10 minute walk to Nottingham City Centre and half a mile to railway station
12 car parking spaces
Lot 6
Auction 14th February 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
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.
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
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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
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 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
£56,600
2021 (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.
