Rufford House, Darwin Drive, Sherwood Energy Village, New Ollerton, NG22 9GW

The property comprises a detached self-contained warehouse / industrial unit with a two-storey office block. The warehouse is of steel portal framed construction clad internally with blockwork, surmounted by insulated profile steel sheeting that extends to cover the roof incorporating translucent skylight panels. Externally, the warehouse has an attractive timber cladding. Offices internally are well specified with underfloor heating, a passenger/goods lifts, kitchen and WC facilities on both levels. Overall, the standard is high and provides an attractive working environment.

The minimum working height in the warehouse if 5.4m. The property sits within a large secure yard extending to over 0.75 acres and as a consequence benefits from plentiful parking/loading/circulation space.

The property is located in the heart of the Sherwood Energy Village, a 91 acre redevelopment of the former Ollerton Colliery site which closed in 1994. It is located on the fringes of Ollerton just off the A614 providing access to Mansfield, Worksop, Retford and Newark and both the A1 and M1 Motorway.

The property has an EPC rating of 65 falling within Band C.

Charging Authority: Newark & Sherwood District Council
Description: Store & Premises
Rateable Value: £32,750
Period: 2025/26

Freehold subject to and with the benefit of the occupational lease to Independent Civils Solutions Ltd (Company No. 10046871) on the following terms:
Term: 5 years
Lease Commencement: 29th March 2024
Experian Credit Score: 100 (very low risk) – credit limit £97,000
Annual Rent: £40,000 per annum exclusive
Rent Review: Every 3rd anniversary; upwards only; open market

Offers are invited in excess of £575,000 which reflects a net initial yield of 6.63% having allowed for 4.97% purchaser’s costs.

VAT is not applicable to the price. 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.