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Former Crystal Martin Site, Kirkby Road

For sale: £4,500,000.00|216347 Sq Ft|General Industrial, Other, Industrial, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£4,500,000.00
SIZE216347 Sq Ft
ADDRESSFormer Crystal Martin Site, Kirkby Road, Sutton-in-Ashfield, Nottingham, NG17 1GP
TYPEGeneral Industrial, Other, Industrial, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON19th December 2019

DESCRIPTION

Key Points

  • Deadline for offers 5pm Friday 17th January 2020
  • Prominently located on the A38 mid way between M1, J28 and Mansfield
  • Approximately 20,099 sq m (216,347 sq ft of warehouse/industrial office accommodation)
  • Extensive mezzanines extending to approximately 7,250 sq m (78,000 sq ft)
  • 11.54 acres (4.67 ha) located in a mixed use area adjacent to housing
  • Redevelopment potential (STPP)
  • Freehold
  • Guide Price £4,500,000
  • Summary

    Deadline For Offers 5pm Friday 17th January 2020 For Sale. Significant Industrial Site / Redevelopment Opportunity

    Description

    We have been instructed by our client to bring the marketing to a close by requesting offers in writing to imuxlow@savills.com by 5pm Friday 17 January 2020. In addition to any information you wish to provide in support of your offer, you should provide the following information in your proposal: The successful bidder will be notified as soon as we have instructions from our Client and for guidance, your offers should be submitted on the following basis. 1.Purchaser – Provide the identity of the purchasing entity and funding partner (if any), along with any supporting background information including relevant track record and financial details. 2.Basis of Offer and Price – State the level of your offer which should be for a specific sum, with no escalating bids, or bids calculable by reference to another offer received and confirm that a 10% deposit will be paid on exchange of contracts. Provide details of the proposed use of the site. 3.Funding – Provide full details and evidence of the source of funds for the acquisition. 4.Professional Team and Due Diligence – Confirm the details of your professional team and provide full details of due diligence undertaken by you and your advisers to date. Please also identify any outstanding items of due diligence you will require to undertake prior to exchange of contracts. 5.Conditions – Note that our Client’s preference is for an unconditional sale. 6.Timetable and Approvals – Confirm any prior approvals that you have already undertaken prior to submitting your offer as well as further approvals required to complete the purchase. Furthermore, please set out clearly your best proposed timetable to complete due diligence, obtain further approvals (if any) and exchange and completion of contracts. 7.Solicitors – Provide full details of your solicitors and any other advisers relevant to the purchase. Please note that in assessing the proposals, the vendor will have consideration of such factors as pricing, timing for exchange/completion, purchasers financial strength, conditionality of the proposal and previous track record. The vendor reserves the right not to proceed with the highest, or indeed any offer received. There will be no further opportunity to bid again, and therefore we must stress that this should be your best offer. If you have any questions regarding the bid process or require any further information then please do not hesitate to contact me, otherwise I look forward to hearing from you by 5pm Friday 17 January should you wish to submit an offer. The property comprises a substantial self contained manufacturing and distribution facility, including factory shop and office accommodation, formerly occupied by Crystal Martin International. The site has been developed on a piecemeal basis to provide a series of predominantly single storey industrial and warehouse units with a of both ancillary single storey and two storey office. In addition, there is a period three storey former mill building within the centre of the site and a former residential dwelling house most recently utilised as offices fronting Kirkby Road. Part of the original factory building at the front of the site has recently been utilised as a factory shop. There are seven principal buildings currently on the “L “ shaped site of varying ages and specification including a number of steel portal frame warehouse units, many of which benefit from extensive mezzanine floors throughout.

    Viewings

    Strictly by appointment only with the Sole Agent, Savills. Further information is available from the Data Room.

    Location

    The property is located in Sutton-in-Ashfield which lies four miles west of Mansfield, 19 miles north of Nottingham, 21miles north west of Derby and 140 miles north of London. The location enjoys excellent transport links to the road and motorway network with the M1, J28 lying approximately three miles to the west with a typical drive time of less than 10 minutes. The property is prominently situated to the south of Sutton-in-Ashfield town centre, with extensive frontage to both Alfreton Road (A38) and Kirkby Road (B6018), within a mixed use area, predominantly surrounded by private housing with a children’s nursey and public house close by

    Terms

    Freehold with vacant possession upon completion.

    Specifications

    The included availability does not include mezzanine floors which total 7,248 sq m (78,017 sq ft) and several ancillary small stores, canopies and plant buildings. The site is approximately 11.54 acres (4.67 ha) providing an overall site cover of approximately 40%.

    Promo

    Deadline For Offers 5pm Friday 17th

    Business Rates

    The main site is currently assessed at £420,000. There is a separate assessment for 182 Kirkby Road of £11,750. We calculate that the total rates payable for the financial year 2019/2020 are £217,449.25.

    EPC

    The buildings on site have been individually assessed within Bands C and E. Copies of the individual EPCs are available from the data room.

    LOCATION

    Location: Former Crystal Martin Site, Kirkby Road, Sutton-in-Ashfield, Nottingham, NG17 1GP

    Sutton Parkway (0.9 miles)

    Kirkby in Ashfield (1.2 miles)

    Mansfield (3.3 miles)

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