Established Industrial Estate currently comprising 11 Units
Total Floor Area of approx. 1,521.76 sq m (16,375 sq ft)
Site Area of Approx. 0.34 Ha (0.85 Acres)
Site Coverage of Approx. 44%
Immediate Asset Management Opportunities
Popular Residential Suburb Location
Neighbouring Occupiers Include Numerous Local Trade Counter and Industrial Businesses
Lot 18
Auction 15th February 2024
Rent £105,360 per Annum Exclusive
Status Sold
Price £1,370,000
Sector Industrial, Warehouse
Auction Venue Live Streamed Auction
Property Information
Location
Miles
17 miles north of Loughborough, 43 miles south of Sheffield, 51 miles north-east of Birmingham
Roads
A60, A610, A6514, A6200, M1
Rail
Nottingham
Air
East Midlands Airport
Situation
Nottingham is regarded as the capital of the East Midlands and is approximately 17 miles north of Loughborough and 51 miles north-east of Birmingham. The property boasts excellent communication links being next to the A610 which links to the M1 (4.5 miles to the west). The property is situated 1.2 miles north-west of Nottingham City Centre in an established industrial location, surrounded by a densely populated residential suburb, with the immediate locality popular with student accommodation providers. Neighbouring occupiers include numerous local trade counter and industrial businesses.
Tenure
Freehold.
Location
Miles
17 miles north of Loughborough, 43 miles south of Sheffield, 51 miles north-east of Birmingham
Roads
A60, A610, A6514, A6200, M1
Rail
Nottingham
Air
East Midlands Airport
Situation
Nottingham is regarded as the capital of the East Midlands and is approximately 17 miles north of Loughborough and 51 miles north-east of Birmingham. The property boasts excellent communication links being next to the A610 which links to the M1 (4.5 miles to the west). The property is situated 1.2 miles north-west of Nottingham City Centre in an established industrial location, surrounded by a densely populated residential suburb, with the immediate locality popular with student accommodation providers. Neighbouring occupiers include numerous local trade counter and industrial businesses.
Tenure
Freehold.
Description
The property comprises a secure 11 unit industrial estate in 4 separate buildings, with a total floor area of approximately 1,521.76 sq m (16,375 sq ft) upon a site area of 0.34 Ha (0.85 Acres).
The property has a site coverage of approximately 44% providing ample car parking.
VAT
VAT is not applicable to this lot.
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller an additional 2% (VAT not applicable) of the purchase price and a contribution towards the Seller's costs and fees plus VAT.
The property is being offered for sale subject to an overage provision in the Special Conditions of Sale, a copy of is available within the legal pack.
EPC
EPC's are available to inspect within the legal pack.
Description
The property comprises a secure 11 unit industrial estate in 4 separate buildings, with a total floor area of approximately 1,521.76 sq m (16,375 sq ft) upon a site area of 0.34 Ha (0.85 Acres).
The property has a site coverage of approximately 44% providing ample car parking.
VAT
VAT is not applicable to this lot.
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller an additional 2% (VAT not applicable) of the purchase price and a contribution towards the Seller's costs and fees plus VAT.
The property is being offered for sale subject to an overage provision in the Special Conditions of Sale, a copy of is available within the legal pack.
EPC
EPC's are available to inspect within the legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Review/(Reversion)
Unit 1
Ground
Industrial
203.40
(2,189)
A14 NFB LIMITED (CRN 03858804) (1)
Periodic Tenancy
£12,870
18/12/2024
Unit 2
Ground
Industrial
201.00
(2,163)
HIMMAH (2)
Periodic Tenancy
£15,300
21/09/2026
Unit 3
Ground
Industrial
204.20
(2,197)
RETEX RECYCLING LTD (CRN 08241114) (3)
3 years from 17/12/2021
£13,150
17/12/2024 (16/12/2024)
Unit 4 & 5
Ground
Industrial
402.20
(4,329)
PPG ARCHITECTURAL COATINGS UK LTD (CRN 00436135) t/a Johnstones Decorating Centre (4)
10 years from 01/08/2013 until 20/04/2024 (4)
£28,400
01/08/2023 (20/04/2024) (4)
Unit 6 & 7
Ground
Industrial
109.40
(1,177)
INDIVIDUAL
Periodic Tenancy
£7,600
01/10/2024
Unit 8
Ground
Industrial
54.70
(588)
IQBAL SOLUTIONS LTD (CRN 10356604) (5)
5 years from 12/07/2019
£4,550
12/07/2024 (11/07/2024)
Unit 9
Ground
Industrial
53.31
(573)
INDIVIDUAL
Periodic Tenancy
£4,150
18/12/2024
Unit 10
Ground
Industrial
94.95
(1,022)
INDIVIDUAL
Periodic Tenancy
£6,650
18/12/2024
Unit 11
Ground
Industrial
198.60
(2,137)
INDIVIDUAL
Periodic Tenancy
£12,690
18/12/2024
Total Approximate Floor Area
1,521.76
(16,375) (6)
£105,360
(1) A14 NFB Limited (CRN 03858804) were incorporated in October 1999. See www.a14print.co.uk). (2) HIMMAH are a charity register under no. 1161021. They are a social justice organisation with a mission to tackle food poverty, racism and educational inequalities. See www.himmah.org. (3) Retex Recycling Limited (CRN 08241114) were incorporated in October 2022 and operate from 2 units in Nottingham. See www.retextrecycling.co.uk). (4) As to Units 4 and 5, PPG Architectural Coating UK Limited (CRN 00436135) were incorporated in June 1947 and operate from 200 units nationwide. See www.johnstonesdc.com. The Seller has served a s25 Notice on the tenant. The lease will end on 20th April 2024. (5) Iqbal Solutions Limited (CRN 10356604) were incorporated in September 2016. (6) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
