Property Description

A freehold industrial estate located off Crompton Road in Ilkeston offered with a current gross income of £126,545 per annum. Total GIA = 22,901 sq.ft plus 1,776 sq.ft Mezz The site extends to circa 1.507 acres (or thereabouts). The units benefit from brick and steel portal frame construction, roller shutters, high eves and a substantial yard area. Ilkeston is well connected to the motorway network with Junction 25 and 26 a short distance away. The site is sold subject to the following tenancies -

Unit 3

Let on a 6 year lease from 20/09/2023 to 19/09/2029 at £13,750 per annum (2,547 sq.ft).

Unit 4

Let on a 10 year lease from 01/05/2021 to 29/04/2031 at £11,000 per annum (2,325 sq.ft).

Unit 5

Let on a 6 year lease from 21/08/2025 to 31/03/2028 at £15,500 per annum rising to £17,700 year 3 (2,723 sq.ft).

Unit 6

Let on a 6 year lease from 01/01/2022 to 31/12/2027 at £17,500 per annum (3,326 sq.ft).

Unit 7

Let on a 6 year lease from 30/09/2022 to 29/09/2028 at £15,995 per annum (3,046 sq.ft).

Unit 8

Let on a 6 year lease from 31/03/2023 to 30/03/2029 at £9,300 per annum (1,550 sq.ft).

Unit 9

Let on a 10 year lease from 25/04/2023 to 24/04/2033 at £14,500 per annum (2,336 sq.ft).

Unit 10

Let on a 6 year lease from 16/03/2023 to 5/03/2029 at £29,000 per annum (5,048 sq.ft).

Note

Interested parties are advised to inspect the legal pack and make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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