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For Sale£795,000.00

* * UNDER OFFER * * 2a Sherwood Rise, Nottingham NG7 6JN (INVESTMENT)

Office, Other, Offices, Other Property Types & Opportunities , 1745 - 7055 Sq Ft
Property type: Office, Other, Offices, Other Property Types & Opportunities
Tenure: Investment Opportunity, For Sale Freehold
Size: 1745 - 7055 Sq Ft
Price: £795,000.00
Location: 2a Sherwood Rise, NG7 6JN
Income producing modern office building in city fringe location
• 655.4 sq m (7,055 sq ft)
• Air conditioned office building with car parking
• Income producing investment opportunity

Location:
The building is located approximately 1 mile north of Nottingham’s city centre in a popular location fronting Sherwood Rise. The site is within walking distance of the Forest Park & Ride NET tram stop.

Description:
The premises benefit from the following facilities / specification:
▪ Air Conditioning
▪ Suspended ceilings with inset Cat II lighting
▪ Perimeter skirting trunking
▪ 8 person passenger lift
▪ 24 hour access

The accommodation is designed to provide open plan accommodation across two floors. The first floor has been divided into two separate suites but could be reinstated as a single floorplate if required.

The building has 19 marked parking spaces.

Accommodation:
Ground Floor: 327.4 sq m - (3,524 sq ft)
First Floor (Suite 2): 162.1 sq m - (1,745 sq ft)
First Floor (Suite 3): 165.9 sq m - (1,786 sq ft)
Plus kitchenette

Tenancies:
The ground and first floor (Suite 2) are occupied by www.futuresadvice.co.uk, an Ofsted regulated ('Outstanding') social enterprise providing careers, skills, training and apprenticeship advice to young people.

Futures have an Experian’ credit score of ‘85’ – ‘low risk’.

The tenant occupies under two separate leases, both for a term of 3 years from 7 January 2016, at a rent of £47,400 per annum exclusive, plus service charge. The leases are on full repairing and insuring terms and is excluded from the 1954 Act.

The first floor Suite 3 is vacant and currently being marketed by this office at a quoting rent of £17,950 per annum, subject to a D1 planning use (treatment and rehabilitation rooms).

Terms:
2a Sherwood Rise offers an increasingly rare opportunity to acquire substantial freehold premises in a city fringe location.

Sherwood Rise is a well established office location, offering convenient access to the city centre by road, foot and tram. The proximity of Nottingham Trent University means the area is also popular as a student residential location.

2a Sherwood Rise offers an excellent opportunity to acquire income producing premises, with potential for residential conversion, and the potential of an additional building plot should the car park be deemed surplus to occupational requirements.

Price:
The property is immediately available at a price of:- £795,000

VAT:
Vat is applicable.

EPC:
The building has the following assessments:-
Whole building: E - 112
First floor: D - 85
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