Modern Freehold Warehouse and Office Investment with Majority Vacant Possession
Approximately 7,480 sq m (80,521 sq ft)
Within walking distance of Derby City Centre and Derby Railway Station
Established industrial area close to A52 and Derby City Inner Ring Road
Substantial site of 1.943 hectares (4.8 acres) with car parking for approximately 190 cars
Lot 37
Auction 11th December 2014
Rent £119,110 per Annum Exclusive
Status Sold
Price £900,000
Sector Office
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On the Instructions of Helix Property Advisors
Property Information
Location
Miles
15 miles west of Nottingham, 31 miles north-west of Leicester, 52 miles north-east of Birmingham
Roads
A52, A38, A6, A50, M1 (Junction 25)
Rail
Derby Railway Station
Air
East Midlands Airport, Birmingham Airport
Situation
The property is situated to the west of Derby City Centre on the northern side of Meadow Road which is accessed directly from the Derby Inner Ring Road.
The property lies adjacent to the Meadow Road Bus Depot and within walking distance of the city centre, the Bus Station and the Railway Station.
Tenure
Freehold.
Location
Miles
15 miles west of Nottingham, 31 miles north-west of Leicester, 52 miles north-east of Birmingham
Roads
A52, A38, A6, A50, M1 (Junction 25)
Rail
Derby Railway Station
Air
East Midlands Airport, Birmingham Airport
Situation
The property is situated to the west of Derby City Centre on the northern side of Meadow Road which is accessed directly from the Derby Inner Ring Road.
The property lies adjacent to the Meadow Road Bus Depot and within walking distance of the city centre, the Bus Station and the Railway Station.
Tenure
Freehold.
Description
The property comprises a substantial building providing warehouse and office accommodation. The warehouse element comprises two adjoining units and benefits from loading bays and ancillary office accommodation. The office element comprises a range of modern suites over ground and mezzanine floors. The property benefits from an approximate site area of 1.943 hectares (4.8 acres), providing some 190 car parking spaces.
Six Week Completion
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Telephone: +44 (0)20 7034 4861.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial building providing warehouse and office accommodation. The warehouse element comprises two adjoining units and benefits from loading bays and ancillary office accommodation. The office element comprises a range of modern suites over ground and mezzanine floors. The property benefits from an approximate site area of 1.943 hectares (4.8 acres), providing some 190 car parking spaces.
Six Week Completion
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Telephone: +44 (0)20 7034 4861.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Office/Storage
1,142.52 sq m
(12,298 sq ft)
LOCAL WORLD LIMITED (1)
2 years from 06/03/2014 (2)
£79,110
01/12/2016
Ground/Mezzanine
Office
697.05 sq m
(7,503 sq ft)
WOWCHER LIMITED (3)
1 year 5 months from 24/06/2014 (4)
£40,000
01/12/2015
Ground – Suite A Ground – Suite C First – Suite D First – Suite E Ground Ground
(1) For the year ending 29/12/2013, Local World Limited reported a turnover of £230,579,000, pre-tax profits of £12,749,000 and a total net worth of £5,004,000. (Source: www.riskdisk.com 28/10/2014) (2)The lease to Local World Limited provides a mutual rolling option to determine from the first anniversary of the term. (3) Wowcher Limited is an online marketing business which uses bulk buying to offer unbeatable deals on things to do, see, eat and buy in a variety of cities in the UK (Source: www.wowcher.co.uk 03/11/2014). (4) The lease to Wowcher Limited provides a mutual rolling option to determine, subject to 6 months’ notice. Please refer to the legal documents.
