Commercial properties for sale in Corner Croft, NG17
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Modern, multi-let office building in attractive setting • 3,381 sq m (36,392 sq ft) • Part air conditioned with good on-site car parking • Pleasant working environment adjacent to the M1 (J27)
Location: 1 Oakwood Court is located on the popular and well-established Sherwood Business Park. It is set within a ‘parkland’ setting, and this well-regarded business park offers convenient access to the M1 Motorway at the adjacent J27.
Nottingham city is within easy reach (6.5 miles), as are the conurbations of Derby, Mansfield, Chesterfield and Sheffield. Other major occupiers include E.ON, Pendragon Motor Group, L’Oréal, Rolls-Royce, Zeppelin and Prolog.
The nearby Mour Hotel provides a good quality restaurant / bar facility, with the Lakeside Café offering further onsite catering.
Description: Modern open plan office building arranged over ground and first floor level, offering a high standard of accommodation with passenger lift, raised access flooring and air-conditioning to part. The building currently comprises 6 separate suites. Externally there is a good ratio of parking at 167 spaces – 1 space per 218 sq ft.
Accommodation: 3,381 sq m (36,392 sq ft)
Net Internal Area (Offices). In addition, there is a generously sized general reception / lobby area.
Tenure: Virtual freehold – 999 years from 1995 subject to a peppercorn rent.
Let to Yusen Logistics (UK) Limited, Arco Limited and Team 17 Digital Limited, with an average weighted unexpired term of 2.77 years to expiry and 2.42 years to break.
Total current passing rent of £188,796 per annum exclusive.
Two large vacant office suites provide significant asset management and value add opportunity. A full tenancy schedule is available upon request.
Offers invited in the region of £2,750,000, reflecting a net initial yield of 6.43%, a reversionary yield of 11.77% and a low capital value per sq ft of £75.57 per sq ft.
Service Charge: A service charge is payable by the tenants in addition to the rent.
VAT: Vat is applicable.
EPC: Ground Floor: B - 43 First Floor: Survey awaited
VIEWING: heb Surveyors Robert Maxey T: 0115 979 3496 E: firstname.lastname@example.org
(Or through the joint agents)
JLL (Birmingham) Nick Wood T: 0121 6346549 E: Nicholas.Wood@eu.jll.com
1 Oakwood Court, Sherwood Business Park, Nottingham NG15 0DR (Preliminary Details)
Type: Office, Business park, Offices
1 Oakwood Court, Little Oak Drive, Nottingham, NG15 0DRGBNottinghamNottinghamshireNG15 0DRLittle Oak Drive
Single let investment opportunity let to Vodafone Ltd • Offers invited at a level of £425,000 which reflects a net initial yield of 7.7% after purchaser’s costs of 4% • Tenant is in occupation on a rebased rent of £34,000 pa until Feb 2026 (tenant only break option Jan 2021)
Location: Chesterfield is a major market town in Derbyshire, located approximately 10 miles south of Sheffield and 22 miles north of Nottingham.
Chesterfield has a resident population of approximately 104,000 people (source: Census 2011).
The property is situated in a prominent corner location with notable surrounding retailers including Marks & Spencer, Top Shop, Primark, Specsavers and Clarks.
Description: The property occupies a corner position and is of traditional construction with sales accommodation at ground floor and ancillary accommodation at first floor level.
The basement and second floor are currently unused by the tenant.
The tenant has recently submitted plans for a new shop fit demonstrating their commitment to the unit.
Accommodation: Ground Floor Sales: 605 sq ft Ground Floor ITZA: 549 units First Floor: 505 sq ft Second Floor: 542 sq ft Basement: 549 sq ft TOTAL: 2,201 sq ft
Tenancy: The entire property is let to Vodafone Ltd on a full repairing and insuring lease for a term of 10 years from 30 January 2016, expiring on 29 January 2026. The lease is subject to a tenant only break option on 30 July 2021.
The current rent passing is £34,000 per annum, subject to an upwards only rent review on 30 July 2021.
Price: The freehold is available at a level of:- £425,000 which reflects a net yield of 7.7%, assuming purchaser's costs of 4%.
Covenant: Vodafone is a FTSE 100 company and the leading British multinational telecommunications company, with almost 20 million customers in the UK. Further covenant information is available.
EPC: E - 110
16 High Street, Chesterfield S40 1PS
Type: Retail - High Street, General Retail, Retail
16 High Street, S40 1PSGBChesterfieldDerbyshireS40 1PS16, High Street
Prominent mixed use investment opportunity in Nottingham city centre • Total gross income approx. £121,324 per annum and offers are invited in the region of £1.5 m • Two ground floor commercial units with three x six bedroom flats on the upper floors • Asset management angles to improve the income profile
Location: The property is located in Nottingham city centre and occupies a prominent position on Lower Parliament Street at its intersection with Broad Street.
The property is in close proximity to the Intu Victoria Centre and nearby occupiers include Argos, Wilko and Ladbrokes to name but a few and in addition there is a significant amount of residential accommodation in close proximity.
Description: The subject property comprises a four storey mixed use property with two ground and basement level restaurant and take away units, with three upper floors comprising of three large apartments.
Both the ground floor units have been recently refurbished and are let to well known and established local operators.
The three upper floor apartments are accessed from their own self contained entrance and all three apartments have 6 bedrooms with associated kitchen, lounge, WC and bathroom facilities.
Tenancy Information: See full tenancy Information on page 2 of the attached sales particulars.
A sample tenancy agreement can be provided upon request.
Price: Offers are invited in the region of:- £1,500,000 One Million Five Hundred Thousand Pounds
A full breakdown of the costs are available upon request from the selling agents.
VAT: The property is not elected for VAT.
EPC: An EPC has been commissioned.
Viewing: Please contact the selling agents for viewing arrangements.
30-34 Lower Parliament Street, Nottingham NG1 3DA
Type: Mixed use, Residential, Other Property Types & Opportunities
Fully Let Investment property, producing £22,780 per annum. Superbly situated retail unit, with two self-contained duplex apartments. Attractive double-fronted, period property, well located on the main road through the Town.
9-11 St. John Street (9a & 11a Church Walk), Wirksworth, Derbyshire, DE4 4DR (DE4 4DP)
Type: Retail, Flat, General Retail, Retail - High Street, Other, Residential, Other Property Types & Opportunities
9-11 (9a & 11a Church Walk), St. Johns Street, Matlock, DE4 4DRGBMatlockDerbyshireDE4 4DR9-11, St. Johns Street
Detached office accommodation with car parking, close to Nottingham City Centre • 236.24 sq m (2,544 sq ft) with nine car parking spaces • Fully let at £22,500 per annum • Offers invited in excess of £220,000 which reflects an attractive net initial yield of 10.00% • Situated a short walk from the Forest Park & Ride NET tram stop and a number of other public transport links
Location: The property is located on First Avenue which is approximately 1 mile north of Nottingham city centre and is accessed off Sherwood Rise which links to Mansfield Road.
First Avenue itself is a mixed commercial and residential area.
The property is situated within walking distance of the Forest Park and Ride NET tram stop and other public transport links.
Description: The property comprises a detached office building which has been extended to provide offices over ground, first and second floor.
Internally, the property is fully fitted as offices and has been upgraded over the years to provide a varying degree of office specification to include a mix of individual offices, kitchen facilities, reception lobby and WC’s.
Externally, the property benefits from a secured private car park to the rear with space for up to nine vehicles and more if double banked.
Accommodation: Ground Floor:- 95.67 sq m (1,030 sq ft) First Floor:- 101.31 sq m (1,091 sq ft) Second Floor:- 39.26 sq m ( 423 sq ft) TOTAL - 236.24 sq m (2,544 sq ft)
Planning: B1 (Offices). Suitable for alternative uses to include residential, subject to planning.
Tenancy Details: The property is let to Home-Start Nottingham (Registered Charity No. 1097005) and Equation Nottinghamshire (Registered Charity No. 1140240) under two internal repairing and insuring leases expiring 31 August 2020.
The passing rent is £22,500 per annum which is split equally between the two tenants.
Under the terms of the leases, each tenant could serve a break notice at any time, subject to 6 months written notice being served.
A plan of the shared occupancy of the building can be supplied upon request.
Price: Offers are invited, subject to the occupational tenancies, in excess of:- £220,000 which equates to a net initial yield of 10.00% when allowing for purchaser’s costs.
Rates: Rateable Value £14,000 Rates Payable 2018/19 £6,720
VAT: The position in relation to VAT is to be confirmed.
EPC: E – 101
Viewings:- Please contact the offices of heb for viewing requests and please do not visit the property without making an appointment.
2 First Avenue, Sherwood Rise, Nottingham NG7 6JL
Type: Office, Offices, Other, Other Property Types & Opportunities
2 First Avenue, NG7 6JLGBNottinghamNottinghamshireNG7 6JL2, First Avenue