Established industrial estate currently comprising 11 units
Approximately 782.2 sq m (8,419 sq ft)
Site area of approximately 0.2 Ha (0.52 Acres)
Site coverage of approximately 36%
Active management potential
Popular residential suburb location
Neighbouring occupiers include numerous local trade counters, industrial businesses and multiple student accommodation facilities.
Lot 21
Auction 13th February 2025
Rent £62,775 per Annum Exclusive with 2 Units to be Let
Status Available
Guide* £940,000
Sector Industrial, Warehouse
Auction Venue Live Streamed Auction
On behalf of Nottingham City Council
Property Information
Location
Miles
16 miles north of Loughborough, 38 miles south of Sheffield, 51 miles north-east of Birmingham
Roads
A60, A610, A6514, A6200, M1
Rail
Nottingham Train Station
Air
East Midlands Airport
Situation
The property is approximately 16 miles north of Loughborough and 51 miles north-east of Birmingham. The property benefits from excellent communication links being next to the A610 which links to the M1 (4.5 miles to the west). The property is situated less than 1 mile from Nottingham City Centre in an established industrial location, surrounded by a densely populated residential suburb. Neighbouring occupiers include numerous local trade counter, industrial businesses and multiple student accommodation facilities.
Tenure
Freehold.
Location
Miles
16 miles north of Loughborough, 38 miles south of Sheffield, 51 miles north-east of Birmingham
Roads
A60, A610, A6514, A6200, M1
Rail
Nottingham Train Station
Air
East Midlands Airport
Situation
The property is approximately 16 miles north of Loughborough and 51 miles north-east of Birmingham. The property benefits from excellent communication links being next to the A610 which links to the M1 (4.5 miles to the west). The property is situated less than 1 mile from Nottingham City Centre in an established industrial location, surrounded by a densely populated residential suburb. Neighbouring occupiers include numerous local trade counter, industrial businesses and multiple student accommodation facilities.
Tenure
Freehold.
Description
The property comprises an 11 unit industrial estate with units in two terraces either side of a central service yard and a car park. The property benefits from a total floor area of approximately of 782.2 sq m (8,419 sq ft) and a site coverage of 36%
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.
Please note that part of the Property is unregistered, and a statement of truth is included in the legal pack regarding this.
Prospective buyers are directed to the legal pack, including (but not limited to) the front sheet which contains specific disclosures, and particularly to draw attention to the disclosures that one of the leases (Unit 3) has expired with the tenant remaining in occupation pending negotiation of a new lease, which may or may not have concluded by the date of the auctio
EPC
All Units have a valid Energy Performance Certificate that is compliant with the MEES regulations. See Legal Pack.
Description
The property comprises an 11 unit industrial estate with units in two terraces either side of a central service yard and a car park. The property benefits from a total floor area of approximately of 782.2 sq m (8,419 sq ft) and a site coverage of 36%
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.
Please note that part of the Property is unregistered, and a statement of truth is included in the legal pack regarding this.
Prospective buyers are directed to the legal pack, including (but not limited to) the front sheet which contains specific disclosures, and particularly to draw attention to the disclosures that one of the leases (Unit 3) has expired with the tenant remaining in occupation pending negotiation of a new lease, which may or may not have concluded by the date of the auctio
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 (Reversions)
Unit 1
Industrial
88.00
(947)
HGV AUTO PARTS LTD
Periodic tenancy
£8,550
-
Unit 2
Industrial
88.00
(947)
RS ELECTRICAL NOTTINGHAM LIMITED (CRN:08844911)
Approximately 4 years from 04/09/2024
£8,000
(24/01/2028)
Unit 3
Industrial
88.00
(947)
EQUINOX MEDIA AND EVENTS LTD (CRN:09278690)
3 years from 09/06/2021
£6,600
(08/06/2024) (2)
Unit 4
Industrial
87.70
(942)
BROOKLANDS CORPORATION LMITED (CRN: 10044725)
3 years from 31/03/2023
£8,550
(31/03/2026)
Unit 5
Industrial
87.80
(947)
ANMARS FRAGRANCES LTD (CRN:12794005)
3 years from 29/10/2024
£9,025
(28/10/2027)
Unit 6
Industrial
50.70
(545)
RAWLNS JOINERY SERVICES LTD
3 years from 21/09/2023
£5,400
(21/09/2026)
Unit 7
Industrial
50.30
(541)
INDIVIDUAL
4 years from 30/08/2024
£5,400
(30/08/2028)
Unit 8
Industrial
52.50
(565)
INDIVIDUAL
3 years from 02/07/2023
£4,800
(07/02/2026)
Unit 9
Industrial
52.50
(565)
AFYN HOLDING LTD (CRN: 13808678)
Approximately 3 years from 11/08/2022
£6,450
(08/11/2025)
Units 10 & 11
Industrial
136.67
(1,471)
VACANT
Total approximate floor area
782.17(1)
8,419 (1)
£60,675 with 2 Units to be let.
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). (2) A rent review response form has been agreed regarding a new 3 year lease at a rent of £9,500 per annum but no lease has been put in place to reflect this. The tenant continues to occupy.
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.
