UPS Depot, Palmer Drive, Bessell Lane Stapleford Nottingham Nottinghamshire NG9 7BW

UPS Depot, Palmer Drive, Bessell Lane
Stapleford
Nottingham
Nottinghamshire
NG9 7BW

Freehold Substantial Industrial Investment

Let to UPS Limited until 2030 (3)
Approximate Site are 0.80 Hectares (1.97 Acres)
Site Coverage 31%
Warehouse approx. 2,586.93 sq m (27,846 sq ft)
1 mile east of M1 Motorway - Junction 25
Established industrial estate location

Lot
8
Auction
12th December 2024
Rent
£145,000 per Annum Exclusive
(3)
Status
Available
Guide*
Contact Us
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund

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Freehold Substantial Industrial Investment

Let to UPS Limited until 2030 (3)
Approximate Site are 0.80 Hectares (1.97 Acres)
Site Coverage 31%
Warehouse approx. 2,586.93 sq m (27,846 sq ft)
1 mile east of M1 Motorway - Junction 25
Established industrial estate location

Lot 8
Auction 12th December 2024
Rent £145,000 per Annum Exclusive (3)
Status Available
Guide* Contact Us
Sector
Industrial
Auction Venue
Live Streamed Auction
On Behalf of a Major Fund

Property Information

Location

Miles: 5 miles West of Nottingham City Centre, 15 miles North of Leicester, 30 miles South of Sheffield
Roads: A52, B6003, M1 (Junction 25)
Rail: Nottingham Railway Station
Air: Birmingham Airport

Situation

Stapleford is a suburb 5 miles west of Nottingham city centre. The property is situated on an established industrial estate located just off the A52 (Brian Clough Way). The A52 leads directly onto the M1 motorway via junction 25 approximately 1 mile west of the property; affording excellent access to all transportation links.

Neighbouring occupiers on the estate includes a mix of local industrial businesses.

Tenure

Freehold.

Location

Miles: 5 miles West of Nottingham City Centre, 15 miles North of Leicester, 30 miles South of Sheffield
Roads: A52, B6003, M1 (Junction 25)
Rail: Nottingham Railway Station
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial industrial unit which benefits from an eaves height of approximately 3.8m (12 ft) and 3 vehicle access doors and a loading bay with 6 loading docks.

The property also benefits from a site area of 0.80 Hectares (1.97 Acres) with a site coverage of approximately 31%.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is not applicable to this lot.

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 sq m (1)	Floor Areas Approx sq ft (1)	Tenant	Term	Rent p.a.x.	Reversion
Ground	Industrial	2,586.93	(27,846)	UPS LIMITED (crn: 01933173) (2)	20 years from 5th May 2010 (3)	£145,000 (3)	4th May 2030
Total Approximate Floor Area		2,586.93	(27,846)			£145,000 (3)

(1) The floor areas stated above have been taken from the Valuation Office Agency (https://www.gov.uk/find-business-rates)
(2) For the year ending 31st December 2022 UPS Limited (crn 01933173) reported a Turnover of £1,185,214,000. Pre Tax Profits of £99,340,000. and Total Equity of £745,731,000.. (Source: Annual Report and Financial Statements for 31st December 2022 as published by Companies House).
(3) The property is let to UPS Limited (crn01933173) until 4th May 2030 by virtue of a lease from 5th May 2010 until 4th May 2020 and a lease from 5th May 2020 until 4th May 2025 and a Reversionary lease from 5th May 2025 until 4th May 2030. The rent reserved under the current lease id £96,000 per annum exclusive. The rent reserved under the reversionary lease is £145,000 per annum exclusive. The Seller will pay the Buyer the difference between the current rent reserved of £96,000 per annum exclusive and £145,000 per annum exclusive from completion of the sale until the commence of the Reversionary lease on 5th March 2025. Therefore the property will produce £145,000 per annum exclusive from completion of the sale.

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.