Freehold Business Park Investment Opportunity
- Modern Business Park Investment on the strategically located Willow Farm Business Park
- Let to Cameron Homes Limited and Consortio Security Limited
- 5,304 sq ft (492.83 sq m) of high quality and recently refurbished open plan office accommodation
- Allocated parking for 22 cars providing an attractive car parking ratio of 1:230 sq ft
- Currently producing a total rent of £63,600 per annum reflecting £12.50 per sq ft
Castle Donington occupies a strategic central UK location that provides easy access to regional, national and international markets. The town is located approximately 15 miles (24 km) to the south west of Nottingham and some 12 miles (19 km) to the south east of Derby. More specifically, it is located within 1 mile south of the A50 trunk road midway between junctions 24 and 24a of the M1 motorway.
On an average weekday, there are 35 trains per day travelling from East Midlands Parkway to London St Pancras International.
East Midlands International Airport, located 3 miles (5 km) to the south, is the second largest cargo airport in the UK. Due to this notable companies such as DHL and TNT have major facilities at the airport and in the surrounding area.Locally, only 1 mile (1.6 km) away, Castle Donington is home to the East Midlands
Distribution Centre (EMDC). The EMDC is known as one of the UK’s premier distribution centres offering 2,000,000 sq ft of storage and distribution space and is occupied by Marks & Spencer serving as one of their main distribution hubs.Castle Donington has a labour catchment of approximately 2 million people within a 50-minute drive time
Willow Farm is a 50 acre mixed distribution and office park accessed by the A6504 from the A50(T), 2.5 miles (4 km) west of Junction 24a of the M1. The property is equidistant to Nottingham and Derby, both of which are approximately 12 miles distant, accessed by direct dual carriageway links via the A453 to Nottingham and the A50 / A6 to Derby with both City Centres accessible within 20 minutes’ drive outside of peak hours.
The property, constructed in 2008, comprises a modern semi-detached office building over ground and first floors. Split on a floor-by-floor basis into two office suites, the building provides a total net internal area of 5,304 sq ft (492.83 sq m). The property benefits from 22 parking spaces with each floor having 11 spaces each (1:230 sq ft) as well as the following internal features:
• Full height reception area
• Air conditioning
• Double glazing
• Male, female and disabled WC facilities
• Fitted kitchenette on each floor
The property is let in accordance with the tenancy schedule detailed below and provides a weighted average unexpired lease term of 7 years to lease expiries and 2.5 years to breaks.
Cameron Homes Limited
Established in 1993, Cameron Homes is a family owned business and build new homes throughout Staffordshire and the West Midlands. They are in the process of expanding further and are due to launch an East Midlands division later this year from the subject property which will cover developments in Leicestershire, Derbyshire and Nottinghamshire.
Cameron Homes Limited has a D&B rating of 3A1 which represents a “low-moderate” risk of business failure
Consortio Security Limited
Consortio Security is a security led business, dedicated to protecting property, information and people. Consortio Security works alongside blue chip and public-sector organisations to reduce loss, manage risk, provide manpower resource and generally protect their operations and interests. They are an SIA-ACS approved company which was introduced to raise performance standards and to assist the private security industry in developing new opportunities.
Available upon request.
The property is elected for VAT and it is the intention of the vendor to treat this transaction as a Transfer of a Going Concern (TOGC).
Offers are invited in excess of £800,000 subject to contract and exclusive of VAT. This reflects a a NIY of 7.50% and a low capital value of £150 taking into consideration standard purchaser’s costs of 5.49%.
MISREPRESENTATION ACT 1997 & DECLARATION
Buchanan Bond Real Estate Ltd, for themselves and for the vendors of this property whose agents they are, give notice that:
i) The particulars are set out as a general outline only for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract.
ii) All descriptions, dimensions, references to condition and necessary permission for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
iii) No person in the employment of Buchanan Bond Real Estate Ltd has any authority to make or give any representation or warranty in relation to this property.