Common Lane, Watnall, NG16 1HD
£105.24 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,803 sq ft
260 sq m
- SECTOR
Light industrial facility for sale
- USE CLASSUse class orders: B2 General Industrial, B8 Storage and Distribution and Class E
B2, B8, E
Key features
- Industrial investment.
- Detached industrial unit with yard & integral office block.
- 260.38 sq m (2,803 sq ft).
- Detached unit with yard.
- Sought after location offering access to Nottingham and J26 of the M1.
- Leased until July 2025.
- Rent passing £19,000 per annum.
- Rent review July 2023.
Description
The property is located on the popular and established New Line Road Industrial Estate in Watnall.
The location is approximately 5 miles from central Nottingham and 1 mile from the M1 (J26) at its intersection with the A610 trunk road.
Other occupiers in the vicinity include the Hovis bakery, Aero Fabrications, TLC Electrical Distributers and the DVSA driving test centre.
DESCRIPTION:
The property comprises a single storey brick built industrial / warehouse unit set within a fenced and gated compound. The site extends to approx. 0.27 acres.
The property has an integral office block and a gross internal area of 2,803 sq ft - of which the office section extends to approximately 38.15 sq m (411 sq ft).
ACCOMMODATION: (GIA)
Warehouse: 222.23 sq m (2,392 sq ft)
GF Office Block: 38.15 sq m (411 sq ft)
TOTAL: 260.38 sq m (2,803 sq ft)
LEASE:
The property is occupied by Linby Vans Ltd (Company No. 11534314) by way of a 5 year lease from July 2020 at a passing rent of £19,000 per annum.
There is a rent review in July 2023, the tenant has a break option at the end of the third year.
Linby Vans Ltd has an Experian credit score of 77 ('below average risk'). In addition, there is a personal guarantee.
TENURE:
Freehold subject to the existing tenancy.
PRICE:
The property is available to purchase at a price of:- £295,000
A purchase at this level will show an initial yield of approximately 6.31% prior to any impact of the 2023 rent review.
RIGHT OF WAY:
We understand there is a right of way from the entrance gate to the property situated immediately to the rear. Further guidance on application.
EPC:
C - 74
VAT:
Vat is not applicable to the purchase price.
VIEWINGS:
For viewings or further information, please contact the sole agent on the brochure.
CLICK LINK BELOW FOR BROCHURE
Brochures
Common Lane, Watnall, NG16 1HD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Phoenix Park Tram Stop2.0 miles
- Bulwell Station2.2 miles
- Cinderhill Tram Stop2.2 miles
About HEB Property Consultants, Nottingham
Apex Business Park Ruddington Lane, Nottingham, NG11 7DD
heb Property Consultants are one of the region’s leading practices of Chartered Surveyors that specialise in all aspects of commercial property. We are a multi-discipline consultancy and our clients range from corporate companies and pension funds to small property trusts and individuals, we also provide various services to local authorities and charities.
Our ethos is based around core principles of strong communication with our clients, partner led services and a commitment to both cr
Notes
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