Key Information
- GIA: 1,677 sq ft (155.81 sqm)
- Industrial unit set within a 0.28 acre site suitable for industrial open storage
- Rare freehold opportunity within an established industrial location
- Easy access to Junction 26 of the M1 motorway and A38
- Available to rent at £25,000 Available to purchase at £295,000
The property comprises a broadly rectangular site that consists of open storage land accommodation, secured in part, by a perimeter fence line but will be fully secured once the neighbouring occupier has erected a palisade fence along the Eastern boundary of the site. Within the site, there is an industrial unit that comprises of steel portal frame construction with metal sheet cladding elevations, set beneath a mono-pitch metal sheet clad roof. The unit features a full height roller shutter door and has the benefit of a mezzanine currently utilised for additional storage accommodation but was formerly used as offices. Attached to the side elevation of the main unit, is a single storey shed, which provides additional covered space and is currently used for general storage purposes. The site is accessed via a side road off Common Lane, which is shaded in blue on the cover photo of the brochure.
Location
The property is situated within the established industrial locality Common Lane just off Watnall's Main Road (A600), close to the newly built Headstock Industrial Estate. The property is positioned for easy access to Junction 26 of the M1 Motorway via the A610 providing further access to the Uk's wider road network, the A610 also provides direct access to the A38 which in turn leads to Derby city centre and Mansfield town centre. Nottingham's City Centre also lies approximately 6 miles southeast from the property. Nearby occupiers include TLC Electrical Distributors Ltd, East Midlands Civil Engineering Ltd, Aero Fabrications and Hovis Nottingham Bakery.
VAT
VAT is not applicable.
Rates
From the Valuation Office Agency (VOA) website we understand the property has the following rating assessment: Rateable Value - £5,800 Indicative Rates Payable 2025/2026: £2,994.20 pa Some parties may benefit from small business rates relief and therefore be exempt from paying business rates. (All parties are advised to make their own enquiries of the Valuation Office Agency).
EPC
To be confirmed.
Legal Costs
Each party is to bear their own legal costs incurred.
Accommodation
Measurements are approximate and quoted on a Net and Gross Internal basis in accordance with the RICS Property Measurement Second Edition. All parties are advised to carry out their own measurements.
Planning
We understand the property has consent for: Use Class B8 (Storage & Distribution) under the Town & Country Planning (Use Classes) Order 1987 and its subsequent amends. The property may be suitable for alternative uses subject to the requisite consents. (This information is given for guidance purposes only and prospective parties are advised to make their own enquiries of the local authority).
Viewing
Viewings are by appointment with sole agents Innes England