Includes 15 units with forecourt loading and parking
Total floor area of approximately 1,407.3 sq m (15,148 sq ft)
Site area of approximately 0.33 Ha (0.82 Acres)
Active management potential
1.2 miles north west of Nottingham City Centre
Neighbouring occupiers include numerous local trade counters, local industrial businesses, University of Nottingham and GSK plc/GlaxoSmithKline
Lot 14
Auction 13th February 2025
Rent £98,780 per Annum Exclusive with 2 Units to be Let
Status Available
Guide* £1,350,000
Sector Industrial, Warehouse
Auction Venue Live Streamed Auction
On behalf of Nottingham City Council
Property Information
Location
Miles
15 miles north of Loughborough, 39 miles south-east of Sheffield, 51 miles north-east of Birmingham
Roads
A52, M1
Rail
Nottingham Train Station
Air
East Midlands Airport
Situation
The property benefits from excellent communication links being next to the A52, which links to the M1. The property is situated approximately 1 mile north-west of Nottingham City Centre, in an established industrial location, surrounded by a densely populated residential suburb. Neighbouring occupiers include numerous local trade counters and local industrial businesses, whilst the University of Nottingham and GSK plc/GlaxoSmithKline are close by.
Tenure
Freehold.
Location
Miles
15 miles north of Loughborough, 39 miles south-east of Sheffield, 51 miles north-east of Birmingham
Roads
A52, M1
Rail
Nottingham Train Station
Air
East Midlands Airport
Situation
The property benefits from excellent communication links being next to the A52, which links to the M1. The property is situated approximately 1 mile north-west of Nottingham City Centre, in an established industrial location, surrounded by a densely populated residential suburb. Neighbouring occupiers include numerous local trade counters and local industrial businesses, whilst the University of Nottingham and GSK plc/GlaxoSmithKline are close by.
Tenure
Freehold.
Description
The property comprises a 15 unit industrial estate, within three blocks. Each unit benefits from a vehicle access loading door and a forecourt for general loading and parking. There is site area of approximately 0.33 Ha (0.82 Acres).
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 comprises a 15 unit industrial estate, within three blocks. Each unit benefits from a vehicle access loading door and a forecourt for general loading and parking. There is site area of approximately 0.33 Ha (0.82 Acres).
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
Unit
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Reviews (Reversions)
Unit 20
Industrial
51.80
(558)
INDIVIDUALS
3 years from 21/09/2023
£5,600
(20/09/2026)
Unit 21
Industrial
69.60
(749)
COMPUTER SUPPORT (NOTTINGHAM) LTD (CRN: 04864717)
Periodic Tenancy from 16/12/2013 continuing quarter to quarter until either party gives 6 months written notice.
Periodic Tenancy from 15/05/1999 continuing quarter to quarter until either party gives 6 months written notice.
£11,950
16/03/2027
Unit 31
Industrial
124.90
(1,344)
INDIVIDUAL
Periodic Tenancy from 16/10/2002 continuing quarter to quarter until either party gives 6 months written notice.
£11,950
16/03/2027
Unit 32
Industrial
133.30
(1,435)
EASY JOSE COFFEE ROASTERS LTD (CRN: 11667793)
6 years from 07/05/2021
£12,980
(06/05/2027)
Unit 33
Industrial
280.70
(3,021)
VACANT POSSESION
Unit 34
Industrial
132.80
(1,429)
VACANT POSSESION
Total Approximate Floor Area
1407.30(1)
15,148
£98,780.00 with 2 units to be let.
(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/results)
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.
