9 Castle Quay Castle Boulevard Nottingham Nottinghamshire NG7 1FW

9 Castle Quay
Castle Boulevard
Nottingham
Nottinghamshire
NG7 1FW

Freehold Office Investment with Potential

  • Let on renewed 5 year lease to The First Secretary of State
  • Located on Established Purpose Built Office Park
  • 1 mile west of Nottingham City Centre
  • Future Development Potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    27
  • Auction
    30th March 2017
  • Rent
    £128,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,550,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Office Investment with Potential

  • Let on renewed 5 year lease to The First Secretary of State
  • Located on Established Purpose Built Office Park
  • 1 mile west of Nottingham City Centre
  • Future Development Potential (subject to consents)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 27
  • Auction 30th March 2017
  • Rent
  • Status Sold
  • Price £1,550,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Major Fund Manager

Property Information

Location
Miles
1 mile west of Nottingham city centre, 29 miles north of Leicester, 38 miles south-east of Sheffield
Roads
A6005, A52, A60, M1 (Junction 26)
Rail
Nottingham Railway Station
Air
East Midlands Airport
Situation

The property is situated on an established purpose built office park 1 mile west of Nottingham City Centre just off Castle Boulevard (A6005), which offers direct access to the City Centre. The surrounding area is mixed use, providing office and residential uses, along with numerous retailers such as Laura Ashley and Multiyork Furniture. Castle Marina Retail Park, accessed via a nearby walkway, is located to the south of the property and houses occupiers including Currys, DFS, Pets at Home, Carpetright and Costa Coffee. Castle Quay is home to occupiers including St James’ Place Wealth Management, Tramlink Nottingham and Heart Internet. A number of new residential schemes have been built along Castle Boulevard, including Castle Point, an exclusive luxury development.

Tenure

Freehold.

Location
Miles
1 mile west of Nottingham city centre, 29 miles north of Leicester, 38 miles south-east of Sheffield
Roads
A6005, A52, A60, M1 (Junction 26)
Rail
Nottingham Railway Station
Air
East Midlands Airport
Situation

The property is situated on an established purpose built office park 1 mile west of Nottingham City Centre just off Castle Boulevard (A6005), which offers direct access to the City Centre. The surrounding area is mixed use, providing office and residential uses, along with numerous retailers such as Laura Ashley and Multiyork Furniture. Castle Marina Retail Park, accessed via a nearby walkway, is located to the south of the property and houses occupiers including Currys, DFS, Pets at Home, Carpetright and Costa Coffee. Castle Quay is home to occupiers including St James’ Place Wealth Management, Tramlink Nottingham and Heart Internet. A number of new residential schemes have been built along Castle Boulevard, including Castle Point, an exclusive luxury development.

Tenure

Freehold.

Description

The property comprises a detached office building over ground and first floors. The property provides future redevelopment potential (subject to consents). The property benefits from rights to parking.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a detached office building over ground and first floors. The property provides future redevelopment potential (subject to consents). The property benefits from rights to parking.

VAT

VAT is applicable to this lot.

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
First
Office
Office
6.70 sq m
631.30 sq m
(6,423 sq ft) (6,793 sq ft)
THE FIRST SECRETARY OF
STATE t/a National
Probation Office (1)

5 years from 25/03/2017 (2)

£128,500
24/03/2022
Totals  
1,227.80 sq m
(13,216 sq ft)
    £128,500
 

(1) The tenant has been in occupation since at least 1991.
(2) The First Secretary of State will benefit from a 6 weeks’ rent free period which will expire on 06/05/2017. The seller has agreed to adjust the completion monies so that the unit will effectively produce £128,500 p.a. from completion of sale.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    585 KB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Hamlins LLP Roxburghe House273-287 Regents Street
London
W1B 2AD
Joseph Holder 0207 355 6112joseph.holder@hamlins.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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