Key Information
- Total GIA: 36,826 sq ft (3,421.1 sq m)
- Prominent corner position
- On site car parking
- Purchase price: £1,500,000 / Rental: £111,000 pax
- The freehold interest is available for £1,500,000. Rent The initial rental shall be £111,000 per annum exclusive.
The subject property comprises a three-storey warehouse with a flat roof. The original part of the building appears to have been constructed around the late 19th century with a later extension to the side and rear. The property is constructed in two sections, both being of three storeys. One building is of steel frame with brick walls, concrete floors and a two-bay pitched hip board-lined slate covered roof on light steel trusses, with an eave's height of some 3.2m throughout. The second building is of concrete frame with brick walls, concrete floors and a flat roof. These two buildings are inter-linked at each floor level. Access to the upper floors is provided by way of two internal staircases and two goods lifts. Outside and to the rear is a concrete surfaced car park providing 24 spaces. The car park is accessed via an archway from Clarence Street.
Location
Loughborough is a popular town located on the A6 trunk road alongside the M1 motorway, being accessed from junctions 23 and 24. The town is renowned for its university and benefits from an established and successful retailing centre with extensive industrial and commercial areas around the periphery of the town centre. There are large residential areas within Loughborough and its immediate surrounding areas. The property occupies a prominent corner position at the junction of Nottingham Road (A60) and Clarence Street in an established industrial area of the town. The A60 trunk road provides access from Loughborough to Nottinghamshire and is one of the major routes into the town. Industrial areas on the eastern side of Nottingham Road have been redeveloped for residential purposes, taking advantage of the proximity to the River Soar / Grand Union Canal.
VAT
VAT may be applicable.
Services
We understand all mains services are connected to the property.
EPC
Available upon request from the agent.
Legal Costs
Each party is to bear their own legal costs.
Accommodation
Measurements are quoted on a Gross Internal basis in accordance with the RICS Property Measurement Second Edition.
Planning
The current planning for the site is for warehousing and manufacturing, although alternative uses may be possible, subject to formal planning consent from Charnwood Borough Council.
Viewing
Viewings are by appointment with sole agents Innes England