Used as National Document Store for Lands Tribunal
Approximately 755.65 sq m (8,134 sq ft)
Strategic and established industrial location
Lot 57
Auction 23rd October 2014
Rent £42,725 per Annum Exclusive
Status Sold
Price £575,000
Sector Industrial, Warehouse
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
12 miles north of Leicester
16 miles south of Nottingham
42 miles north-east of Birmingham
Roads
A6, A60, A6004, M1 (Junction 23)
Rail
Loughborough Rail Station
Air
East Midlands Airport
Situation
Castle Business Park is located off Jubilee Drive in the main Belton Road Industrial Estate. The business park is accessed from the A6004 which links to the A60 (Nottingham Road) to the north-east and A512 to the west and onwards to Junction 23 of the M1. The property is prominently located on the west side of Pavilion Way at its junction with Bottleacre Lane. Nearby occupiers include, Bosch, VBC Group, PTS, Dulux, and Plumb Center.
Tenure
Freehold.
Location
Miles
12 miles north of Leicester
16 miles south of Nottingham
42 miles north-east of Birmingham
Roads
A6, A60, A6004, M1 (Junction 23)
Rail
Loughborough Rail Station
Air
East Midlands Airport
Situation
Castle Business Park is located off Jubilee Drive in the main Belton Road Industrial Estate. The business park is accessed from the A6004 which links to the A60 (Nottingham Road) to the north-east and A512 to the west and onwards to Junction 23 of the M1. The property is prominently located on the west side of Pavilion Way at its junction with Bottleacre Lane. Nearby occupiers include, Bosch, VBC Group, PTS, Dulux, and Plumb Center.
Tenure
Freehold.
Description
The property forms a modern end of terrace industrial building comprising ground floor warehouse accommodation (with a mezzanine providing further ancillary accommodation). The property benefits from a vehicle accessible loading door and a front yard with 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 forms a modern end of terrace industrial building comprising ground floor warehouse accommodation (with a mezzanine providing further ancillary accommodation). The property benefits from a vehicle accessible loading door and a front yard with 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 Mezzanine
Warehouse
755.65 sq m
(8,134 sq ft)
THE FIRST SECRETARY OF STATE (1)
15 years from 20/12/2002 on a full repairing and insuring lease
£42,725
19/12/2017
Totals
755.65 sq m
(8,134 sq ft)
£42,725
(1) We understand that the tenant currently using the property is the National Document Store for the Lands Tribunal.
