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Agent's details

Wigman Road

For sale: POA|To rent: ROA|1 - 6.72 Acre|Land, Commercial Land

Property details

FOR SALEPOA
TO RENTROA
SIZE1 - 6.72 Acre
ADDRESSWigman Road, Nottingham, NG8 3JA
TYPELand, Commercial Land
TENURETo Let, For Sale Leasehold
POSTED ON31st March 2022

Description

Key Points

  • Rare development opportunity neighbouring established industrial estate
  • Suitable for alternative uses (STP)
  • Easily accessible via J26 of the M1
  • 6.72 acres (2.72 hectares)
  • Individual plot sales available from 1 acre
  • Summary

    FOR SALE / TO LET Prime Development Land

    Description

    The total site area is 6.72 acres (2 72 hectares), comprising a substantial and predominantly level, cleared development site located on the southern side of Wigman Road. Prominently situated, the frontage also extends to the southern part of the roundabout junction with Hollington Road and Bathurst Drive.

    Viewings

    Strictly by prior appointment only with the Sole Agent, Savills.

    Location

    The site is prominently located on the south side of Wigman Road, on the edge of the West Nottingham suburb of Bilborough fringing the neighbouring suburb of Beechdale some 2 7 miles west of Nottingham City Centre. This provides the development with a significant pool of available labour. To the west of the site is an established and mature industrial estate fronting both Glaisdale Drive East and West. The remainder of the surrounding area is primarily residential. Junction 26 of the M1 motorway lies some 2.7 miles to the north west, accessed from Wigman Road via the A6002 Woodhouse Way / A610.

    Terms

    Long Leasehold - £500,000 per acre. For plot sales long leaseholds are available for a term of 125 years. For a sale of the whole site, the property is held on a long leasehold for a term of 150 years with effect from 17 December 2015. The current ground rent is £15,000 per annum until 16 December 2025. Leasehold - £35,000 per annum per acre. Rental terms are flexible.

    Promo

    Prime Development Land

    Planning

    Planning permission was granted in February 2017 for a distribution and warehouse building with ancillary office accommodation, car park and service yard. Further details available upon application. The site is considered to have potential for a revised industrial warehouse scheme. In addition, alternative uses, subject to planning permission.

    Location

    marker
    Location: Wigman Road, Nottingham, NG8 3JA

    Bulwell (2.7 miles)

    Nottingham (2.9 miles)

    Beeston (2.9 miles)

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