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Industrial Park for sale

Robinson Industrial Estate, Shaftesbury Street,Derby,DE23 8NL

41,200 sq. ft. | POA

Property Description

Commercial information

  • 41,200 sq ft (3,827 sq m)
  • Use class orders: B1 Business, B2 General Industrial and B8 Storage and Distribution

Full description

Tenure: Leasehold

LOCATION
Robinson Industrial Estate is situated off Shaftesbury Street, close to its junction with Osmaston Road, approximately one mile south of Derby city centre.

The area is an established and popular commercial trading location, and benefits from good road communications with Osmaston Road, being part of the A514, which provides a direct link to Derbyís inner and outer ring road systems, and onwards onto the A50, the M1/M6 link road, A38 and A52.

DESCRIPTION
The Industrial Estate was planned and built in the early 1980ís and comprises a range of industrial units, principally built in two terraces with a central service access road, with two gated entrances to Shaftesbury Street.

The units are of steel framed construction, with cavity concrete block and brick infills to full height, under monopitch profile sheet-clad roofs. The units have the benefit of concrete floors, and a minimum eaves height of 3.4m, roller shutter service access doors, together with personnel entrance doors, and WC facilities. Units 1 to 11 also have the benefit of single-storey additions to the front, providing office and amenity accommodation, under flat asphalt covered roofs.

In total there are twenty-nine units, and these are Let to a range of local and national companies.

Over the years, the Estate has enjoyed a high occupancy level.

ACCOMMODATION
The Industrial Estate provides a good range of industrial units, more specifically compromising of;
Nine - 800sq.ft. / 74.32sq.m units.
Thirteen - 1,600sq.ft. / 148.64sq.m units.
One - 2,000sq.ft. / 185.8 sq.m unit.
Two - 2,400sq.ft. / 222.96sq.m units.
Two - 3,200sq.ft. / 297.28sq.m units.

Providing a total GIA of 41,200 sq,ft / 3,827.48 sq.m

TENANCY SCHEDULE AND RENT ROLL
An up to date Tenancy Schedule can be provided on request. The leases are drawn upon Full Repairing and Insuring terms, with the majority on three to six year leases. The current rental income, as of July 2012, is £118,760 pax. The estimated rental value is £160,000 per annum.

SERVICES
Mains gas, electricity, water and drainage are connected to the site.

TENURE
The site is held on a Ground Lease, for a term of one-hundred twenty-five years, commencing on 17th February 1983. The Ground Rent is reviewed every eight years, with the next review due in 2013. A copy of the Ground Lease is available upon request.
The current Ground Rent payable is £44,000 (forty four thousand pounds) per annum exclusive.


PRICE
Offers are invited in the region of £975,000 (nine hundred and seventy-five thousand pounds), for the benefit of the Long Leasehold Interest.

VALUE ADDED TAX
We understand that the units are liable for VAT.

VIEWINGS
For further information or to view the Estate, please contact the Marketing and Managing Agents: -
Gadsby Orridge, 6 Royal Buildings, Victoria Street, Derby, DE1 1ES.
Tel: 01332 290390
Fax: 01332 291720
Email: andrewnichols@gadsbyorridge.o.uk

SUBJECT TO CONTRACT


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