Property Details
Pugh Auctions
Lot 034
Lot 034
Auction: October Auction 2015

Sovereign Court, Crown Farm Industrial Park, Long Stoop Way, Forest Town, Mansfield, Nottinghamshire, NG19 0FQ

Property Details
Location

The property is situated on the Crown Farm Industrial Park approximately 3 miles east of Mansfield town centre and within 9 miles of the M1 motorway. Long Stoop Way can be accessed via the A6117 and A60. Nottingham city centre is approximatley 13 miles south and Sheffield city centre 21 miles to the north.

Description

Detached industrial unit comprising workshop, offices and storage on a site of approximately 0.56 hectares (1.38 acres). The property is currently producing ú60,000 per annum (rising to ú90,000 in year 5)

Accommodation

The following details have been provided by the Vendor: Ground Floor: 1,635 sq m (17,598 sq ft) Mezzanine: 257 sq m (2,770 sq ft) Total: 1,892 sq m (20,368 sq ft)

Outside

Car parking and yard.

Approx Site Area

Approximately 0.56 Hectares (1.38 Acres).

Tenure

Leasehold until 29th September 2116 at a ground rent of ú17,800 per annum to be reviewed every 5 years (last review 2013).

Tenancy

The property is let to Jeremias UK Ltd for a term of 5 years from the 14th May 2014 at a rent of ú90,000 per annum with guarantee from Parent company. There is a separate deed vary the rent to ú50,000 in Year 1, ú60,000 in Year 2, ú70,000 in year 3, ú80,000 in year 4 and thereafter the Lease rent,

VAT

VAT is payable on the purchase price.

Addendum

This lot has SOLD PRIOR to the Auction.

Property Location Address:
Sovereign Court,
Crown Farm Industrial Park,
Long Stoop Way,
Forest Town,
Mansfield,
Nottinghamshire,
NG19 0FQ
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Auction Details
Auction: October Auction 2015 Date: 22nd October 2015 Lot Number: 034 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
Manchester City Football Club,
Manchester,
M11 3FF

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