Unit G4, Ash Tree Court Nottingham Business Park Nottingham Nottinghamshire NG8 6PY

Unit G4, Ash Tree Court
Nottingham Business Park
Nottingham
Nottinghamshire
NG8 6PY

Freehold Office Investment

  • Let to Stora Enso UK Ltd on a recently agreed reversionary lease
  • Well established and strategically located business park
  • Approximately 212.601 sq m (2,284 sq ft)
  • Nearby occupiers include DVLA, The Highways Agency, David Wilson Homes and The Notttingham Belfry Hotel
  • Lot
    14
  • Auction
    11th December 2014
  • Rent
    £32,335 per Annum Exclusive
  • Status
    Sold
  • Price
    £305,000
  • Sector
    Office
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
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* More information on the term "guide" can be found here

Freehold Office Investment

  • Let to Stora Enso UK Ltd on a recently agreed reversionary lease
  • Well established and strategically located business park
  • Approximately 212.601 sq m (2,284 sq ft)
  • Nearby occupiers include DVLA, The Highways Agency, David Wilson Homes and The Notttingham Belfry Hotel
  • Lot 14
  • Auction 11th December 2014
  • Rent
  • Status Sold
  • Price £305,000
  • Sector
    Office
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
4 miles north-west of Nottingham city centre
28 miles north of Leicester
34 miles south of Sheffield
50 miles north-east of Birmingham
Roads
M1 (Junction 26), A610
Rail
Nottingham Rail Station
Air
Nottingham Airport
Situation

The property is situated within the Ash Tree Court office development on the well established and strategically located Nottingham Business Park off Woodhouse Way, one mile south of Junction 26 of the M1. The property enjoys good access to the commercial centres of Sheffield to the north and Loughborough and Leicester to the south. Nearby occupiers include DVLA, The Highways Agency, David Wilson Homes and The Notttingham Belfry Hotel.

Tenure

Freehold.

Location
Miles
4 miles north-west of Nottingham city centre
28 miles north of Leicester
34 miles south of Sheffield
50 miles north-east of Birmingham
Roads
M1 (Junction 26), A610
Rail
Nottingham Rail Station
Air
Nottingham Airport
Situation

The property is situated within the Ash Tree Court office development on the well established and strategically located Nottingham Business Park off Woodhouse Way, one mile south of Junction 26 of the M1. The property enjoys good access to the commercial centres of Sheffield to the north and Loughborough and Leicester to the south. Nearby occupiers include DVLA, The Highways Agency, David Wilson Homes and The Notttingham Belfry Hotel.

Tenure

Freehold.

Description

The property comprises modern self-contained office accommodation on the ground and first floors and benefits from one on-site car parking space.

Six Week Completion

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 modern self-contained office accommodation on the ground and first floors and benefits from one on-site car parking space.

Six Week Completion

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
104.60 sq m
107.60 sq m
(1,126 sq ft)
(1,158 sq ft)
STORA ENSO UK LIMITED (1) 10 years from 30/04/2010 on a full
repairing and insuring lease (2)
£32,335 29/04/2020
Totals  
212.20 sq m
(2,284 sq ft)
    £32,335

(1) For the year ending 31st December 2013, Stora Enso UK Limited reported a turnover of £8,139,000, pre-tax profits of £282,000 and a total net worth of £2,016,000. (Source: www.riskdisk.com 12/11/2014)
(2)The tenant occupies the property under a lease for a term of 5 years from 30th April 2010 until 29th April 2015 at a current rent reserved of £32,335 p.a.x. The parties have signed a reversionary lease for a term of 5 years from 30th April 2015 at a reserved rent of £32,335 p.a.x. The lease is subject to a tenant option to determine on the 30th July 2018.
(3)The areas stated have been taken from www.2010.voa.gov.uk.

Property Documents

  • Site Plan
    Updated Date
    18.11.14
    File Size
    53 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.14
    File Size
    906 KB
    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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Clarke Wilmott 1 Chancery Lane
London
WC2A 1LF
Helen Meyler 0845 209 1505helen.meyler@clarkewillmott.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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