roads
A6005, A52, A60, M1 (Junction 26)
Rail
Nottingham Railway Station
Air
East Midlands Airport
Situation

The property is situated on an established purpose built office park 1 mile west of Nottingham city centre, just off Castle Boulevard (A6005), which offers direct access to the city centre. The surrounding area is mixed use, providing office, retail and residential uses. Castle Marina Retail Park, accessed via a nearby walkway, is located to the south of the property and houses occupiers including Currys, DFS, Mothercare, Pets at Home, Carpetright and Costa Coffee.
Castle Quay is home to occupiers including Harley Medical and Secretary of State. A number of new residential schemes have been built along Castle Boulevard, including Castle Point, an exclusive luxury development.

Tenure

Freehold.

Description

The property is arranged to provide a three storey office building. Kitchenette and WC facilities are provided on each floor and the property benefits from 12 car parking spaces.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from conversion to residential use, subject to the current occupation and the necessary consents/permissions. Interested parties are referred to Nottingham City Council, www.nottinghamcity.gov.uk

Completion Period

Six Week Completion

EPC

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

Description

The property is arranged to provide a three storey office building. Kitchenette and WC facilities are provided on each floor and the property benefits from 12 car parking spaces.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from conversion to residential use, subject to the current occupation and the necessary consents/permissions. Interested parties are referred to Nottingham City Council, www.nottinghamcity.gov.uk

Completion Period

Six Week Completion

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
Second
Office
Office
Office
171.68 sq m
170.00 sq m
159.51 sq m
(1,848 sq ft)
(1,830 sq ft)
(1,717 sq ft)
HEART
INTERNET
LIMITED (1)
5 years and 35 days
from 27/04/2016 (2) on
a full repairing and
insuring lease
£56,600 2021 (2)
Total
501.19 sq m (5,395 sq ft)     £56,600  

(1) For the year ended 31st December 2016, Heart Internet Limited reported a turnover of £16,385,000, pre-tax profits of £8,631,000 and a total net worth of £35,344,000 (Source : Experian 12/01/2018). Website : www.heartinternet.uk
(2) Tenant’s option to break in 2019 upon 6 months’ notice.

Contacts

Seller's Solicitors
Wilkes Partnership 41 Church Street
Birmingham
B3 2RT
Grahame Griffiths 0121 233 4333ggriffiths@wilkes.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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