Units A, B & C, Electric Estate Stores Road Derby Derbyshire DE21 4BD
Units A, B & C, Electric Estate Stores Road Derby Derbyshire DE21 4BD
Substantial Freehold Industrial Investment
Let to Scot Group Limited t/a Thrifty Car Hire, G P Motors Limited and Vertu Motors (Property) Limited
Comprises Three Substantial Prominent Industrial Units
Approximately 1,874.30 sq m (20,175 sq ft)
Popular Industrial Estate and Car Dealership Location
Nearby Occupiers Include Agents for Alfa Romeo, Jeep, Honda, Hyundai, Skoda, Nissan, Peugeot, Citroen and Numerous Local Industrial and Trade Counter Businesses
Let to Scot Group Limited t/a Thrifty Car Hire, G P Motors Limited and Vertu Motors (Property) Limited
Comprises Three Substantial Prominent Industrial Units
Approximately 1,874.30 sq m (20,175 sq ft)
Popular Industrial Estate and Car Dealership Location
Nearby Occupiers Include Agents for Alfa Romeo, Jeep, Honda, Hyundai, Skoda, Nissan, Peugeot, Citroen and Numerous Local Industrial and Trade Counter Businesses
Lot 27
Auction 13th July 2023
Rent £78,500 per Annum Exclusive
Status Sold
Price £1,095,000
Sector Industrial, Warehouse
Auction Venue Live Streamed Auction
Property Information
Location
Miles
12 miles east of Nottingham, 35 miles north-east of Birmingham, 25 miles north-west of Leicester
Roads
A52, A38, M1
Rail
Derby Midland Railway Station
Air
East Midlands Airport
Situation
The property is prominently positioned on Mansfield Road at its junction with Stores Road, with two of the Industrial units fronting Mansfield Road and the third unit fronting Stores Road. The immediate locality is a largely industrial and popular car dealership location with nearby occupiers including agents for Alfa Romeo, Jeep, Honda, Hyundai, Skoda, Nissan, Peugeot, and Bristol Street Motors and numerous local industrial and trade counter businesses.
Tenure
Freehold.
Location
Miles
12 miles east of Nottingham, 35 miles north-east of Birmingham, 25 miles north-west of Leicester
Roads
A52, A38, M1
Rail
Derby Midland Railway Station
Air
East Midlands Airport
Situation
The property is prominently positioned on Mansfield Road at its junction with Stores Road, with two of the Industrial units fronting Mansfield Road and the third unit fronting Stores Road. The immediate locality is a largely industrial and popular car dealership location with nearby occupiers including agents for Alfa Romeo, Jeep, Honda, Hyundai, Skoda, Nissan, Peugeot, and Bristol Street Motors and numerous local industrial and trade counter businesses.
Tenure
Freehold.
Description
The property comprises three Industrial / Automobile Repair Shop units comprising approximately 1,874.30 sq m (20,175 sq ft). All the units benefit from a eaves height of approximately 5.00 metres (16 ft) , vehicle access loading doors and forecourt car parking.
VAT
VAT is applicable to this lot.
EPC
See Legal pack.
Description
The property comprises three Industrial / Automobile Repair Shop units comprising approximately 1,874.30 sq m (20,175 sq ft). All the units benefit from a eaves height of approximately 5.00 metres (16 ft) , vehicle access loading doors and forecourt car parking.
SCOT GROUP LIMITED (crn: 01425565) t/a Thrifty Car Hire (4)
5 years from 11/01/2021
£31,500
10/012026
Total Approximate Floor Area
1,874.30
(20,175)
£78,500
(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.gov.uk/find-business-rates) (2) Vertu Motors (Property) Limited (crn: 06048365) was incorporated in 2007 and is a automotive repair shop/dealership (3) G P Motors Limited (crn: 02825452) was incorporated in 1993 and is an automotive repair shop (4) Scot Group Limited are th largest privately owned vehicle rental company in the UK. Thrifty Car Hire are a long term UK online car and vin hire from over 100 nationwide locations (www.thrifty.co.uk). For the year ending 31/03/2022 Scot Group Limited reported a Turnover of £112,918,000, a Pre-Tax Profit of £75,053,000 and a Net Worth of £131,106,000 (NorthRow 21/06/2023).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
