Rink House and the Rink Centre, Rink Drive, Swadlincote, Derbyshire, DE11 8JL

Commercial investment let to the Derbyshire County Council at a combined rent of £111,000 per annum

Description
The property comprises two detached two storey office/commercial buildings; Rink House that is used by the Council as a Youth Information Centre and The Rink Centre which is the Swadlincote Adult Education Centre. The property is held on two titles so option for a purchaser to easily split and allow greater flexibility in the future.

Location
Swadlincote is a historic town in South Derbyshire, England, situated near the borders of Staffordshire and Leicestershire. It lies approximately five miles southeast of Burton upon Trent and about 12 miles southwest of Derby. Swadlincote is the largest town in South Derbyshire and serves as the district's main administrative and commercial center.

The properties are situated in the town centre and lie between the High Street and a Morrisons Supermarket and The Pipeworks retail and Leisure Park. On Rink Drive there are a mixture of other commercial uses and a long stay car park.

Accommodation
We have not inspected internally and the following areas have been obtained from the business rates valuation:

Rink House: 347.50 sq. m (3,740 sq. ft)

The Rink Centre: 878.70 sq. m (9,458 sq. ft)

Outside
Open surfaced car park between the buildings for approximately 23 vehicles.

Tenure
Freehold.

Tenancies
1) Rink House is let to Derbyshire County Council on a full repairing and insuring lease for a term of 10 years 5 December 2023 at an initial rent of £38,000 per annum. There is a rent review and break option on 5th September 2028, with a break payment of £8,500 plus VAT.

2) The Rink Centre is let to Derbyshire County Council on a full repairing (subject to a schedule of condition) and insuring lease for a term of 10 years 5 December 2023 at an initial rent of £73,000 per annum. There is a rent review and break option on 5th September 2028, with a break payment of £8,500 plus VAT.

EPC
Energy Asset Rating is B (The Rink Centre) and both have a DEC of D.

VAT
All figures quoted are exclusive of VAT. Option to Tax applies and can be sold as a TOGC.

Additional Information
In submitting any offer please confirm the below:

1. Purchasing entity.
2. Purchase price.
3. Conditions (if any).
4. Finance (including proof of funding).
5. Timetable for acquisition.