Description
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 RATEABLE VALUE
Unit 1 £19,250
Unit 2 £19,000
Unit 3 £18,250
Unit 4 £19,500
Unit 5 £15,000
Unit 6 £13,500
Unit 7 £14,750
Unit 8 £15,000

EXISTING TENANCIES
The property is currently producing a total annual income of £118,250 per annum, let to eight separate Tenants. Further information is available on the separate Tenancy Schedule available from the Agents.

UNIT TERM RENT
Unit 1 25/12/2024 - 24/12/2027 £18,500
Unit 2 16/12/2025 - 16/12/2028 £18,500
Unit 3 1/6/2022 - 31/5/2025 £16,000
Unit 4 1/1/2026 - 31/12/2031 £16,750
Unit 5 7/1/2026 - 6/1/2029 £12,000
Unit 6 1/10/2026 - 30/9/2029 £13,000
Unit 7 1/2/2025 - 31/1/2028 £11,500
Unit 8 25/12/2025 - 24/12/2030 £13,500

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
£900,000 (Nine 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.