Unit 2
New Park Place
Pride Park
Derby
DE24 8EZ

£995,000
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INCOME PRODUCING INVESTMENT

6016 sq, ft

Approximate Site Area

For Sale

Features Include....

  • Excellent Covenant Strength
  • Excellent Transport Links
  • INCOME PRODUCING INVESTMENT

Property Summary

The subject property comprises a two-storey purpose-built office building. The property is accessed directly off New Park Place and benefits from approximately nineteen car parking spaces.
The property includes a personal access door to the ground floor directly into a self-contained reception area, providing WC facilities and stairs to the first floor.
Both floors are essentially open plan in nature, being fully decorated and carpeted throughout. The premises comprise of high-quality office accommodation with a number of high-quality glass partitions, particularly at the first floor level, with both floors comfort-cooled throughout and raised floors with appropriate data trunking.

Planning
We understand that the property has Planning Consent for its existing use.
For further information please contact Derby City Council’s Planning Control Department, telephone 01332 640000.

Business Rates
Rateable Value
Ground Floor £33,750
First Floor £34,750
This is not the amount you will pay. For further information on rates payable please contact Derby City Council on 01332 640000.

Price
£995,000
This represents a yield of 6.9% when taking into account usual purchaser’s costs.

Tenure
The property is for sale on a Freehold basis.

Existing Tenancy
The property is currently occupied by Expleo Engineering UK Limited for a 10-year term from 3rd March 2015 at a current passing rent of £72,025.
There is an outstanding Rent Review as at 3rd March 2020.

Energy Performance Rating
Copies of the Energy Performance Certificates are available upon request.

VAT
Unless stated all 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.

Services
We understand that mains gas, electricity and water are connected to the premises. However, we recommend that interested parties contact the relevant service providers to confirm this.

Viewing and Further Information
Strictly by prior appointment through the Sole Agents, Musson Liggins.

The subject property is located on New Park Place, a courtyard office development, and is within easy walking distance of Derby train station.
New Park Place is within the Pride Park business area within Derby accessed directly off the A52 which is the main link between Nottingham and Derby with Derby approximately one mile to the north and Nottingham approximately fifteen miles to the east. Access to Junction 25 of the M1 Motorway is available within ten miles distance to the east.
Pride Park is a popular location for businesses and has attracted several motor dealerships, trade park operators, and established businesses to the area.

0 - 10,000 sq ft

For Further Information Contact

Jack Farrell BSc (Hons) MRICS

Experience I have worked at Musson Liggins since May 2018 having previously worked at Bairstow Eaves in Nottingham. I assist with all aspects of General Practice surveying however the majority of my time is spent dealing with commercial property agency...

Matthew Wade BSc (Hons) MRICS

Director

Professional Experience I first came to Nottingham in 1999 and my first job was as a graduate surveyor with FHP. I qualified as a chartered surveyor in 2000 and then joined Geo. Hallam & Sons and latterly Humberts where I..

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