- Freehold Commercial Investment Property
- 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
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 property is subject to a Business Tenancy under the Protection of the 1954 Landlord and Tenant Act.
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.
Important information
Property Ref: 59503_32961009
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Richard Watkinson & Partners (Newark - Sales)
35 Kirkgate, Newark - Sales, Nottinghamshire, NG24 1AD
01636 611811
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