The property comprises a detached distribution warehouse facility constructed in two phases with extensive high specification offices and design studios, providing up to 125,944 sq ft (11,700.7 sq m).
Phase I - A single bay warehouse of a 1970’s steel portal frame construction with a clad insulated roof incorporating translucent panels over a solid concrete floor. Elevations are of brick constructed to a height of circa 3.5 metres surmounted thereafter with profile cladding and having an eaves height of approximately of 3.5 metres. There is a flat profile steel roof section to the front of the warehouse that includes metal framed single glazed windows at eaves height. In addition, there are mezzanine offices and ancillary storage areas.
Phase II - Comprising two interconnecting bays, the first being constructed in 2001 and the second in 2002. The buildings are built around a steel portal frame with profile steel roof covering incorporating translucent panels, brick elevations to a height of circa 4 metres, surmounted thereafter with profile cladding and having an overall eaves height over the two floors of 7 metres or thereabouts. There are two loading bays to the rear elevation both of which are fitted with electrically operated up and over sectional panelled doors.
Internally, a suspended sectional concrete floor slab having floor coverage across the accommodation provides first floor storage, production and office/design studios.
The office accommodation is mainly open plan with partitioned areas that are fitted out to a high specification including vinyl floor covering, exposed concrete frame and suspended ceilings both with air conditioning cassettes, perimeter trunking and double glazed window units. There is a Morris Vermaport 13 person, 1,000 kg lift running between ground and first floor within the more modern structure.
Location
The property is situated to the north of Riverside Retail Park with extensive linear frontage and access from Lenton Lane to the west. Queens Drive (A453), the principal arterial route connecting Nottingham City Centre, to the A52 and M1 (Junction 25), is 300m south of the subject property providing unrivalled connectivity and a gateway location.
The estate is the favoured location of many major industrial and trade occupiers including Travis Perkins, Howdens, SIG, Bunzl, Screwfix, Loomis, Wickes and Speedy Hire. Riverside Retail Park is also home to national retailers such as Toys R Us, Argos, Boots and Next, providing essential critical mass and customer draw.
There is a strong motor trade offering close by which provides excellent alternative use prospects for the property. Trade fascias nearby include, Honda, Mercedes, Nissan, Jaguar, BMW Mini, Land Rover, Porsche, Ferrari, and Maserati.
Accommodation
The property has the following approximate gross internal areas:
Modern Warehouse
Ground Floor - 3,657.8 sq m (39,372 sq ft)
First Floor - 3,657.8 sq m (39,372 sq ft)
Original Warehouse
Ground Floor - 4,258.1 sq m (45,834 sq ft)
First Floor - 127.0 sq m (1,366 sq ft)
Total - 11,700.7 sq m (125,944 sq ft)
Site Area
Site provides an area of approximately 1.492 hectares ( 3.687 acres)
Tenure
The property is held both on a long leasehold, expiring 24 Nov 2106, and freehold basis (title numbers. NT319681, and NT205036)
Terms
Freehold/Long Leasehold
We are instructed to seek offers in excess of £XXX (Two Million, Nine Hundred & fifty thousand pounds) subject to contract and exclusive of VAT.
Leasehold
The property is available to let in whole or part on flexible terms. Rent on application.