Unit 1b and 1c Midland Place,
Barlborough Links (M1 Junction 30)
Chesterfield
Derbyshire
S43 4FR

Attractive Medical / Industrial Investment

  • Let to Specsavers Optical Superstores Limited (Trading as a Newmedica Eye Hospital) on a New 10 year Lease Until 2031 (Subject to Option).
  • Handsome Industrial Unit with 24 Dedicated Car Parking Spaces.
  • Situated on an Established and Popular Business Park at junction 30 on the M1.
  • Neighbouring Occupiers Include Amazon, Practice Plus Group Healthcare, Barlborough NHS Treatment Centre, Ibis Hotel, KFC and McDonalds
  • Lot
    21
  • Auction
    13/Dec/2021
  • Rent
    £70,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £980,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    Live Streamed Auction
  • Unit 1b and 1c Midland Place,, Barlborough Links (M1 Junction 30), Chesterfield, Derbyshire, S43 4FR
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* More information on the term "price" can be found here

Property Information

Location
Miles
M1 (Junction 30) 700 metres, 10 miles South east of Sheffield, 7 Miles north east of Chesterfield, 23 miles north of Nottingham
Roads
M1 (Junction 30), A619, A6135
Rail
Chesterfield Railway Station
Air
Doncaster Sheffield Airport
Situation

The very popular and modern Barlborough Links business park is strategically situated some 700 metres east of Junction 30 of the M1 motorway. The business park accommodates a range of industrial units and pavilion office buildings providing accommodation for an eclectic mix of small to medium sized businesses as well as major occupier on the park including Amazon, Practice Plus Group Healthcare, Barlborough NHS Treatment Centre, Ibis Hotel, KFC and McDonalds.

Tenure

Virtual Freehold. Each unit is held for a term of 999 years at a current rent reserved of £2,500 per unit. The head leases provide for the ground rent to be reviewed in line with the Retail Price Index every 10th year.

Description

The property is two adjacent terrace hybrid buildings comprising industrial / warehouse accommodation on the ground floor and office accommodation on the first floor. The property benefits from dedicated Car Parking form 24 cars. Specsavers Optical Superstores Limited will be fitting out the property for use as a Eye Hospital.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

Unit 1B = Band "D" Unit 1C = Band "C

Tenancy & Accommodation

UnitUseUseFloor Areas
(Approx)
TenantTermRent p.a.x.
(gross)
Review
1B
1B
1C
1C
Ground
First
Ground
First
Warehouse
Office
Warehouse
Office
188.89 sq m
187.66 sq m
190.07 sq m
187.54 sq m
(2,033 sq ft)
(2,019 sq ft)
(2,053 sq ft)
(2,018 sq ft)
SPECSAVERS OPTICAL
SUPERSTORES LIMITED
t/a Newmedica
(CRN 01721624)
(1)
10 years from 19/11/2021
until 2031 (2)
£70,000 (3)19/11/2026
Total Approximate Floor Area
757.16 sq m
(8,123 sq ft)
  £70,000 (3) 

(1) For the year ending 29/02/2020, Specsavers Optical Superstores Limited reported a turnover of £696,410,000, pre-tax profits of £20,929,000 and total shareholder's equity of £86,047,000 (NorthRow 22/10/2021).
Newmedica is one of the leading providers of NHS-funded ophthalmology services in England, founded more than 10 years ago. They provide services for NHS CCGs, NHS Trusts and Foundation Trusts, and other providers of NHS-funded services, caring for more than 120,000 patients a year in more than 23 services across England. To support their work to improve eye health services for patients in the community, Specsavers, the largest optical provider to the NHS, made a major investment in a partnership with Newmedica in 2016. Newmedica have been operating in Barlborough and are relocating this branch to provide a new purpose built theatre and treatment centre. More information: https://www.newmedica.co.uk/
(2) The lease provides for a tenant option to determine the lease on 19th November 2027 on serving 6 months written notice.
(3) The lease provides for a rent free period for the first 6 months of the lease until 19th May 2022. The Seller will pay the Buyer the rent that would have been due from Completion of the sale until end of the rent free period.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    03.12.21
    File Size
    56 MB
    Login to View
  • Site Plan
    Updated Date
    23.11.21
    File Size
    692 KB
    View PDF
  • Catalogue Page
    Updated Date
    24.11.21
    File Size
    2 MB
    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 060519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Associate Auctioneers
Fortus 1 Rushmills
Northampton
NN4 7YB
William Beresford 07392 876 416will.beresford@fortus.co.uk
Seller's Solicitors
Gateley Legal 1 Paternoster Square
London
EC4M 7DX
Philip Gregory +44 (0)121 234 0261philip.gregory@gateleylegal.com

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