- Freehold Commercial Investment Property
- AUCTION 17TH APRIL 2025
- Let to Produce �7,000 per annum exclusive
- Tenants Holding Under a 2006 Dated Lease
- Gross Internal Area 1,170 sq.ft approximately
- Light Industrial Environment in Sandiacre
- Long Term Tenants
Commercial Property for sale in Nottingham
AUCTION GUIDE ***�145,000*** SALE BY AUCTION THURSDAY 17TH APRIL 2025 - 2.30 PM, TRENT BRIDGE CRICKET GROUND, DEREK RANDALL SUITE, WEST BRIDGFORD, NOTTINGHAM, NG2 6AG
A freehold commercial investment comprising purpose built workshop with existing use storage and distribution. The unit is let to long term tenants holding over under the terms of a 2006 lease producing �7,000 per annum exclusive. The gross internal area of the unit is 1,170 sq.ft aproximately.
AUCTION GUIDE ***�145,000*** SALE BY AUCTION THURSDAY 17TH APRIL 2025 - 2.30 PM, TRENT BRIDGE CRICKET GROUND, DEREK RANDALL SUITE, WEST BRIDGFORD, NOTTINGHAM, NG2 6AG
A freehold commercial investment comprising purpose built workshop with existing use storage and distribution. The unit is let to long term tenants holding over under the terms of a 2006 lease producing �7,000 per annum exclusive. The gross internal area of the unit is 1,170 sq.ft aproximately.
The unit is set within a light industrial environment in Sandiacre in a block of four single storey industrial units. The location is just over a mile from Junction 25 of the M1 motorway, as well as the A52 Nottingham/Derby road. The unit is also ideally placed for Stapleford, Long Eaton and Ilkeston.
The unit was constructed circa 1970 with brick elevations under a profile roof. There is a roller shutter door, fire exit and tarmacadam forecourt parking.
The accommodation comprises in more detail as follows:
Workshop/Storage - 10.67m x 10.21m (35' x 33'6) - Manually operated roller shutter door, fire escape door, fluorescent lighting and the overall area includes a stud partitioned office and WC with wash basin. Gross internal area 1,170 sq.ft.
Services - The unit has mains water, electricity (three phase) and drainage connected.
Tenure - The property is freehold, registered Title DY211082.
The original lease is dated 13th February 1990 between Maxwell Alfred Hopewell and C.F. Haines & Co Ltd. We are informed that a new lease dated 8th January 2007, for a term of five years from 22nd June 2007, between Maxwell Alfred Hopewell and G.F. Haines & Co Ltd was renewed to be co-terminal with the adjoining leases and subsequently assigned to Castle Tapes and Industrial Solutions.
The current rent passing is �1,750 per quarter exclusive (�7,000 per annum) subject to the tenants liability to pay insurance rent.
The property is subject to a Business Tenancy under the Protection of the 1954 Landlord and Tenant Act.
Epc Rating - This property has an EPC rating of D (81).
Important Notes - Please see www.auctionestates.co.uk.
Legal Pack - The contract special conditions, conditions of sale and all related documents will be available at the offices of Auctioneers and the vendors solicitors at least 14 days prior to the Auction.
Auction Estates will conduct the Auction in accordance with Edition 4 (September 2019) of the Common Auction Conditions of Sale.
Interested parties are able to download the legal documents and the pack directly from the Auction Estate website.
Buyers Fee - Please note that Auction Estates will be charging a buyers fee of �1,500 plus VAT. This amount is payable regardless of whether a sale occurs before or during or after the Auction, and will be collected on exchange of contracts.
Aml - The Money Laundering Regulations 2007 compel the Auctioneers to conduct certain identity checks prior to acceptance of the offer. In order to meet these requirements please contact Auction Estates with certified copies of both photographic ID and proof of address.
Special Conditions Of Sale - The client has requested that the vendors legal costs and search fees are recovered from the buyer.
Property Ref: 59503_32961009
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01636 611811
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