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Warehouse for sale

Slater Avenue, Derby, Derbyshire, DE1

£250,000
2,850 sq. ft.

Property Description

Commercial information

  • 2,850 sq ft (264 sq m)

Key features

  • SUITABLE FOR INVESTOR OR OWNER OCCUPIER
  • CURRENTLY PRODUCING 15,000 PER ANNUM
  • VACANT POSSESSION AVAILABLE WITHIN 6 MONTHS
  • GOOD ROAD LINKS, CLOSE TO CITY CENTRE
  • FITTED OUT AS RETAIL SHOWROOM

Full description

Tenure: Freehold

The subject property comprises a well established retail warehouse of steel portal frame construction with cavity brick and block external walls surmounted by profile cladding to the upper wall sections. The dual pitched roof is also finished with profile sheet cladding.

Internally, the unit is fitted for the purposes of retail trade with suspended ceilings, CAT II lighting units and is carpeted throughout. There is the showroom/retail area to the front and ancillary storage, offices to the rear. Loading is to the left hand elevation.

Car Parking
The Land Registry transfer documentation provides that the owner shall have the right to park two cars in the rear service yard. The document further states that these can be exchanged, at the transferor's absolute discretion for other spaces in the service yard.
There is additional parking on Slater Avenue (Restricted to 2 hours with no return within 1 hour
between 8am and 6pm).

Services
We believe that mains gas, water, drainage and electricity are all available and connected.
Heating is provided by way of a gas blower ventilation system.

Planning and Use
We believe that the premises benefit from planning consent for their existing use. However, interested parties should make their own enquiries of Derby City Council Planning Department
to verify that this is the current position and to determine whether planning consent is required for
their proposed use.

Non Domestic Rates
Showroom and Premises Rateable Value (2017 Draft Assessment): 27,750
(this is not what you will pay)
The Non Domestic Rates multiplier for the year 1st April 2017 - 31st March 2018 is 46.6p in the .
We estimate rates liability for the year ending 31st
March 2018 to be in the order of 12,932.

Tenancy
The unit is currently let to Direct Golf Limited (Company no: 09825889) - A subsidiary of Sports
Direct. The existing lease is for a term of 3 years with effect from 7th April 2016 and is contracted outside the security provisions of the Landlord & tenant Act 1954.
The lease incorporates an option to break which is effective by either the landlord or the tenant - subject to 6 months prior written notice. The option to break can be instigated at any time
during the term of the lease.
The current rent passing is 15,000 per annum exclusive. The property may, therefore be of interest to an investor or occupier.

Viewing:
All viewings to be strictly by prior appointment through
the selling agents, Raybould & Sons
Contact: Martin Langsdale
Tel: 01332 295555
Email: martin@raybouldandsons.co.uk


More information from this agent

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