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*UNDER OFFER* Unit 2 Nunn Brook Road, Huthwaite, Nottinghamshire NG17 2HU

For sale: £170,000.00|2658 |Industrial, General Industrial

PROPERTY DETAILS

FOR SALE£170,000.00
SIZE2658
ADDRESSUnit 2, Nunn Brook Road, Sutton-In-Ashfield, NG17 2HU
TYPEIndustrial, General Industrial
TENUREInvestment Opportunity, Under Offer, For Sale Freehold
POSTED ON13th September 2019

DESCRIPTION

Fully let workshop on a 10 year lease to VP PLC, T/As Hire Station.
• Modern unit with good sized yard
• Let on FRI terms at £12,000 per annum
• Tenant been in occupation since 1994
• Tool Station Ltd Experian credit score 100 out of 100, with reported turnover to March 2019 of 154m

Location:
Nunn Brook Road is set within an established area for industrial and business premises with indirect access off the A38 trunk road, which in turn gives easy access to the M1 (J28).

This is an established area providing a mix of modern industrial and storage type premises, situated approximately six miles west of Mansfield and approximately two miles from the M1.

The property itself is positioned close to the junctions of Nunn Brook Road and Blackwell Road and benefits from a prominent position with frontage to the junction.

Description:
The unit comprises a detached single storey workshop together with a good sized secure yard.

Access is by way of two roller shutter doors and the unit has been configured to provide workshop areas, sales / showroom, and an internal mezzanine provides for additional storage and offices.

Accommodation:
Ground Floor: 178.7 sq m (1,924 sq ft)
Mezzanine (stores/office): 68.1 sq m ( 734 sq ft)
Site Area: 1,138 sq m (0.28 acres)

Terms:
The property is to be sold subject to a 10 year lease from September 2019, this is a renewal lease and the tenant has been in occupation since 1994. The lease has a tenant only break clause after five years and is to be drawn on fully repairing and insuring terms.

Tenant:
Tool Station Ltd (3428037), Experian credit score 100 out of 100 and classed as very low risk, with a reported turnover to March 2019 of £154m.

Rental Income:
£12,000 per annum subject to upward only review after five years.

Price:
The property is available at a price of:-
£170,000 Freehold

This reflects a net initial yield of 6.94% after purchasers costs.

VAT:
We understand VAT is not applicable to the rent or the purchase price.

EPC:
D

LOCATION

Location: Unit 2, Nunn Brook Road, Sutton-In-Ashfield, NG17 2HU

Sutton Parkway (2.9 miles)

Alfreton (2.9 miles)

Kirkby in Ashfield (3.0 miles)

AGENT'S DETAILS

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