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UNDER OFFER

26/26a Cottonbrook Road, Sir Francis Ley Industrial Estate, Derby, DE23 8YL

Offers in Excess of
£725,000

£85.80 per sq ft

Business rates & charges may apply

NG Chartered Surveyors, Nottingham
SIZE AVAILABLE

8,450 sq ft

785 sq m

SECTOR

Light industrial facility for sale

Key features

  • Offers invited in excess of £725,000 which reflects a NIY of 6.15% having allowed 5.35% for purchaser’s costs
  • Total rental income of £47,000 per annum
  • Asset management opportunities
  • Strong covenant tenants
  • 2 modern industrial units
  • Fully secure and gated site

Description

The properties are of steel portal framed construction. Elevations are of cavity brick and blockwork to approximately 2m, surmounted by lined and insulated profile steel cladding under a similarly clad roof incorporating approximately 10% translucent light panels.

The units have a solid concrete floor slab throughout and a minimum eaves height of 5.5m. To the front of the units is a tarmacadam shared parking area with space for up to 8 vehicles per unit. The site is fenced and gated.

The properties are located on the established Sir Francis Ley Industrial Estate at Cottonbrook Road, close to its junction with Osmaston Road. Osmaston Road is a busy arterial route providing easy access to the A511 outer ring road, allowing rapid road communication between the inner and outer ring roads to the south of Derby City Centre.

Electricity, water and mains drainage are evident within the units, but we can provide no warranty with regard to their capacity or connectivity.

EPC rating of 88 falling within Band D.

Charging Authority: Derby City Council
Description: Warehouse & premises
Period: 2024/25
26 Cottonbrook Rd: £17,750
26A Cottonbrook Rd: £21,000

Freehold subject to and with the benefit of the occupational leases.

Offers are invited in excess of £725,000 which reflects a net initial yield of 6.15%, having allowed for 5.35% purchasers costs.

VAT is applicable to the price at the prevailing rate. The transaction will be treated as a TOGC for VAT purposes.

Each party will be responsible for their own legal costs incurred in documenting the transaction.

In accordance with Anti-Money Laundering Regulations, two forms of I.D. and confirmation of the source of funding will be required from the successful purchaser.

Brochures

26/26a Cottonbrook Road, Sir Francis Ley Industrial Estate, Derby, DE23 8YL

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Peartree Station0.3 miles
  • Derby Station1.0 miles
  • Spondon Station2.6 miles

About NG Chartered Surveyors, Nottingham

8 Landmere Lane West Bridgford Nottingham NG12 4DG

NG is a leading firm of Chartered Surveyors, established in 1980 in Nottingham. We are still invested in Nottingham and remain deeply committed to the East Midlands.

With huge experience and extensive knowledge, we are here to help and guide you through your commercial property journey. At NG we understand the importance of technology and what that offers our business, as well as yours, allowing us to stay ahead of the game and continue to be at the forefront of the commercial market in the East Midlands.

We provide a wide range of industrial and commercial property services to an extensive portfolio of local and national clients, many of whom have been loyal to us for years.

Our services include:

Acquisitions

Commercial Property Investment

Commercial Property Development

Commercial Property Agency

Property Management

Residential Block Management

Commercial Property Valuations

Residential Property Valuations

Schedules of Dilapidations

Schedules of Condition

Our success comes from a quiet determination to do the finest job we can. Never complacent, we treat every client as if they were our first and know how to build lasting businesses relationships.

NG works to the highest standards of service and professionalism. All our Surveyors and directors are members of the Royal Institution of Chartered Surveyors.

Whilst it is something of a cliché, our people are talented, dedicated and have a strong team spirit. Our expert team specialise in specific areas and we will always ensure you are liaising with an expert in their field. We are pride ourselves on being different, from diverse backgrounds and our family feel ensures we don't come across as corporate, we take the personalised approach in everything we do.

Clients trust our advice, which combines detailed knowledge with experience and, very importantly, honesty. We build lasting relationships with clients and many repay us with the greatest compliment of all - by returning to do more business, year after year.

Contact us today to find out more about any of the properties shown or if you have a general query or question, the team will be here to help and support you.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 279715-1. 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 NG Chartered Surveyors, 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.

Map data ©OpenStreetMap contributors.

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