Units 1-8 Gauntley Court Nottingham Nottinghamshire NG7 5HD

Units 1-8 Gauntley Court
Nottingham
Nottinghamshire
NG7 5HD

Freehold Industrial Estate Investment

Comprises 8 units
Tenants include Nottingham Trent University
Site area of approximately 0.3 Ha (0.74 Acres)
Approximate site coverage of 83%
VAT Free Investment
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
Sold
Price
£1,850,000
Auction Venue
Live Streamed Auction
On behalf of Nottingham City Council

Interested?

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Freehold Industrial Estate Investment

Comprises 8 units
Tenants include Nottingham Trent University
Site area of approximately 0.3 Ha (0.74 Acres)
Approximate site coverage of 83%
VAT Free Investment
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 Sold
Price £1,850,000
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

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

VAT

VAT is not applicable to this lot.

Note

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	5 years from 19/05/2021	£17, 650	(18/05/2026)
Unit 5	Industrial	312.52	(3,363)	SWEET SUCCESS SUGARCRAFT LTD, (CRN: 06102549) t/a SWEET SUCCESS	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.