3 Castle Quay (aka Unit 2 Castle Court)
Castle Boulevard
Nottingham
Nottinghamshire
NG7 1FW

Freehold Office Investment

  • Located on established purpose built office park
  • Let to Heart Internet Limited
  • 10 minute walk to Nottingham City Centre and half a mile to railway station
  • 12 car parking spaces
  • Lot
    6
  • Auction
    14/Feb/2018
  • Rent
    £56,600 per Annum Exclusive
  • Status
    Sold Post
  • Price*
     
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of a Major Institution
Important Property Update
  • 3 Castle Quay (aka Unit 2 Castle Court)<br>Castle Boulevard<br>Nottingham<br>Nottinghamshire<br>NG7 1FW
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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, retail and residential uses. Castle Marina Retail Park, accessed via a nearby walkway, is located to the south of the property and houses occupiers including Currys, DFS, Mothercare, Pets at Home, Carpetright and Costa Coffee.
Castle Quay is home to occupiers including Harley Medical and Secretary of State. A number of new residential schemes have been built along Castle Boulevard, including Castle Point, an exclusive luxury development.

Tenure

Freehold.

Description

The property is arranged to provide a three storey office building. Kitchenette and WC facilities are provided on each floor and the property benefits from 12 car parking spaces.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from conversion to residential use, subject to the current occupation and the necessary consents/permissions. Interested parties are referred to Nottingham City Council, www.nottinghamcity.gov.uk

Completion Period

Six Week Completion

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Second
Office
Office
Office
171.68 sq m
170.00 sq m
159.51 sq m
(1,848 sq ft)
(1,830 sq ft)
(1,717 sq ft)
HEART
INTERNET
LIMITED (1)
5 years and 35 days
from 27/04/2016 (2) on
a full repairing and
insuring lease
£56,6002021 (2)
Total
501.19 sq m(5,395 sq ft)  £56,600 

(1) For the year ended 31st December 2016, Heart Internet Limited reported a turnover of £16,385,000, pre-tax profits of £8,631,000 and a total net worth of £35,344,000 (Source : Experian 12/01/2018). Website : www.heartinternet.uk
(2) Tenant’s option to break in 2019 upon 6 months’ notice.

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    616 KB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    File Size
    683 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Coley & Tilley Solicitors Neville House, 14 Waterloo Street
Birmingham
B2 BUF
Grahame Griffiths +44 (0)121 643 5531gg@coleyandtilley.co.uk

Useful Links

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