Includes 13 units with forecourt loading and parking
Total floor area of approximately 1,294 sq m (13,926 sq ft)
Site area of approximately 0.31 Ha (0.76 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 9
Auction 13th February 2025
Rent £120,915 per Annum Exclusive with 1 unit to be let,
Status Available
Guide* £1,400,000
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 13 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 0.31 Ha (0.76 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.
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 a) there is a small gap in the corner area between Units 9/10 and Unit 11 and the adopted highway, and b) that an area of land which contains a slither of Units 4 and 5, is not included in the sale as not being registered to Nottingham City Council, and c) one of the leases (Unit 15) has expired with the tenant remaining in occupation
EPC
All Units have a valid Energy Performance Certificate that is compliant with the MEES regulations. See Legal Pack.
Description
The property comprises a 13 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 0.31 Ha (0.76 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.
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 a) there is a small gap in the corner area between Units 9/10 and Unit 11 and the adopted highway, and b) that an area of land which contains a slither of Units 4 and 5, is not included in the sale as not being registered to Nottingham City Council, and c) one of the leases (Unit 15) has expired with the tenant remaining in occupation
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 (1)
Tenant
Term
Rent p.a.x.
Reviews (Reversions)
Unit 4
Industrial
130.40
(1404)
ABS MOTS LIMITED (CRN: 13962125)
5 years from 06/09/2022
£11,250
(05/09/2027)
Unit 5
Industrial
130.10
(1400)
INDIVIDUAL
3 years from 16/05/2024
£12,640
(15/05/2027)
Unit 6
Industrial
174.10
(1874)
INDIVIDUAL
3 years from 16/03/2024
£19,900
(15/03/2027)
Unit 7
Industrial
116.20
(1251)
INDIVIDUAL
3 years from 09/12/2022
£10,800
(12/08/2025)
Unit 8
Industrial
115.60
(1244)
INDIVIDUAL
3 years from 16/03/2024
£11,850
(15/03/2027)
Unit 9 -10 & Yard
Industrial
233.60
(2514)
BRANDON HIRE LTD (CRN: 12095566)
15 years from 26/10/2012
£21,275
(25/10/2027)
Unit 11
Industrial
65.70
(707)
BRANDON HIRE LTD (CRN: 12095566)
15 years from 26/10/2012
£5,700
(25/10/2027)
Unit 12
Industrial
66.00
(710)
BRANDON HIRE LTD (CRN: 12095566)
4 years from 13/10/2023
£7,250
(25/10/2027)
Unit 13
Industrial
66.10
(711)
VACANT POSSESION
Unit 14
Industrial
66.10
(712)
INDIVIDUAL
3 years from 26/01/2024
£7,750
(25/01/2027)
Unit 15
Industrial
66.00
(710)
MA BROS UK LIMITED (CRN: 12122313)
3 years from 17/12/2021
£5,500
(16/12/2024)
Unit 16
Industrial
64.00
(689)
SINBADD DJ Limited (CRN: 12743306)
3 years from 23/09/2023
£7,000
(22/09/2026)
Total approximate floor area
1,293.80
13,926 (1)
£120,915 with 1 unit 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.
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