Let to WM Morrisons Supermarkets Limited until 2134
Approximate site area of 0.49 Ha (1.22 Acres)
Comprises approximately 146 car parking spaces
Located in a popular suburb
Well located being approximately 4.8 miles south of Nottingham City Centre
Nearby occupiers include Farmfoods, Heron Foods, Iceland, Boots and B&M Home Store and Lidl
Lot 3
Auction 13th February 2025
Rent £32,000 per Annum Exclusive
Status Sold
Price £1,005,000
Sector Ground Rent, Car Park, Land
Auction Venue Live Streamed Auction
On behalf of Nottingham City Council
Property Information
Location
Miles
Approximately 4.8 miles from Nottingham City Centre, 42 miles from Sheffield, 46 miles from Birmingham
Roads
A453, A52, A60
Rail
Nottingham Railway Station
Air
East Midlands Airport
Situation
The property is situated approximately 4.8 miles from Nottingham City Centre. It is located on the north-east side of Green Lane on the corner, close to its junction with Southchurch Drive.
Tenure
Freehold.
Location
Miles
Approximately 4.8 miles from Nottingham City Centre, 42 miles from Sheffield, 46 miles from Birmingham
Roads
A453, A52, A60
Rail
Nottingham Railway Station
Air
East Midlands Airport
Situation
The property is situated approximately 4.8 miles from Nottingham City Centre. It is located on the north-east side of Green Lane on the corner, close to its junction with Southchurch Drive.
Tenure
Freehold.
Description
The property comprises a broadly regular and level site of approximately 0.49 Ha (1.22 Acres), currently being used as a car park for Morrisons Supermarkets for approximately 146 cars.
VAT
VAT is not applicable to this lot.
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller an additional sum (VAT not applicable) as a contribution towards the Seller costs. The property is being offered for sale subject to an Overage provision in the Special Conditions of Sale, a copy of is available within the legal pack.
EPC
Not required
Description
The property comprises a broadly regular and level site of approximately 0.49 Ha (1.22 Acres), currently being used as a car park for Morrisons Supermarkets for approximately 146 cars.
VAT
VAT is not applicable to this lot.
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller an additional sum (VAT not applicable) as a contribution towards the Seller costs. The property is being offered for sale subject to an Overage provision in the Special Conditions of Sale, a copy of is available within the legal pack.
(1) For the year ending 29th October 2023, WM Morrisons Supermarket Limited (CRN: 00358949), reported revenue of £18,358,000,000, pre tax profit of £236,000,000 and net assets of £3,683,000,000. (Source: Annual R report and financial statements as published at Companies House, (08/01/2025) (2) The 2023 rent review is outstanding. The lease provides for the rent to be reviewed to the open market rental value of the land. In the absence of comparable evidence the rent can be based on Nottingham industrial ground rents plus 25%.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
