Property Description

A freehold industrial investment opportunity comprising 16 units of varying dimensions. The units benefit from high eaves and roller shutters along with a large forecourt with parking. The units are of steel portal frame construction with brick/block elevations beneath pitched roofs. Total gross income £196,315 per annum with scope to increase in line with market. The site is accessed of Salcombe Road and the location benefits from excellent connectivity to the national road network M1 and convenient access to the nearby settlements of Derby, Nottingham and Mansfield Interested parties are advised to inspect the legal pack from more information.

Unit A1

Held on a 6 year term commencing 1/10/2019, extending to 1,550 sq.ft with rent passing £9,470 per annum.

Unit A2

Held on a 6 year term commencing 25/03/2022, extending 1,550 sq.ft with rent passing of £8,835 per annum.

Unit A3 and A4

Held on a 6 year term from 01/08/2024 to 31/07/2030, Rent review on 01-08-27, extending to 3,100 sq.ft with a rent passing of £19,395 per annum.

Unit B2

Held on a 6 year lease commencing 25/11/2022, extending to 1,937 sq.ft with a rent passing of £10,625 per annum.

Unit B3

Held on a 6 year lease commencing 17/12/2019, extending to 1,937 sq.ft with a rent passing of £11,630 per annum.

Unit B4

Held on a 3 year lease commencing 01/03/2022, extending 1,937 sq.ft with a rent passing of £10,665 per annum.

Unit B5

Held on a lease commencing 01/04/2023, extending to 1,937 sq.ft with a rent passing £10,665 per annum.

Unit B6

Held on a 6 year lease commencing 01/03/2022, extending to 1,937 sq.ft with a rent passing of £10,665 per annum.

Unit C1

Held on a 6 year lease commencing 25/03/2022, extending to 2,324 sq.ft with a rent passing of £12,785 per annum.

Unit C3

Held on a 6 year lease commencing 12/10/2023, extending 2,324 sq.ft with a rent passing of £12,795 per annum.

Unit C4

Held on a 6 year lease commencing 23/12/2020, extending 2,324 sq.ft with a rent passing £13,995 per annum.

Unit D2

Held on a 6 year lease commencing 01/02/2024, extending 3,099 sq.ft with a rent passing £16,500 per annum.

Unit D3

Held on a lease commencing 01/04/2022 extending, 3,099 sq.ft with a rent passing £16,300 per annum.

Unit D4

Held on a 6 year lease commencing 27/05/2022, extending 3,099 sq.ft a with rent passing £15,995 per annum.

Unit D5

Held on a 6 year lease commencing 27/05/2022, extending to 3,099 sq.ft a with rent passing £15,995 per annum.

TOTAL INCOME

£196,315 per annum.

Note

Please be advised that the auctioneers have not personally inspected the units. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Tenure

Freehold

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