Forest Enterprise Centre
Sutton-in-Ashfield
Nottinghamshire
NG17 5LA

Freehold Industrial Investment

  • Substantial estate comprising 11 industrial units
  • Established industrial location close to A38 trunk road
  • Total Approximate Site Area of 2.79 acres (1.13 hectares)
  • Lot
    12
  • Auction
    28/Mar/2018
  • Rent
    £173,896 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Forest Enterprise Centre<br>Sutton-in-Ashfield<br>Nottinghamshire<br>NG17 5LA
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Property Information

Location
Miles
3 miles south-west of Mansfield
24 miles south-east of Sheffield
Roads
A38, A617, M1
Rail
Sutton Parkway Railway Station
Air
East Midlands Airport
Situation

The Forest Enterprise Centre is located just over 1 mile east of Sutton-in-Ashfield town centre on the northern side of Coxmoor Road (A6139), close to its junction with the A38 trunk road which connects with the M1 motorway. The property forms part of an established industrial area, with other nearby estates including Balwant Business Park and Drakehouse Court.

Tenure

Freehold.

Description

The property comprises 11 light industrial/warehouse units with ancillary/office accommodation, some of which have been combined to create larger units. Each unit benefits from car parking and a roller shutter door. The total approximate site area is 2.79 acres (1.13 hectares).

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

Tenancy & Accomodation

UnitFloor Areas (Approx)TenantTermRent p.a.xReviews/
(Reversion)
2, 9 and 11
898.50 sq m
(9,671 sq ft)
PLASTIC PROFILING
SPECIALISTS (1)
10 years from
01/11/2010 (2)
£30,000(31/10/2020)
3-7
2,763.38 sq m
(29,745 sq ft)
FRICTION MARKETING
COMPANY LIMITED (3)
15 years from
19/01/2009 (4)
£105,00019/01/2019
(18/01/2024)
12
430.22 sq m
(4,631 sq ft)
LIFTERZ LIMITED (5)6 years from
17/03/2014
£13,500(16/03/2020)
12a
255.02 sq m
(2,745 sq ft)
SAFEWAY CARS SALES
LIMITED (6)
10 years from
31/10/2014
£9,296(30/10/2024)
12a (Parking)
0.117 acres
(0.047 ha)
SAFEWAY CARS SALES
LIMITED (6)
7 years 8 months
from 01/03/2017
£4,500(30/10/2024)
14
Land
10.00 sq m
0.187 acres
(108 sq ft)
(0.076 ha)
INDIVIDUAL
t/a The Bike Skool (7)
9 years from
01/02/2016 (8)
£11,60001/12/2019 and
01/02/2023 (9)
(31/01/2025)
Totals
4,357.12 sq m
(46,900 sq ft)
  £173,896 

(1) Plastic Profiling Specialists are highly experienced subcontractors offering lasering and routing services to the POS and engineering sector (Source: www.pps-uk.com 23/02/2018).
(2) The leases of Units 2, 9 and 11 provide a tenant only option to determine on 01/11/2019.
(3) For the year ending 31st March 2017, Friction Marketing Company Limited reported a turnover of £11,626,181, pre-tax profits of £1,496,190 and a total net worth of £6,170,576 (Source: Experian Group 23/02/2018). Established in 1991, FMC manufactures a vast
range of parts for a wide variety of industries and specific specialised markets, including mining, marine, military and industrial (Source: www.frictionmarketing.co.uk 23/02/2018).
(4) The lease of Units 3-7 provides a tenant only option to determine on 19/01/2019.
(5) For the year ending 31st December 2016, Lifterz Limited reported a turnover of £11,660,347, pre-tax profits of £1,003,953 and a total net worth of £2,222,268 (Source: Experian Group 23/02/2018). Lifterz supply platforms to all parts of the country and have established themselves as a leading provider of cherry pickers and scissor lifts in the North and East Midlands (Source: www.lifterz.co.uk 23/02/2018).
(6) Safeway Car Sales Limited are a family run business offering an extensive range of second hand cars (Source: www.safewaycarsales.co.uk 23/02/2018).
(7) Bikeskool offer motorbike rider training and courses to all ages and abilities (Source: www.bikeskool.co.uk 23/02/2018).
(8) The lease of Unit 14 provides a tenant only option to determine on 31/01/2021.
(9) Unit 14 provides fixed rental increases to £12,600 p.a. from 01/12/2019 and £13,200 p.a. from 01/02/2023.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    26.03.18
    File Size
    82 MB
    Login to View
  • Site Plan
    Updated Date
    07.03.18
    File Size
    952 KB
    View PDF
  • Catalogue Page
    Updated Date
    07.03.18
    File Size
    2 MB
    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
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Seller's Solicitors
Lupton Fawcett Yorkshire House, East Parade
Leeds
West Yorkshire
LS1 5BD
David Whitaker 0113 280 2118david.whitaker@luptonfawcett.law

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