Morrisons Car Park, Green Lane Clifton Nottingham Nottinghamshire NG11 9LQ

Morrisons Car Park, Green Lane
Clifton
Nottingham
Nottinghamshire
NG11 9LQ

Freehold Ground Rent Investment

Let to WM Morrisons Supermarkets Limited until 2134
Approximate site area of 0.49 Ha (1.22 Acres)
Comprises approximately 146 car parking spaces
Located in a popular suburb
Well located being approximately 4.8 miles south of Nottingham City Centre
Nearby occupiers include Farmfoods, Heron Foods, Iceland, Boots and B&M Home Store and Lidl

Lot
3
Auction
13th February 2025
Rent
£32,000 per Annum Exclusive
Status
Available
Guide*
£500,000
Auction Venue
Live Streamed Auction
On behalf of Nottingham City Council

Interested?

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Freehold Ground Rent Investment

Let to WM Morrisons Supermarkets Limited until 2134
Approximate site area of 0.49 Ha (1.22 Acres)
Comprises approximately 146 car parking spaces
Located in a popular suburb
Well located being approximately 4.8 miles south of Nottingham City Centre
Nearby occupiers include Farmfoods, Heron Foods, Iceland, Boots and B&M Home Store and Lidl

Lot 3
Auction 13th February 2025
Rent £32,000 per Annum Exclusive
Status Available
Guide* £500,000
Sector
Ground Rent, Car Park, Land
Auction Venue
Live Streamed Auction
On behalf of Nottingham City Council

Property Information

Location

Miles: Approximately 4.8 miles from Nottingham City Centre, 42 miles from Sheffield, 46 miles from Birmingham
Roads: A453, A52, A60
Rail: Nottingham Railway Station
Air: East Midlands Airport

Situation

The property is situated approximately 4.8 miles from Nottingham City Centre. It is located on the north-east side of Green Lane on the corner, close to its junction with Southchurch Drive.

Tenure

Freehold.

Location

Miles: Approximately 4.8 miles from Nottingham City Centre, 42 miles from Sheffield, 46 miles from Birmingham
Roads: A453, A52, A60
Rail: Nottingham Railway Station
Air: East Midlands Airport

Situation

The property is situated approximately 4.8 miles from Nottingham City Centre. It is located on the north-east side of Green Lane on the corner, close to its junction with Southchurch Drive.

Tenure

Freehold.

Description

The property comprises a broadly regular and level site of approximately 0.49 Ha (1.22 Acres), currently being used as a car park for Morrisons Supermarkets for approximately 146 cars.

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

Not required

Description

The property comprises a broadly regular and level site of approximately 0.49 Ha (1.22 Acres), currently being used as a car park for Morrisons Supermarkets for approximately 146 cars.

VAT

VAT is not applicable to this lot.

Note

EPC

Not required

Tenancy & Accommodation

Address	Use	Approximate Site Area (Ha)	Approximate Site Area (Acres)	Tenant	Term	Rent p.a.x.	Rent Review
Morrisons Car Park, Green Lane, Clifton, NG11 9LQ	Land for approximately 146 car parking spaces	0.49	1.22	WM Morrison Supermarkets Limited (CRN: 00358949) (1)	125 years from 22/04/2009 until 21/04/2134	£32,000	22/04/2023 and every 7 years (2)

(1) For the year ending 29th October 2023, WM Morrisons Supermarket Limited (CRN: 00358949), reported revenue of £18,358,000,000, pre tax profit of £236,000,000 and net assets of £3,683,000,000. (Source: Annual R report and financial statements as published at Companies House, (08/01/2025)
(2) The 2023 rent review is outstanding. The lease provides for the rent to be reviewed to the open market rental value of the land. In the absence of comparable evidence the rent can be based on Nottingham industrial ground rents plus 25%.

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.