Office for sale

2 New Park Place, Pride Park, Derby, DE24 8DZ

Offers in Excess of 6,032 sq. ft. | £920,000

Property Description

Commercial information

  • 6,032 sq ft (560 sq m)

Full description

Tenure: Freehold

Location
The premises are located on Pride Park in Derby. Pride Park is accessed off the A52 which is the main link between Nottingham and Derby. Pride Park itself has been very popular, attracting a number of motor dealerships, trade park operators and also well established businesses such as Geldards, Egg and Miller Birch.

New Park Place is a courtyard office development and is located within walking distance of Derby railway station.

Description
The premises comprise of an excellent quality two storey brick built office building which provides open plan office accommodation together with some high quality internal partitioning.

The premises further benefit from comfort cooling together with kitchenette, male and female WC facilities.

Externally the premises have 19 car parking spaces available.

Planning
We understand that the property has Planning Consent for use as B1 (Offices).

Business Rates
2010 Rateable Value £79,250
Rates Payable (2015/2016) £39,070.25

Price
Offers in excess of £920,000

Terms
The premises are held on the residue of a Lease expiring on 2 March 2015. The premises are let to Price Engines and the Lease is guaranteed by Hayward Williams Components Limited now part of Arran Isle Limited. Further information on covenant strength is available from the agents.

The current passing rent for the premises is £83,543.20.

Taking into account usual purchaserís costs of 5.7625% this therefore equates to a net initial yield of 8.56%.

VAT
Unless stated all prices are quoted exclusive of Value Added Tax (VAT).

Legal Costs
Each party will be responsible for their own legal costs incurred in this transaction.

Energy Efficiency Rating
A copy of the Energy Performance Certificate is available upon request.

Services
We understand that mains electricity, water and drainage are connected to the premises. However, we recommend that interested parties contact the relevant service providers to confirm this.

Viewing
Strictly by prior appointment through the sole selling agents, Musson Liggins.

More information from this agent

Nearest stations

  • Derby (0.4 mi)
  • Peartree (1.3 mi)
  • Spondon (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Musson Liggins Limited, Nottingham

30 Clarendon Street Nottingham NG1 5HQ

0115 798 0006 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Derby (0.4 mi)
  • Peartree (1.3 mi)
  • Spondon (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Musson Liggins Limited, Nottingham

30 Clarendon Street Nottingham NG1 5HQ

0115 798 0006 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference HighQualityOffices. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Musson Liggins Limited, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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