ADDRESS140 Vernon Road, Old Basford, Nottingham NG6 0AD
TYPEIndustrial, Land, General industrial, Warehouse, Distribution Warehouse, Light Industrial, Storage, Commercial Land
TENUREDevelopment Opportunity, Investment Opportunity, Under Offer, For Sale Freehold
POSTED ON25th April 2024
Description
REQUEST FOR OFFERS - 1PM THURSDAY 16 MAY 2024 CLICK 'REQUEST FOR OFFERS' ATTACHMENT BELOW FOR FULL DETAILS
Business Space / Redevelopment Opportunity. • Detached 15,000 sq ft warehouse / factory set on 1.2 acre site • Suitable for owner occupiers, developers & investors • Situated 2.5 miles from Nottingham city centre & 0.2 miles from the outer ring road • Rare freehold opportunity.
LOCATION: The property is situated on Vernon Road in the Old Basford area of Nottingham which is approximately 2.5 miles north of Nottingham city centre.
The property is prominently located opposite the NET Old Basford tram stop and 0.2 miles from the main outer ring road (Valley Road - A6514) which provides convenient access to all parts of the city and north to the motorway via the A610.
The property is located in a mixed commercial and residential area and could therefore be suitable to a variety of end users.
DESCRIPTION: The property comprises a detached warehouse situated within a large secure site of approximately 1.2 acres.
The property comprises a former factory/ warehouse building constructed in the 1930's with later additions. The building is configured to a provide a two storey building to the front facing Vernon Road with six parallel warehouse/workshops to the rear, all of differing sizes.
The building has most recently been divided up into a variety of smaller workshops, however, it is capable of being occupied by a single occupier or retained as a multi let property.
To the rear of the site there is a triangular piece of open storage land and which provides a large yard for the premises.
ACCOMMODATION: Warehouse: 1,394 sq m (15,000 sq ft)
Site area of 1.2 acres (0.47 hectares).
Please note the building is currently inaccessible so the above floor areas are provided as a guide.
TENURE: Freehold, with vacant possession.
PRICE: The property is available to purchase with a guide price of:- £500,000 Freehold
Offers are sought for the freehold interest, with a preference for unconditional offers.
A legal pack is being prepared and full details on how to submit a formal offer will be circulated ahead of the deadline.
RATES: The building has been sub-divided up into a variety of assessments and the combined rateable value is £39,000.
Full rating information is available from the Valuation Office Agency and further details are available upon request.
PLANNING: The property has most recently been used for general industrial and storage and distribution uses, however, interested parties should make contact with Nottingham City Council to verify their proposed use for the site - 0115 876 4447.
VAT: Vat is applicable to the purchase price.
EPC: G - 155
VIEWINGS: Please contact our office for viewing dates.
Please do not attend an inspection if you have not previously provided heb with all names of the parties attending the inspection as we have to clear all access with the site security.