Neighbouring occupiers include numerous local trade counters, industrial businesses and Nottinghamshire Police
Lot 15
Auction 13th February 2025
Rent £156,285 per Annum Exclusive with Unit 3 to be let
Status Available
Guide* £1,900,000
Sector Industrial, Warehouse
Auction Venue Live Streamed Auction
On behalf of Nottingham City Council
Property Information
Location
Miles
Approximately 1.5 miles from Nottingham City Centre and 30 miles from Leicester
Roads
A610, A60, A6514
Rail
Nottingham Railway Station
Air
East Midlands Airport
Situation
The property is prominently situated on the corner between Ward Street and Radford Road in a predominantly residential suburb, approximately 1.5 miles north-west of Nottingham City Centre. Neighbouring occupiers include Bathrooms Nottm ltd, ESB developments, Vegetology and Radford Road Police Station.
Tenure
Freehold.
Location
Miles
Approximately 1.5 miles from Nottingham City Centre and 30 miles from Leicester
Roads
A610, A60, A6514
Rail
Nottingham Railway Station
Air
East Midlands Airport
Situation
The property is prominently situated on the corner between Ward Street and Radford Road in a predominantly residential suburb, approximately 1.5 miles north-west of Nottingham City Centre. Neighbouring occupiers include Bathrooms Nottm ltd, ESB developments, Vegetology and Radford Road Police Station.
Tenure
Freehold.
Description
The property is a substantial industrial estate comprising two terrace buildings, which have been separated into eight industrial units. The property benefits from customer parking in the front and rear and between the terraces. The property has a total approximate site area of 0.3 Ha (0.74 Acres) and a site coverage of 83%.
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 sum (VAT not applicable) as a contribution towards the Seller costs. 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
All Units have a valid Energy Performance Certificate that is compliant with the MEES regulations. See Legal Pack.
Description
The property is a substantial industrial estate comprising two terrace buildings, which have been separated into eight industrial units. The property benefits from customer parking in the front and rear and between the terraces. The property has a total approximate site area of 0.3 Ha (0.74 Acres) and a site coverage of 83%.
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 sum (VAT not applicable) as a contribution towards the Seller costs. 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
All Units have a valid Energy Performance Certificate that is compliant with the MEES regulations. See Legal Pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx (sq ft)
Tenant
Term
Rent p.a.x.
Rent Reviews (Reversion)
Unit 1
Industrial
312.61
(3,364)
INDIVIDUAL t/a UMBRELLA REMOVALS AND STORAGE
5 years from 19/05/2021 until 18/05/2026
£22,000
(18/05/2026)
Unit 2
Industrial
312.33
(3,361)
ESB DEVELOPMENTS LIMITED (CRN: 07195526)
Periodic Tenancy for a term of 12 months from 19/11/2024. Subject to a 6 month mutual option to determine .
£26,735
(18/11/2025)
Unit 3
Industrial
312.61
(3,364)
VACANT POSSESION
Unit 4
Industrial
312.61
(3,364)
RMK PAINT FINISHERS (CRN: 03484697) t/a RMK POWER COATERS
Periodic Tenancy from 18/07/2011. Subject to a 6 month mutual option to determine .
£22,475
23/07/2027
Unit 6
Industrial
312.61
(3,364)
NOTTINGHAM TRENT UNIVERSITY
Periodic Tenancy for a term of 12 months from 19/05/2021. Subject to a 6 month mutual option to determine .
£22,475
23/07/2027
Unit 7
Industrial
312.61
(3,364)
SWEET SUCCESS SUGARCRAFT LTD (CRN: 06102549)
3 years from 23/07/2024 until
£22,475
(22/07/2027)
Unit 8
Industrial
312.61
(3,364)
SWEET SUCCESS SUGARCRAFT LTD (CRN: 06102549)
Periodic Tenancy for a term of 12 months from 25/11/2013. Subject to a 6 month mutual option to determine .
£22,475
23/07/2027
Total approximate floor area
2,500.50
26, 908
£156,285
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.
