property
DRAFT DETAILS
For sale by auction - Tuesday 22 March 2016
At Nottingham Racecourse, Colwick Park, Nottingham, NG2 4BE
Commencing at 11.30am
Substantial commercial property in a prime location off Mansfield Road
Comprising office building, canteen area, storage area and rear workshop.
Currently let on a 15 year lease at £77,000 per annum
Excellent investment opportunity
EPC Rating: TBC
The property comprises a two floor office building to the front with further single storey space to the rear providing workshop, storage and canteen areas. The ground floor office has a spacious reception area with individual office spaces at both ground and first floor levels. The main office being of brick construction beneath a pitched tiled clad roof with a vaulted reception. The rear workshop building is of part brick and steel clad construction and benefits from a good vehicular access via a roller shutter door.
We believe the entire property is let to Eley Metrology Ltd for 15 years at a rent of £77,000 per annum. Eley Metrology Ltd is a manufacture of high calibre measuring instruments.
Beaufort House is located within the Mansfield Road Industrial Area lying off the east side of Mansfield Road. This is a well established commercial area of Derby which lies to the north of the city centre and benefits from great transport links including the A61, A52 and A38. Other transport links in the area include local bus routes with a mainline rail connection at Derby. Other occupiers within this established location include Enterprise Rent-a-Car and Lookers Honda Dealership.
The accommodation briefly comprises:
Ground floor office space
316.3sqm (3,401sq ft.)
First floor office area
226.4sqm (2,436sq ft.)
Ground floor workshop area
171sqm (1,840sq ft.)
Ground floor workshop 2
100.7sqm (1,083sq ft.)
Ground floor office/canteen
83.7sqm (1,977sq ft.)
Ground floor storage
44.4sqm (477sq ft.)
Total internal area
Approximately 942.5sqm (10,144sq ft.).
Tenure
Freehold. Subject to tenancy.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash deposits.
The sale of each lot is subject to a buyers fee of £750 (inc VAT) payable on exchange of contracts.
Viewings
By appointment with the auctioneers - 0115 958 8702.
*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.sdlgrahampenny.co.uk/glossary.
