Units 1-8 Stamford Court, Casterton Road, Nottingham, NG5 5LZ

The property comprises of an industrial investment comprising of eight units of steel portal frame construction with cladding to the exterior and part brick and blockwork and partial cladding to the exterior and roof.

The premises are accessed directly off Casterton Road, which leads to terraces of industrial units with shared access and loading.

BUSINESS RATES
This is not the amount you will pay. Budget figures are
available from the Agents.


Unit 1:
USE: Workshop and Premises
RATEABLE VALUE: £14,750
Unit 2:
USE: Workshop and Premises
RATEABLE VALUE: £14,750
Unit 3:
USE: Workshop and Premises
RATEABLE VALUE: £14,250
Unit 4:
USE: Workshop and Premises
RATEABLE VALUE: £15,000
Unit 5:
USE: Workshop and Premises
RATEABLE VALUE: £11,750
Unit 6:
USE: Workshop and Premises
RATEABLE VALUE: £11,750
Unit 7:
USE: Workshop and Premises
RATEABLE VALUE: £11,750
Unit 8:
USE: Workshop and Premises
RATEABLE VALUE: £11,750

EXISTING TENANCIES
The property is currently producing a total annual income of
£113,700 per annum, let to eight separate Tenants. Further
information is available on the separate Tenancy Schedule
available from the Agents.

Unit 1 - 3 Year Lease from 25/12/2021 - £18,000
Unit 2 - 3 Year Lease from 16/12/2022 - £18,000
Unit 3 - 3 Year Lease from 01/06/2022 - £16,000
Unit 4 - 3 Year Lease from 01/01/2023 - £16,000
Unit 5 - 3 Year Lease from 07/01/2023 - £11,200
Unit 6 - 3 Year Lease from 29/09/2023 - £11,500
Unit 7 - 3 Year Lease from 01/02/2022 - £11,000
Unit 8 - 3 Year Lease from 25/12/2022 - £12,000

PLANNING
We understand that the properties have planning consent
for its existing use. For further information on the planning,
please contact Nottingham City Council.

LONG LEASEHOLD
The premises are held on the residue of a 99 year Lease
from the 1st September 1984, currently paying a ground rent
equivalent to 16.67% of the Gross Rent received.

PURCHASE PRICE
£1,100,000 (One Million One Hundred Thousand Pounds)
for the Long Leasehold Interest with the benefit of the
current occupational tenancies.

EPC (ENERGY PERFORMANCE
CERTIFICATES)
A copy of the existing building's Energy Performance
Certificate can be obtained from the Agents

SERVICES
We understand that electricity and water are connected to
the premises, however, we would recommend that interested
parties contact the relevant service providers to confirm this.

VAT
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.

VIEWING
Strictly by prior appointment with the Sole Agents Musson
Liggins Ltd.