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Agent's details

9 Glaisdale Drive East

For sale: £125,000.00|15,247 Sq Ft|General Industrial, Industrial

Property details

FOR SALE£125,000.00
SIZE15,247 Sq Ft
ADDRESS9 Glaisdale Drive East, Nottingham, NG8 4GU
TYPEGeneral Industrial, Industrial
TENUREFor Sale Leasehold
POSTED ON12th September 2022

Description

Key Points

  • Long leasehold investment, subject to sub-tenancy
  • Long leasehold unexpired term of approximately 38.5 years
  • Sub-tenancy until 13 August 2027 producing £65,000 per annum
  • Profit rent £12,114 per annum
  • GIA 15,247 sq ft (1,416.5 sq m)
  • Site area approximately 0.47 acres
  • Summary

    Industrial Long Leasehold Investment For Sale

    Description

    The property comprises a detached manufacturing unit occupying a large self-contained site with two storey offices to the front.
    The property benefits from forecourt parking to the front for approximately 9 spaces and a large gated yard / loading area to the rear accessed off Wingate Close.

    Location

    The property is located within the established Glaisdale Industrial Estate and occupies a prominent position fronting Glaisdale Drive East at its junction with Wingate Close to the eastern boundary.

    Terms

    Offers sought for the long leasehold interest in excess of £125,000 exclusive.

    Tenure

    The property is held on a long lease for a term of 99 years (less 3 days) from 25 March 1962 at a rental of £52,886 per annum, with no further review.

    Sub-Lease

    The property has been sub-let to Creative Surface Solutions Limited / Worktop Fabrications Limited for a term of 10 years with effect from 14 August 2017 at a rental of £65,000 per annum and subject to rent review on the 5th year of the term.

    Location

    marker
    Location: 9 Glaisdale Drive East, Nottingham, NG8 4GU

    Bulwell (2.8 miles)

    Beeston (3.0 miles)

    Nottingham (3.2 miles)

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