INDUSTRIAL/WAREHOUSE SPACE TO RENT AND FOR SALE

Description:

LOCATION
Common Road is accessed direct from the A38(T), the subject premises being situated less than 1 mile from Junction 28 of the M1 Motorway

DESCRIPTION
Constructed during the 1990’s, this pair of detached warehouse buildings occupy a site of approximately 1.75 hectares (4.32 acres) in size, thereby offering the potential for future expansion and/or redevelopment (subject to planning). The site has two vehicular access points, the main entrance being from Common Road, with a second entrance leading off Export Drive into the main car park/service yard/storage area. Both properties comprise predominantly high bay warehousing, with Warehouse 1 also incorporating an adjacent high quality, three-storey office building. The site as a whole is securely fenced and well lit.

ACCOMMODATION
Warehouse 1:
Office Building - 820 sq m (8,828 sq ft)
Low Bay Warehouse - 838 sq m (9,022 sq ft)
High Bay Warehouse - 976 sq m (10,500 sq ft)
Total Floor Area - 2,634 sq m (28,350 sq ft)
Warehouse 2:
Showroom/Offices - 442 sq m (4,753 sq ft)
Office/Stores - 429 sq m (4,620 sq ft)
Warehouse - 2,516 sq m (27,089 sq ft)
Total Floor Area - 3,387 sq m (36,462 sq ft)

SPECIFICATION
Warehouse 1:
♦ Two inter-connecting bays
♦ Separate rear access for deliveries
♦ Rear section eaves height = 5.5 metres (18 feet) approx.
♦ Front section eaves height = 10.67 metres (40 feet) approx.
♦ Adjoining three-storey offices with a lift plus kitchen and W/C facilities
Warehouse 2:
♦ Office/showroom space to the front elevation
♦ Two clear span bays
♦ Heating and lighting
♦ Eaves height = 7.75 metres (25 feet) approx.
♦ Four access doors – three level access and one dock level

BUSINESS RATES
Prospective purchasers are advised to make their own enquires of Ashfield District Council on 01623 450000.

TENURE
Freehold with the benefit of full vacant possession to be granted on completion.

INCOME
At present the two warehouse buildings are let to Wood Newton on a two year lease from 4 June 2009 at a rent of £92,722 per annum exclusive, the said lease incorporating a 12 month break clause. In addition, the ground floor of the office building (Warehouse 1) and the showroom (Warehouse 2) are let to Buy It Direct Limited, again for a term of two years, at a rent of £24,000 per annum exclusive.

LEGAL COSTS
Each party is to be responsible for the payment of their own legal costs.

VALUE ADDED TAX
VAT will not be payable in addition to the agreed purchase price.

Dimensions:

Industrial/Warehouse (Gross internal):	4,330.3 Sq m (46,611 Sq ft)
Offices layout:	Ground floor and upper floor(s)
Offices area (Gross internal):	1,690.93 Sq m (18,201 Sq ft)
Total floor area (excl. mezz.) (Gross internal):	6,021.23 Sq m (64,812 Sq ft)
Total site area (approx.):	4.3 Acres
Eaves height:	0m (0')

Specifications:

Security:	Alarmed
Doors:	Powered, Roller shutter
Access:	Dock levellers, Level
Walls:	Brick, Metal cladding
Frame:	Portal	Roof covering:	Metal cladding
Parking:	N/A	External yard area:	Self-contained
Warehouse heating:	Unknown	Warehouse lighting:	Unknown
Power supply:	Single phase	Sprinklers:
Pallet racking:		Refrigeration plant:
Internal hoist(s):		Inspection pit(s):
DDA compliant:		EPC:
Planning use:	B1 (Business), B2 (General Industrial), B8 (Storage or Distribution)

Building Rental/Sale Details:

Rateable value:	£213,000	Rates payable:	POA PA
Size:	6,021.23 Sq m (64,812 Sq ft)
Rent PAX:	Offers invited
Freehold price:	£1,750,000
(All figures quoted are exclusive of VAT)